China’s signal of a pivot to all-out stimulus policies has injected a dose of optimism into the nation’s US$10 trillion stock market, where a rebound had showed signs of stalling. The strong policy messaging rippled through Chinese assets across the board, with both stocks and bonds rallying while the yuan strengthened, tentatively halting its depreciation…
China’s Vice-Premier He Lifeng, the government’s top man on the financial industry, is scheduled to lead a delegation of senior bankers and officials to Hong Kong next week for the third annual conference of global financiers, according to sources familiar with the plans. He is expected to lead a contingent comprising the heads of China’s…
HONG KONG (Reuters) – China has approved two more insurance units to be set up by BNP Paribas and Prudential Financial in a move to further open up the local insurance market to foreign companies. China’s National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP Paribas and Volkswagen Financial…