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SHANGHAI/BEIJING (Reuters) - China's central bank will probably have to respond to an expected U.S. interest rate rise at a particularly sensitive time later this month. Zhou Xiaochuan, the long-serving People's Bank of China (PBOC) governor, is widely expected to be replaced during the annual meeting of China's parliament, which started in Beijing on Monday. The U.S. Federal Reserve's rate decision will be made public on March 21, a day after parliament is slated to end, leaving Zhou's successor a weighty first assignment.
Turkey has mandated Bank of China, HSBC and ICBC to explore bond issuance opportunities in China's panda market, the Turkish Treasury said on Wednesday. The Treasury mandated the institutions as part of ...
LONDON/FRANKFURT (Reuters) - Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say. The preliminary interest by two of China's leading lenders follows a wider push by Chinese companies to scoop up assets in Europe, especially in Germany. In December, sources told Reuters that German cooperative lender DZ Bank was moving ahead with plans to sell its subsidiary DVB, which finances ships, aircraft, offshore oil rigs and the rail industry.
China's banking regulator said on Saturday that it had fined 12 Chinese lenders after uncovering illegal trading of 7.9 billion yuan ($1.25 billion) of bank bills. The fraud has "severally disrupted market order", and showed the lack of internal controls and poor compliance at the institutions involved, the China Banking Regulatory Commission (CBRC) said in a statement on its website. In its statement, the CBRC did not identify the issuer of the bills and did not say what was illegal about the trading.
Jan 24 (Reuters) - Bank Of China Ltd: * SAYS EXECUTIVE DIRECTOR, DEPUTY HEAD OF THE BANK GAO YINGXIN RESIGNS DUE TO CHANGE IN JOB ROLE Source text in Chinese: http://bit.ly/2F8bpH2 Further company coverage: ...
The head of the aviation leasing arm of China Development Bank said on Tuesday that HNA Group has solid airline operations and it would serve nobody's interest to see the group collapse. "CDB has the highest exposure of anyone in this case, so we are involved in discussing with them," CEO Peter Chang told the Airline Economics conference in Dublin.
The U.S. dollar took a harsh beating in 2017, on the way to its nearly 10 percent fall, its worst annual performance since 2003. The dollar index, which measures the greenback against a basket of major currencies, recently fell to a three-year low. Moves by central banks around the world toward monetary policy normalization, increased political uncertainty in the United States and the dearth of volatility across markets have hurt the greenback.
Jan 19 (Reuters) - Bank of China Ltd: * SAYS BOARD APPROVES TO PAY DIVIDENDS FOR PREFERENCE SHARES FOR 1.54 BILLION YUAN ($240.72 million) Source text in Chinese: http://bit.ly/2FVAuGy Further company ...
The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.
Dec 26 (Reuters) - Postal Savings Bank Of China Co Ltd : * CHINA BANKING REGULATORY COMMISSION APPROVED QUALIFICATION OF LIU YUE AS NON-EXECUTIVE DIRECTOR OF BANK Source text for Eikon: Further company ...
LONDON, Dec (Shanghai: 600875.SS - news) 18 (Reuters) - This morning's swearing-in of Austria's newly-formed coalition means the far-right now wield power in the national government of a western European state (they already do in one eastern European government, that of Bulgaria). True, conservative chancellor-to-be Sebastian Kurz has stipulated that his alliance with the Freedom Party (FPO) will not seek to leave the European Union outright, and most contacts between Vienna and Brussels will still go through his office. When the FPO last entered government in 2000, other EU countries imposed sanctions on Vienna in protest.
TOKYO, Dec (Shanghai: 600875.SS - news) 14 (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields.
SHANGHAI/BEIJING (Reuters) - Speculation is growing that China's central bank will wield a liquidity management tool twice this month for the first time since March, and that has some traders feeling Beijing might tighten policy soon after this week's Federal Reserve meeting. The tool is the medium-term lending facility (MLF). Ten months ago, when the People's Bank of China (PBOC) last made two such injections, it followed the Fed's March lead and hiked its short- and medium-term target rates.
The International Monetary Fund (IMF) has warned of risks brewing in China's financial system amid ballooning debt. Stress tests covering 33 lenders in the world's second-biggest economy showed a number would fall short of the capital they ought to hold in the event of a severe downturn scenario. The IMF said the growth in credit held by companies and households had outpaced that of the wider economy and the ratio of credit to GDP was now "very high by international standards and consistent with a high probability of financial distress".
The reason is simply that they would not have time to prepare next week's EU summit and make sure all national capitals are behind the so-called draft guidelines for what would be the trade negotiations. Andrej Babis, the anti-establishment tycoon whose business connections have led to comparisons with Silvio Berlusconi and even Donald Trump, is due to be appointed Czech prime minister today.
China's central bank said late on Friday that it will maintain a prudent and neutral monetary policy and keep liquidity conditions stable, as it seeks to fend off systemic risks in the world's second-largest economy. The People's Bank of China (PBOC) will also keep the yuan stable while increasing the currency's two-way flexibility, it said in its third-quarter monetary policy implementation report.
US President Donald Trump (L) gestures next to China's President Xi Jinping during a business leaders event at the Great Hall of the People in Beijing on November 9, 2017
Nov 6 (Reuters) - Bank of China Ltd- * Potential restructuring in asean region * As transferor entered agreement regarding transfer of banking businesses operated by bank in Vietnam * As transferor, enters ...
SHANGHAI (Reuters) - China's central bank will inject 250 billion yuan ($37.66 billion) into money markets on Tuesday, traders said. The People's Bank of China (PBOC) is injecting 130 billion yuan through ...
China has hired 10 banks including Agricultural Bank of China Bank of Communications, and Citigroup for its $2 billion dollar-denominated sovereign bond issue, according to an internal bank memo seen by Reuters on Friday. Bank of China, China Construction Bank, China International Capital Corp, and Industrial and Commercial bank of China will also be working on the transaction.