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Financial opening set to benefit renminbi

China will promote financial market opening-up at an institutional level comprehensively as part of its steady efforts to boost the global use of the renminbi, the People's Bank of China, the country's central bank, said on Sunday.

time:
2022-10-10 08:00:00
views:
40295

First Abu Dhabi close to complete merging with Bank Audi Egypt

CEO of First Abu Dhabi Bank, Egypt, Mohamed Al-Fayed, said Sunday that the bank expects to complete the full integration of operations and systems with Bank Audi's unit in Egypt in the third week of next October.

time:
2022-10-09 08:00:00
views:
36885

Kenya woos Chinese capital flows to boost green agenda

Kenya is keen to attract Chinese capital flows in order to boost the country's green agenda, a governmental official said on Friday.

time:
2022-10-08 13:00:00
views:
63528

Forex reserves remain reasonable

The recent decline in China's foreign exchange reserves is still within a manageable range and will not alter the trend for the country's forex reserves to remain generally stable, experts said on Friday.

time:
2022-10-08 10:00:00
views:
55999

Forex reserves edge down in Sept

The amount marked a decline of $25.9 billion or 0.85 percent compared with the end of August, SAFE said in a statement.

time:
2022-10-07 10:00:00
views:
58968

Central bank set to boost market confidence

China's central bank is expected to prioritize stabilizing market confidence in the coming quarter, keeping monetary policy accommodative for economic recovery while fending off any rapid weakening of the renminbi against the dollar, experts said on Thursday.

time:
2022-09-30 10:00:00
views:
56567

Policy steps to stabilize fund inflows

China will resolutely implement policy measures to stabilize foreign investment, as part of the expansion of the high-level opening-up policy, officials and experts said on Sept 29.

time:
2022-09-30 08:00:00
views:
55483

22 policies in Shanghai to help boost market mood, keep recovery pace

The Shanghai municipal government has given a solid boost to market confidence by announcing 22 favorable policies on Wednesday, which will help maintain the strong momentum in economic recovery, local officials said.

time:
2022-09-29 15:00:00
views:
57797

Zambia's Konkola Copper Mines hires RMB to find new investor

Zambia's Konkola Copper Mines (KCM) has appointed Rand Merchant Bank (RMB) as financial advisor as the government searches for a new investor to expand the copper mine and smelter, the company's state-appointed provisional liquidator said on Wednesday.

time:
2022-09-30 20:00:00
views:
28041

FCA announces review of the advice boundary for financial services

In a speech today, Sarah Pritchard, executive director of markets at the FCA, said: "We want to carry out a holistic review of the boundary between advice and guidance so we can understand how to reduce the regulatory burden while continuing to provide the right level of consumer protection.

time:
2022-09-28 10:00:00
views:
44736

New fund to strengthen financial safety net, smooth market slumps

China's national financial stability fund has accumulated a certain amount of capital with its initial framework established, marking a critical step for the country to strengthen its financial safety net against rising global financial fragility, experts said on Tuesday.

time:
2022-09-28 10:00:00
views:
50528

China on growth path despite difficulties

China still has huge economic growth potential in the coming years despite short-term disruptions from the COVID-19 pandemic, said Takehiko Nakao, former president of the Asian Development Bank.

time:
2022-09-27 10:00:00
views:
54593

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