KUALA LUMPUR: Beijing-based Asian Infrastructure Investment Bank (AIIB) is enthusiastic to finance huge infrastructure projects in Malaysia, including the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, said Second Secretary of Chinese Embassy here ... ( read original story ...)
China Finance Online Reports Fourth Quarter and Full Year 2017 Unaudited Financial Results
BEIJING, April 18, 2018 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with online ... ( read original story ...)
China is getting better at fracking, the technology that sparked the US natural gas boom
But China's national oil companies still have plenty of ground to cover before they even approximate the level of success America's shale pioneers have achieved, reports energy research firm Wood Mackenzie. Over the last decade, China's natural gas ... ( read original story ...)
More China bank reserve cuts on the cards as PBOC seeks to prevent slowdown
BEIJING (Reuters) - The unexpected decision by China’s central bank to cut the amount of cash that lenders must keep in reserves is unlikely to be its last such move given the growing concerns about a possible trade war with the United States, economists ... ( read original story ...)
Senior bank regulatory official to be named China Huarong chairman: sources
BEIJING (Reuters) - A senior official at China’s banking regulator is set to be named chairman of China Huarong Asset Management Co Ltd (2799.HK), replacing the former head who is under investigation for alleged corruption, two people with knowledge of ... ( read original story ...)
HK stocks end higher as China’s RRR cut aids financial shares
April 18 (Reuters) - Hong Kong stocks rose on Wednesday, breaking a four-day losing streak, as China’s surprise cut in banks’ reserve requirement ratios buoyed financial shares. ** The Hang Seng index rose 0.7 percent, to 30,284.25, while the China ... ( read original story ...)
Asian development bank will help lure infrastructure cash to Canada: president
The Beijing-based multilateral development bank will bring a number of economic benefits to Canada and lift the international profile of the Trudeau government's own $35-billion infrastructure bank among investors, Jin Liqun said in an interview. ( read original story ...)
China central bank cuts reserve requirement by 100 bps for most banks
China's central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium term lending facility. The move is aimed at freeing up funding for small firms. The ... ( read original story ...)
Central bank moves to cut lenders’ funding costs
China's central bank announced a cut in some financial institutions' reserved cash amount by 1 percentage point from April 25 to support small and micro enterprises and stabilize liquidity in the banking system, according to a statement on its website ... ( read original story ...)
China stocks open higher after surprise RRR cut
SHANGHAI, April 18 (Reuters) - China stocks opened about 1 percent higher, led by the financial sector, after the central bank said it would cut banks’ reserve requirements in a surprise move seen as supporting lender profits. China’s blue-chip CSI300 ... ( read original story ...)