The three co-chairs — Secretary of the Treasury Steven Mnuchin, Secretary of Commerce Wilbur Ross of the United States and Vice Premier Wang Yang of China — reached consensus on issues such as agricultural trade,…
Tagged By financials
Bank of China given license to operate in Pakistan by central bank
ISLAMABAD Pakistan’s central bank has granted government-run Bank of China a license to operate in the country to ease the financial requirements of Chinese-led “Belt and Road” projects, the central bank said on Saturday. China…
China launches emergency probe on banks to check risky lending: sources
SHANGHAI China’s banking regulator this week launched emergency risk assessments of lenders’ new business practices, sources told Reuters, as Beijing deepens its crackdown on shadow banking. Guo Shuqing, the newly-installed chairman of the China Banking…
UPDATE 1-U.S., China reach deals on access for beef, financial services
WASHINGTON/BEIJING May 11 The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing,…
U.S., China reach deals on access for beef, financial services
WASHINGTON/BEIJING The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce…
China central bank shuffles market funding, injects medium term cash
SHANGHAI China’s central bank injected fresh funds through a medium-term lending facility on Friday while keeping a tight rein on short-term funding in what appeared to be a further effort to dampen speculative investment while…
UPDATE 1-China launches emergency probe on banks to check risky lending – sources
SHANGHAI, May 12 China’s banking regulator this week launched emergency risk assessments of lenders’ new business practices, sources told Reuters, as Beijing deepens its crackdown on shadow banking. Guo Shuqing, the newly-installed chairman of the…
U.S. and China reach deals on access for beef, financial services
The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary…
China Rapid Finance Unveils Full Exercise of Underwriters’ Option For the Purchase of Additional ADSs
On Thursday, peer-to-peer lender China Rapid Finance (NYSE: XRF) that the underwriters of its previously announced initial public offering (IPO) have exercised in full the option to purchase an additional 1.5 million American depositary shares…
Use local currencies in China's Silk Road initiative for financial stability – central bank officials
SHANGHAI The use of local currencies instead of the U.S. dollar or other major currencies in China’s Belt and Road initiative will help to ensure financial stability, officials at China’s central bank said this week.…
China Rapid Finance Announces Full Exercise of Underwriters' Option to Purchase Additional ADSs
SHANGHAI, May 11, 2017 /PRNewswire/ — China Rapid Finance Limited (“China Rapid Finance”) (NYSE: XRF) today announced that the underwriters of its previously announced initial public offering have exercised in full the option to purchase…
BRIEF-China Development Bank Financial Leasing enters into finance lease agreement
* Company (as lessor) entered into finance lease agreement with lessee * Lease assets are certain road assets in Sichuan province * Lessee has agreed to transfer and/or register leased assets under name of lessor…
ICBC leads in finance projects on trade routes
The Industrial and Commercial Bank of China, the world’s biggest bank by assets, is taking the lead in promoting cooperation among a wide range of international financial institutions in financing projects under the Belt and…
