Search Results for: china
China suspends forex business for some foreign banks: sources
December 30th, 2015
China’s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March, three sources who had seen the suspension notices told Reuters on Wednesday. Included among the suspended services are ...
China central bank details rules on online payment
December 29th, 2015
China’s central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name registration for all non-bank payment ...
Traders in China and Hong Kong Paying $920,000 to Settle Insider Trading Case
December 29th, 2015
The Securities and Exchange Commission today announced that two traders in China and Hong Kong have agreed to pay more than $920,000 to settle an insider trading case against them. Cousins and business associates Zhichen Zhou and Yannan Liu, ...
China central bank says to keep reasonable credit growth, yuan stable
December 28th, 2015
China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. The People’s Bank of China will keep the yuan basically stable while forging ...
UAE, China agree to set up RMB clearing hub
December 28th, 2015
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi (People’s money), local UAE media reported on Sunday. The UAE clearing hub for the Chinese ...
China Antiterror Law Doesn’t Require Encryption Code Handovers
December 28th, 2015
But law passed by rubber-stamp parliament Sunday still raises concerns about its scope and impact China passed a new antiterrorism law that stepped back from previous language of concern to global technology firms, but which still raises questions about ...
China fines global shippers on price-fixing charges
December 28th, 2015
China fined seven foreign shipping companies that carry vehicles for automakers a total of $65 million on price-fixing charges Monday in its latest effort to end anti-competitive behavior in the auto industry. Investigators found Europe’s Wallenius Wilhelmsen, South Korea’s ...
China Unveils Economic Blueprint for 2016
December 22nd, 2015
Chinese leaders approved an economic blueprint for next year that emphasizes tackling long-term problems and reflects a realization that debt and investment can no longer power the world’s second-largest economy. The plan, laid out at a closed-door conclave of ...
On the signing of the Memorandum of Understanding on Cooperation between the Central Bank of the Russian Federation and the People’s Bank of China
December 21st, 2015
Heads of governments of Russia and China during their 20th Meeting, held in Beijing on December 17, 2015, welcomed the signing of the Memorandum of Understanding by Governor of the Bank of Russia, Ms. Elvira Nabiullina, and Governor of ...
Asian Shares Mixed, Falling in Japan But Rising in China
December 21st, 2015
Japan faced worries over the future of quantitative easing, while Property and Brokerage shares surged in China Shares in Japan fell Monday amid worries that the central bank will be reluctant to expand its easing program in the coming ...
