Writing off bad loans keeps them off balance sheets, but there are still risks to consider.
For all the brouhaha about currency manipulation, Beijing appears once again to be linking its yuan to the greenback.
An interview with the chairman of the Industrial and Commercial Bank of China.
Beijing's stimulus package is far better than Washington's.
China's new loans in March may amount to RMB 800 billion, the Shanghai Securities News reported, citing authoritative sources.Zhang Jianhua, director-general of the research bureau of the People's Bank of China (PBOC), said recently new loans during the past 20 days in March showed that there would be no...
China Securities Regulatory Commission (CSRC), the nation's securities watchdog, announced on Mar. 24 that the long-awaited Nasdaq-like growth enterprise board will be launched on May 1, and published a document spelling out the relevant requirements.The document contains details concerning the listing...
The Macao Special Administrative Region (SAR) experienced a rapid economic growth last year since its gross domestic product (GDP) grew 13.2% in real terms from the previous year to 171.8 billion patacas, said SAR's Statistics and Census Service (DSEC), on Friday....
China and Argentina have inked an RMB 70 billion worth of currency swap deal on Sunday, the official Xinhua News Agency reported.The agreement, the biggest ever financial deal between China and a Latin America country, will allow Argentina to use the Chinese currency Renminbi to import goods from China,...
Aluminum Corp of China (Chinalco), parent of China's largest aluminum producer Chalco<601600><2600><ACH>, said Friday that it has signed agreements with four Chinese banks which will provide a combined credit line of US$21 to fund its bid for Rio Tinto, the world third largest miner....
China Mobile Ltd<941><CHL>, the country's largest telecom operator, has been looking for partners to jointly bid for small amount of assets of South Africa's MTN Group Ltd, the South China Morning Post reported on Monday, citing unnamed sources.The Hong Kong-based newspaper said that China Mobile...