Tag: financials

Canadian banks have historically not been as big in the China sphere – panda bonds give you an onshore hedge, so it is really whether you need the RMB,” said Keith Pogson, a Hong Kong-based partner with EY. The Canadian bank said in a statement issued ... ( read original story ...)

BEIJING (Reuters) - China is actively pushing forward reforms on property taxes as it overhauls its fiscal system, Finance Minister Lou Jiwei said in written comments at a forum on fiscal policy in Beijing on Friday. China introduced an annual residential ... ( read original story ...)

Vice finance minister Zhu Guangyao said this week that China's debt is under control, but warned that challenges remain, while the IMF said in August that the country's debt load is unsustainable. Analysts are expecting new property curbs to have an impact ... ( read original story ...)

While you wait for the next interest-rate increase in the world’s largest economy, policy has quietly tightened in the second-biggest: China. The People’s Bank of China has allowed a steady increase in money market rates in recent weeks to squeeze ... ( read original story ...)

PETALING JAYA: China Construction Bank Corp (CCB), ranked as the world’s second-largest bank, has been granted a Malaysian commercial bank licence by the Minister of Finance. Bank Negara said the banking giant’s unit, China Construction Bank (Malaysia ... ( read original story ...)

Behold, the latest in Chinese financial innovation. That's a statement published this week by the National Association of Financial Market Institutional Investors. It heralds the start of trading, in China, of credit-default swaps (CDS), or derivatives ... ( read original story ...)

It said it would help Ascend grow online and offline payments and financial services business. However, a statement posted in June by China’s Ministry of Commerce said Ant Financial intended to buy a 20% stake in Ascend, with an option to increase its ... ( read original story ...)

even as it has stepped carefully to avoid repeating the huge stimulus package implemented in the global financial crisis, which saddled the economy with a pile of debt. China's debt has soared to 250 percent of gross domestic product from 150 percent a ... ( read original story ...)

BEIJING (Reuters) - China hopes Germany's recent security investigations into proposed acquisitions by Chinese companies are "an exception", a spokesman for the Ministry of Commerce said on Wednesday. Shen Danyang also said China hopes Germany can be calm ... ( read original story ...)

BEIJING: China's non-financial debt is estimated to be more than $22.7 trillion, accounting for 227.92 per cent of its GDP, a senior Chinese finance ministry official said today amid concerns it may spiral out control. "The IMF estimated China's non ... ( read original story ...)