China's central bank on Saturday welcomed the ratification of the 2010 quota and governance reforms of the International Monetary Fund (IMF) by the U.S. Congress on Dec. 18, 2015. "Such approval means that the 2010 reforms, after ...
Tags: Ratification, IMF Quota Reform
China has granted a 50 billion yuan (7.8 billion U.S. dollars) investment quota to Thailand under the Renminbi Qualified Foreign Institutional Investor (RQFII) pilot program, China's central bank said Thursday. The decision, part of ...
Tags: RQFII, financial cooperation
Volunteers of the second World Internet Conference are shown wearing Chinese style blue coats while debuting at Wuzhen, east China's Zhejiang Province. These volunteers will serve the conference from December 16-18. [Photo: Imagine China] ...
South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...
Tags: Everbright Bank, foreign banks
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
Experts and insiders say with the industry booming in China, the country's plan to modernize its financial services may have just entered a golden era. [Photo: nipic.com] Internet finance has become a hot topic at the ongoing World ...
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
Listed lenders from China may see zero or negligible profit growth next year, with some likely to incur marginal losses, a new report said on Monday. The nonperforming loans ratio, which measures bad loans as a percentage of total loans, ...
Tags: Uneasy Outlook, loans ratio
On November 2, the State Council held the TV and Telephone National Conference on Promoting the Domestic Trade Circulation Modernization in Beijing. It arranged the work of implementing the Opinions on Promoting the Domestic Trade ...
Reuters recently broke Go Scale Capital’s US $1.93 billion loan to acquire Lumileds and former Philips automotive lighting business. The loan will mostly be used to merge with the $2.8 billion financing to acquire 80% of Lumileds ...
Tags: Philips, automotive lighting
Touch panel maker TPK has announced net loss of NT$19.4 billion (US$600 million), or loss per share of NT$55.15 for the third quarter of 2015. The operating loss was primarily attributable to one-off asset impairment charges on ...
Tags: 3Q15, loss, touch panel, TPK
A performer practices crying out his wares as a street vendor at Badachu Park on Feb 9. (Source: China Daily/ Li Jundong) Despite more and more young people turning their back on tradition, temple fairs remain a favorite event during ...
People queued in front of a bank to obtain new commemorative coins in Beijing, Oct 12, 2015. A set of commemorative coins has been issued by People's Bank of China to mark the 70th anniversary of victory in the Chinese people's War of ...
Tags: Coins, 70th anniversary, Anti-Fascist War
The Second Meeting of the Coordination Working Team of the China-Belarus Industrial Park was held in Beijing on the afternoon of December 22. Chinese Representative of International Trade Negotiations and Vice Minister of Commerce Zhong ...
Tags: China-Belarus Industrial Park, enterprises, financial organizations