File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] The People’s Bank of China, the country’s central bank, has confirmed media reports that it …
Tagged By financials
China’s PBOC Readies Multibillion-Yuan Pool of Bonds to Sell by Tapping Major Banks
China’s central bank took the next step toward selling government bonds to cool a record-breaking rally, saying it now has “hundreds of billions” of yuan of the securities at its disposal through …
China on the brink of disastrous economic meltdown as government bonds tank
Experts fear a Chinese bond bubble could be about to burst in what would be a disastrous outcome for the economy.
China hands over lavish new presidential palace to Vanuatu, ahead of PM’s visit to Beijing
China has handed over a massive newly-built presidential palace to Vanuatu days before the Pacific nation’s prime minister is expected to visit Beijing.In a lavish ceremony in the capital Port Vila …
Law firm Dechert to close Chicago, Beijing, Hong Kong offices
U.S. law firm Dechert said on Wednesday that it will close its offices in Beijing, Hong Kong and Chicago later this year.
Economic Watch: Lower transaction fees set to boost international bank card usage in China
BEIJING, July 3 (Xinhua) — International bank card clearing institutions, such as Visa and Mastercard, have reduced transaction fees on overseas bank cards for Chinese merchants, a move expected to …
China to set annual salary cap on finance sector amid common prosperity push, sources say
The 3 million yuan (US$412,460) yuan annual salary limit will be applied to all state-backed financial institutions, sources say China plans to cap the annual salaries of financial workers at around 3 …
PM’s visit to China: Dhaka to seek $20b fresh loans from Beijing
Bangladesh will seek fresh loans amounting to $20 billion during Prime Minister Sheikh Hasina’s upcoming visit to China, which Beijing hopes would be a “game changer” in the bilateral relationship.
China Services Sector Gauge Shows Slowdown in Activity Growth
A private gauge of China’s services sector signaled the slowest pace of activity growth in eight months in June, reflecting the trend seen in official data. The Caixin services purchasing managers …
China Floats Private Creditors Role in Early Debt Rework Talks
China has proposed that private creditors take part in the early stages of debt restructuring talks for developing economies to speed up complex negotiations that are often mired in disagreements.Most …
Global investment banks cut jobs in China retreat
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Western financial institutions in China have cut their investment banking workforce by the most in …
China’s demand for loyalty creates jeopardy for its expats in US
The stories that matter on money and politics in the race for the White House China is demanding acts of loyalty from … at leading universities and corporations in the technology and finance sectors …
Taiwan bank giant downplays China risks, sees no tech ‘bubble’
One of Taiwan’s largest financial groups downplayed risks from the cross-strait relationship with China and said a surge in the local tech stocks driven by demand for artificial intelligence is …
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