Ford Automotive Finance China, a subsidiary of the Ford Motor Credit Company, has completed its first asset-backed securitization (ABS) in China to support the financing of Ford-brand vehicle sales Ford Automotive Finance (China) is the ...
Tags: Ford, Asset-Backed Securitization
Chinese steelmaker Shandong Iron and Steel Group (Shandong Steel) has announced that on May 16 it plans to issue short-term bonds worth RMB 300 million ($49 million) for a term of 365 days, in its third short-term bond issue in the current ...
Tags: Shandong Steel, Iron, Steel
Despite a recent recovery in London Metal Exchange copper prices, market analysts were still bearish this week on the metal's price for the rest of this year, based on factors such as a surge in supply and a weak Chinese construction ...
Tags: copper, copper prices
Starting Monday the value of the renminbi will be allowed to fluctuate 2% above or below a daily reference rate set by the People’s Bank of China. Widening the band, which had a 1% range in both directions since April 2012, was a ...
Tags: Yuan Trading Band, central bank
The coal industry in North China's Shanxi province faces mounting pressure to get financing amid slumping coal prices and increasing debts, as experts call for greater freedom for non-governmental financial institutions. "The performance ...
Tags: Coal Industry, coal prices, non-governmental financial institutions
Sichuan Province-based Chinese steelmaker Panzhihua Iron and Steel Co. (Pangang Group) has announced that it plans to issue short-term bonds worth a total of RMB 3 billion ($483.9 million) on March 4. This will be the company's first ...
Shandong Province-based Chinese plate producer Shandong Kerui Steel Plate Co., Ltd has announced that it plans to issue short-term bonds worth a total value of RMB 400 million ($66.18 million) on January 20, for a term of 365 days. This ...
Shanxi Province-based Chinese stainless steel producer Taigang Stainless Steel Co., a subsidiary of Taiyuan Iron and Steel (Group) Co. (TISCO), has announced that it plans to issue short-term bonds worth RMB 2.5 billion ($408 million) on ...
Tags: Taigang Stainless, Mineral
The yuan is expeceted to become one of the major global settlemet, payment, trading and reserve currencies in the next 15 to 20 years. According to the presiden of the Bank of China, the total volume of yuan-denominated, cross-border trade ...
Tags: Service, Yuan, Reserve Currency
China's yuan has overtaken the euro to become the second most-used currency in international trade finance. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) said the market share of the yuan, also known as the ...
Bank of China and three other mainland banks on Tuesday issued yuan bonds worth RMB6.7b in Taiwan, a move that could give a boost to Taiwan's offshore yuan market. So far the yuan deposits in Taiwan have reached more than RMB120b. ...
Tags: taiwan, economy, Offshore Yuan Market
The price of bitcoins may be soaring, but China isn’t too thrilled with the virtual currency. On Thursday, it moved to regulate use of bitcoins, stating that its financial institutions could not deal in the virtual currency. ...
Tags: bitcoins, usage, investment
When a Chinese engineering firm sets off to build a road or a dam in a distant country, a Chinese bank is usually not far behind them. Bank branches bearing Chinese characters can be found on the streets of Lima and Warsaw, as well as Paris ...
China New Borun Corporation (NYSE: BORN; "Borun" or the "Company"), a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the third quarter ended September 30, 2013. ...
Tags: China New Borun, Food
China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms. The central bank "will neither ...
Tags: Central Bank, Hands-off Policy