Search Results for: Bank of China
China manufacturing growth slows
November 3rd, 2014
Growth in China’s manufacturing sector slowed in October, an official survey suggests, reinforcing concerns about a slowdown in the wider economy. The country’s Purchasing Managers Index (PMI) fell to a lower-than-expected 50.8, from 51.1 in the previous month. Any ...
China can cut 2015 GDP growth target to seven percent
October 29th, 2014
China can cut its economic growth target to 7 percent next year without hurting its labor market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives. At its thrice-yearly review ...
China Credit Growth Climbs as Targeted Easing Kicks In
October 16th, 2014
China’s broadest measure of new credit rose to a three-month high in September as the central bank’s targeted measures to boost liquidity helped spur lending. Aggregate financing was 1.05 trillion yuan ($171 billion), the People’s Bank of China said ...
China Approves Brokerages to Start HK-Shanghai Trading
October 15th, 2014
China approved brokerages including Central China Securities Co. (1375) to offer trading services that pave the way for the start of a program allowing investors in Shanghai and Hong Kong access to each other’s stock markets. Central China shares ...
TRADOLOGIC expands and updates its services in China
October 8th, 2014
TRADOLOGIC, the well-known binary options software provider, has a strong new force in the face of the new Business Development Manager for Asia, Slavena Savcheva. Ms. Savcheva recently joined TRADOLOGIC as a very perspective professional who will be in ...
China opts for currency push
October 8th, 2014
Asia giant wants to make the renminbi part of an ubiquitous monetary unit used in official transactions around the world. China is bidding to enter the heart of global finance by establishing its currency, the renminbi, as part of ...
China to Impose Quota on Local Government Debt Amid Risks
October 2nd, 2014
China announced plans to cap the amount of debt local governments can take on and ban them from additional borrowing through financing vehicles as authorities step up efforts to control risks to the financial system. All borrowing by provinces ...
China uncovers $10bn fake trading of finance companies
September 26th, 2014
China has uncovered $10bn (£6.1bn) worth of fake trades as part of a nationwide crackdown on finance companies. The currency regulator said 15 fraud cases had been handed over to the police for prosecution. Companies sometimes falsify transactions as ...
China Watchdog Finds $10 Billion in Fake Currency Trade
September 25th, 2014
China uncovered almost $10 billion in fraudulent currency trade nationwide as part of an investigation begun in April last year, including many irregularities in the port of Qingdao, the country’s currency regulator said today. Companies “faked, forged and illegally ...
China Manufacturing Rebounds
September 23rd, 2014
A Chinese manufacturing gauge unexpectedly increased this month, suggesting export demand is helping the economy withstand a property slump. The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 50.5, matching the highest estimates in ...
