BEIJING China should urgently reform its foreign exchange rate system or risk impeding the economy and plans for the yuan to play a larger role on the global stage, a central bank adviser said on…
Tagged By financials
China stocks gain as companies urge workers to buy shares, MSCI inclusion hopes
SHANGHAI, June 7 China stocks rose on Wednesday as a growing number of listed firms encouraged employees to buy shares, and as the central bank injected more funds into the banking system to ease fears…
Chinese-invested bank injects vitality for development of SMEs in Laos
VIENTIANE, June 6 (Xinhua) — As the Belt and Road Initiative has advanced, the Laos-China Bank (LCNB) has been providing practical services to help small and medium-sized enterprises (SMEs) in Laos solve their financing problems…
China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia
China Construction Bank (Malaysia) Bhd (CCBM) is the first foreign commercial bank to be granted a banking licence in Malaysia in six years. CCBM is the third China-based bank in Malaysia after the Bank of…
Banks in Beijing raise mortgage rates further to cool property market
The Beijing News reported on Tuesday, the latest move to cool down the red-hot property market. Effective Monday, China Minsheng Bank, China’s biggest private bank, adjusted mortgage rates to 10 percent above the benchmark mortgage…
China’s global plan for the yuan on track, in step with financial markets opening, bank says
China’s financial markets will continue their gradual pace of opening, a process in lock step with the ongoing internationalisation of the yuan, according to Yue Yi, chief executive officer of Bank of China (Hong Kong).…
China’s credit expansion cooled in May amid crackdown on shadow banking, analysts say
Broad credit growth in China is expected to have slowed in May, as the shadow banking industry came under closer scrutiny amid Beijing’s ongoing drive to cut leverage and root out irregularities in the financial…
China May data to show stable growth as exports stay solid
In sign of progress, China and the United States agreed in May to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as…
China’s credit expansion probably cooled in May amid crackdown on shadow banking, analysts say
Broad credit growth in China is expected to have slowed in May, as the shadow banking industry came under closer scrutiny amid Beijing’s ongoing drive to cut leverage and root out irregularities in the financial…
Analysts expect ‘cautious’ response to Guangzhou Rural Bank’s US$1.1b IPO
Guangzhou Rural Commercial Bank (GRCB), China’s fifth biggest rural commercial bank by assets, is seeking a Hong Kong initial public offering worth up to HK$8.33 billion (US$1.1 billion). But some analysts are cautious about the…
China stocks fall despite fewer IPOs, big caps weigh
SHANGHAI, June 5 China’s stocks fell on Monday, as a cooling pace of initial public offerings failed to offset large losses in financial and healthcare stocks. The blue-chip CSI300 index fell 0.5 percent, to 3,468.75…
PBOC regulating financial system
The People’s Bank of China will put more regulations in place on financial systems and institutional arrangements to guarantee financial safety, its deputy governor said at a forum over the weekend. Chen Yulu, deputy governor…
KPMG: China now a fintech force
If KPMG is set to launch a compilation of top 50 financial technology or fintech companies in China, it indicates the new business segment has truly arrived and is poised for rapid growth, said Zhou…
