HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquarters in Beijing, China. Liu Jin, vice chairman and president of Bank of China, …
Tagged By financials
Agricultural Bank of China sees outstanding inclusive loan increase
BEIJING, Nov. 18 (Xinhua) — Agricultural Bank of China, one of the country’s four big state-owned lenders, saw its balance of inclusive loans reach 3.55 trillion yuan (about 495 billion U.S. dollars) …
Finance chief Paul Chan updates Chinese President Xi Jinping on Hong Kong’s situation at Apec summit
I mentioned that since the new government took office, strengthening the economy and improving people’s livelihood have been our top priorities,’ minister says.
China vows to support property sector, tackle local debt
China’s central bank and financial regulators pledged on Friday to ensure financing support for the property sector and to work together to resolve local government debt risks.
Lockbit Gang Hacks Into Another US Financial Firm, Threatens to Dump Data
The criminal ransomware gang behind the recent attack on the Industrial & Commercial Bank of China Ltd. has claimed responsibility for another hack on a US financial firm.
Promoting high-level financial opening-up while ensuring China’s national financial security
The central financial work conference held in Beijing in October called for accelerating the building of the nation with a strong financial sector, elevating the importance of financial work in …
Linklogis Hosts Industry-Finance Treasury Forum in Beijing
The development of treasury systems is increasingly seen as a key method for state-owned enterprises to deepen reforms and strive towards becoming world-class enterprises. The Industry-Finance …
Ransomware attack on Chinese bank highlights fragility of the $33.7 trillion Treasury market
A ransomware attack hit China’s biggest bank, the Industrial and Commercial Bank of China (ICBC) on Thursday, preventing it from settling some trades in U.S. Treasuries. News of the attack riled some …
China sovereign bond yields may fall to record lows next year on looser policies and easing of foreign outflows: analysts
Expectations are growing the People’s Bank of China will cut benchmark rates to fuel credit demand next year Foreign investor selling, a headwind that has weighed on China’s government bonds, could …
China asks some lenders to cap interbank financing costs – sources
China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the rising short-term yields …
China Expected to Keep Key Lending Rates Unchanged Next Week
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, after the central bank kept medium-term interbank rates steady and …
China’s proposed rules applying to audit papers raise questions over role of Hong Kong, big-four accounting firms
Tighter-than-expected rules about location of data cast doubt on Hong Kong serving as neutral ground for inspection of Chinese firms’ audit materials ‘Investors in China should accept that certain …
China’s 2023 GDP forecasts twisted and turned as prognosticators puzzled over country’s future
Institutions publishing predictions of China’s economic growth had to alter their estimates … in bonds for this year to finance major construction projects. Earlier in the year, the Economist …
