China News News China » Finance: China pulls in big tobacco to help with smaller-than-expected finance-industry capital injections
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
News China » Finance: China targets financial stability with $54 billion state insurer capital boost
China’s Ministry of Finance will spearhead a combined $54 billion capital injection into state-owned insurers, with the move aimed at strengthening capital across the country’s financial system. The ...
News China » Finance: China to pump $54 billion into state banks, insurers in capital-boosting push
BEIJING, Sept 6 (Reuters) - China's finance ministry will inject a combined $54 billion into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up ...
News China » Finance: China enlists Big Tobacco to boost finance-industry capital injections
China taps its state cigarette monopoly to inject CNY 60 billion into ICBC and ABC as part of a $38.7 billion capital raise for state-owned ...
News China » Finance: China Injects $45 Billion in Banks, Insurers to Boost Growth
Agricultural Bank of China Ltd. plans to raise up to 160 billion yuan ($23.8 billion), while Industrial & Commercial Bank of China Ltd. is targeting 100 billion yuan in separate A-share private ...
News China » Finance: China tries to look past the property slump
When the property crisis struck, many companies lacked the cash to finish pre-sold flats. Evergrande’s own backlog has taken five years to clear. The chief choreographer of this excess, Hui Ka Yan, ...
News China » Finance: U.S., China sign agreement to cooperate on financial stability
The U.S. and China have signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday. The agreement was part of a meeting of the U.S.-China Financial ...
News China » Finance: China’s Fang Xinghai Probe Pushes Finance Cases to Over 400
China’s investigation into former securities regulator Fang Xinghai has pushed the number of financial-sector officials and executives ensnared in the country’s anti-corruption campaign to more than ...
News China » Finance: China’s Draft Financial Law and Key Regulatory Insights
China’s move toward a comprehensive Financial Law has developed quickly over several years. The concept was first officially proposed at the Third Plenary Session of the 20th Party Central Committee ...
News China » Finance: China under pressure over trade at G20 finance meetings
Exports from the world’s second-largest economy have surged in recent months, drawing the ire of competitors frustrated at low prices.
News China » Finance: US-China financial working group seek to 'strengthen' cooperation in times of stress
Senior finance officials from China and the United States agreed to carry out timely communication in times of financial stress to reduce uncertainty during a two-day meeting in Shanghai last week. On ...
News China » Finance: China’s ambitions can drive Asia’s green finance collaboration
China is leading Asia’s green finance expansion, seemingly recognising the urgent need to mitigate climate risks through financial mechanisms. China continues to expand green finance policies, ...