DHAKA, Aug. 3 (Xinhua) — The Asian Development Bank (ADB) has mobilized 261 million U.S. dollars of private sector capital for a new expressway that will ease traffic congestion and provide better co
Tag: Banking
China establishes national financial regulatory administration
BEIJING, May 18 (Xinhua) — The National Administration of Financial Regulation (NAFR) was officially set up on Thursday as China\’s new financial regulator, marking an important step in the country\’s
China\’s central bank injects liquidity into market in April
BEIJING, May 4 (Xinhua) — China\’s central bank pumped cash into the money market in April to meet liquidity demand from financial institutions.
A total of 170 billion yuan (about 24.62 billion U.S. d
Latest signs of China-Australia \”thawing\” ties make headlines on Aussie major media
Photo taken on Dec. 22, 2016, shows the morning scenery of the Tiananmen Square in Beijing, capital of China. (Xinhua/Li He)
Australian business delegation\’s visit to China sends a clear signal to Chi
China, India \”two exceptions\” to global slowdown this year: World Bank chief
WASHINGTON, April 10 (Xinhua) — China and India are \”two exceptions to the slowdown\” that the global economy is expected to experience this year, World Bank Group President David Malpass has said.
Ma
China\’s insurance assets register stable growth in February
BEIJING, April 2 (Xinhua) — The total assets of China\’s insurance sector amounted to 27.91 trillion yuan (4.06 trillion U.S. dollars) at the end of February, official data has said.
The figure increa
U.S. Fed rate hikes create a domino effect
Cartoon by Ma HongliangThe recent collapse of the Silicon Valley Bank in the U.S. triggered turmoil in financial markets and led to spillover effects in the European banking system. The share prices o
Commentary: America\’s democracy is too sick to serve
BEIJING, March 29 (Xinhua) — The United States always loves to brand itself as the \”beacon of democracy,\” but it is increasingly difficult for the American people to achieve their own interests.Democ
Interview: China presents attractive opportunities for foreign firms, investors, says banker
This aerial photo taken on March 13, 2023 shows a container terminal of Taicang Port, east China\’s Jiangsu Province. (Xinhua/Li Bo)Looking back to 2022, China and Asian markets have shown strong resil
UBS to buy Credit Suisse: Swiss gov\’t
Photo taken on March 16, 2023 shows a signage of Credit Suisse in Geneva, Switzerland. (Xinhua/Lian Yi)Swiss National Bank (SNB) will provide substantial liquidity assistance to support UBS\’s takeover