Chinese banks need more capital
By Samuel Shen and Edmund Klamann
SHANGHAI, Dec 21 (Reuters) – Chinese banks may need to raise about 500 billion yuan ($73 billion) from the capital markets next year as rapidly expanding loans weaken their financial strength, a senior banking regulator said, marking the first official estimate of banks’ near-term fund-raising. (more…)
LONDON, Dec 4 (Reuters) – A United Nations climate panel has blocked carbon financing for around ten Chinese wind farms on Friday over concerns that they are financially viable without receiving carbon offsets, the panel said.
By Faith Hung
TAIPEI, Nov 16 (Reuters) – Taiwan has signed a financial service pact with China, the Taiwan government said on Monday, allowing its banks to tap China’s massive market and paving the way for banks on both sides to invest in each other.
By Hua Zhong
SHANGHAI, Nov 12 (Reuters) – China’s State Administration of Taxation is seeking suggestions from the industry on standardising the basis of different types of bond trading on how they will be taxed, which may dampen trading activity, several sources told Reuters. (more…)
By Caren Bohan and Alister Bull
WASHINGTON, Nov 9 (Reuters) – U.S. President Barack Obama said on Monday he plans to raise the issue of the yuan currency with Chinese officials when he meets with them in Beijing next week.
GENEVA, Nov 2 (Reuters) – China has no plans to increase the limits on foreign ownership of Chinese banks, Chinese officials told trading partners at the World Trade Organisation on Monday.The United States, Japan and the European Union questioned China on the limits and on other banking, insurance and securities issues at the WTO’s committee on trade in financial services, according to participants in the meeting.
SANTA BARBARA, Calif., Oct 19 (Reuters) – Federal Reserve Chairman Ben Bernanke on Monday said that the performance of the dollar and the U.S. economy will depend on the government’s success in controlling the country’s budget deficit.
BEIJING, Oct 13 (Reuters) – China will allow partnership enterprises to invest in stocks as part of efforts to expand its capital markets, according to draft rules published by the securities regulator on Tuesday.
BRUSSELS, Oct 9 (Reuters) – China’s economic recovery is not yet on a solid footing so the country will carry on with its fiscal stimulus for now, Chinese Vice President Xi Jinping said on Friday.
Speaking at an economic seminar during a visit to Belgium, Xi forecast that a return to growth across the world would be slow and gradual. (more…)
By Simon Rabinovitch and David Lawder
ISTANBUL, Oct 6 (Reuters) – The IMF needs to fix “intrinsic defects” in the world’s monetary system, China said on Tuesday as officials from around the globe wrestled with how best to ward off future financial crises.
