Tag: financials

Wandering into the gated apartment complex 200 kilometres southeast of Beijing, I knew almost nothing about the man I was looking for. I knew his name, Xu Chang’an. I knew he had signed as a financial guarantor for his wife, Gui Fang Zhu, who lives in ... ( read original story ...)

Best known for its smartphones, Xiaomi will own around 30% of the new bank. The Chinese regulator is encouraging the launch of new banks. In 2014, the China Banking Regulatory Commission (CBRC) started handing out licenses to more private banks as ... ( read original story ...)

BEIJING, Dec. 30 (Xinhua) -- Historically, China's banking sector has been dominated by a few colossal state entities, but the tone has changed and market-oriented private banks are springing up in response to needs that state-owned dinosaurs are simply ... ( read original story ...)

China enhanced its ability to stabilise its currency, as the rising US dollar threatens to undermine its economy, by accelerating the flow of capital out of the country. China’s central bank is adjusting the mix of foreign currencies used in setting the ... ( read original story ...)

While inflation is showing signs of picking up in China along with economic activity, economists say there is no immediate pressure on the central bank to raise rates. BEIJING: Interest rates in China are already on an upward trend as the economy improves ... ( read original story ...)

BEIJING - China's banking industry recorded more external financial assets by the end of September compared with the second quarter, according to official figures. China's banking industry, excluding the central bank, reported external financial assets of ... ( read original story ...)

BEIJING Interest rates in China are already on an upward trend as the economy improves, People's Bank of China (PBOC) adviser Sheng Songcheng told Reuters in an interview. "The economy is improving...so interest rates and prices will move in a positive ... ( read original story ...)

"At present, China's economic and financial operations are generally stable, but the complexity of the situation cannot be underestimated," the People's Bank of China (PBOC) said. Bank lending is on pace to top 2015's record 11.71 trillion yuan ($1.7 ... ( read original story ...)

BEIJING China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world's second-largest economy. The moves could ease some frustration among foreign ... ( read original story ...)

BEIJING (Reuters) - Business confidence among entrepreneurs in China rose for the third straight quarter in October-December, according to a survey by the People's Bank of China published on Thursday. The entrepreneurs' confidence index rose to 54.2 ... ( read original story ...)