Tag: China

March 26, 2018

Bank of America Corp. (BAC) and other financial-company stocks rebounded from their worst week in two years, as concerns eased that the U.S. might face a full-blown trade war with China, the world’s second-largest economy. The PowerShares KBW Bank Portfolio […]

March 12, 2018

China is one of the economies most at risk of a banking crisis, according to the Bank of International Settlements, which published its quarterly review on Sunday. The report, which included a study on the early signs of a banking […]

July 22, 2016

China will not allow conglomerates to use their insurance arms as financing platforms, the sector regulator said, in an apparent warning to companies in a rare and high-profile takeover battle involving insurers. Baoneng, using its two insurance units as funding […]

May 20, 2016

China’s primary money rates were down on the week as central bank open market injections kept liquidity abundant, but investors sold off treasuries after April lending data released a week ago suggested authorities may have begun paring back on large scale monetary easing. […]

May 12, 2016

China will take steps to open more sectors to private investment, a spokesman for the state planner told a press conference on Thursday. Read More on Reuters

March 30, 2016

Samsung Electronics and China UnionPay (CUP) have launched the mobile payment service Samsung Pay in China. The South Korean firm joins Apple in entering the country, as the US giant launched its mobile payment system in China last month. That […]

March 30, 2016

Swift has signed a memorandum of understanding (MoU) with China International Payment Service (CIPS Co.) to develop China’s cross-border payments infrastructure. The agreement sets out plans to use Swift to connect China’s Cross-border Interbank Payment System (CIPS) with its global […]

February 29, 2016

Citigroup Inc. has reached a deal to sell its $3 billion stake in China Guangfa Bank to China Life Insurance Co., according to people familiar with the matter. The New York-based bank C, -0.35%   is offloading the 20% stake […]

February 16, 2016

As Chinese markets vacillated one day last month, Zhang Jie stood in a stock-trading hall and did the natural thing: She danced a stiff-armed shimmy reminiscent of the Macarena. Read More on Market Watch

January 21, 2016

China’s central bank wants to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply, the People’s Bank of China said on Wednesday. A PBOC research team set up […]

January 5, 2016

ONE of the many oddities of the topsy-turvy world of Chinese finance is that red is green and green is red. In most countries “going into the red” means losing money; stocks that are falling are often depicted in red […]

December 28, 2015

Deutsche Bank is to sell its stake in the Chinese lender Hua Xia for up to €3.7bn ($4 billion) as Germany’s biggest bank steps up efforts to strengthen its balance sheet under John Cryan. Regulators around the world have been […]