Reforms of the exchange rate and interest rates should be well-planned across the nation and could not be piloted on a limited scale
Hu Chi pointed out that China should worry more about the economic restructuring rather than growth in the following decade.
A big Chinese state-owned bank extended more than 40 billion yuan in a single week in late May, accompanied by calls and speculations of more easing following weaker economic data in April.
Japan’s Kyodo news said that the yuan-yen direct trade will save about 3billion dollars in trading cost for both China and Japan
The Treasury Department has given the People’s Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011
37 foreign institutions are applying for additional 12.5 billion U.S. dollars in investment quota under the QFII scheme
China’s central bank announced today that it has approved a piloting program in Lishui to reform rural financial sectors by allowing more private capital into the area
China’s banking regulator said it has no plan to adjust the loan-to-deposit ratio for banks, which stands at 75 percent currently
China’s funds outstanding for foreign exchange reserves declined for the first time in the year in April, largely driven by capital outflows
China’s biggest four banks have posted nearly zero growth in new loans for the first two weeks of May, extending the country’s weak credit growth last month
The U.S. Securities and Exchange Commission charged China Natural Gas Inc. (CHNG) and its chairman and former chief executive, Ji Qin’an, with fraud by concealing loans designed to benefit his family.
Chinese insurers now can buy exchange-traded unsecured corporate bonds issued via a bookbuild, debt financing vehicles for non-financial companies, and unsecured convertible corporate bonds issued by commercial
The CSRC isn’t considering offering hedge funds, widely criticized for stoking volatility in markets, direct access to China’s markets
About 100 debt-ridden business owners in the city fled in the wake of a credit crunch that has cut off the only source of funding for many private companies last November
The municipal government of Chongqing in southwest China has rolled out trial plans to expand financing channels for microlenders, or micro-credit companies.
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