Chinese companies will soon be less dependent on stingy banks and a volatile market for financing thanks to new support policies in the financial leasing industry.
China is not the main cause of the current chaos in the global financial market. Problems in the West are more to blame.
The State Council, China's Cabinet, on Wednesday mapped out measures to accelerate development of financial leasing and make it better serve the real economy.
The People's Bank of China (PBOC), the central bank, announced on Tuesday a cut in the reserve requirement ratio (RRR) and lower key interest rates.
Chinese Internet finance players are having mixed feelings about a raft of new policies designed to regulate the rapidly growing sector.
Experts called on Chinese banks and financial institutions during a forum on Sunday to increase loans to aid investment in regions along the routes of the China-proposed Belt and Road Initiative.
A guideline for China's internet finance drafted by the central bank and other financial regulators will soon be released, said a central bank official on Sunday at a Shanghai forum.
Eurogroup President Jeroen Dijsselbloem said on Saturday afternoon that 18 Eurogroup financial ministers have rejected Greece's request for an extension so that it could put the creditors' proposals to a popular vote on July 5.
The opening of Renminbi (RMB) clearing banks in Europe highlights the increasingly expected use of the RMB in the region and potential in global financial market, rating agency Dagong Europe said in a recent report.
The Vietnamese government will facilitate financial institutions to successfully invest in infrastructure project in Vietnam, said Vietnamese Deputy Prime Minister Vu Van Ninh on Thursday.
Risks to financial stability are moderated and not elevated at this point although the equity market valuations appeared "quite high" and some investors may be taking risks in pursuing high yields, Federal Reserve chair Janet Yellen said on Wednesday.
Australia's treasurer, Joe Hockey, announced on Tuesday a financial crime taskforce to fight tax dodgers and organized crime.
Financial stability risks have risen amid a moderate and uneven global economic recovery, and are harder to assess and address after they have rotated to parts of the financial system, the International Monetary Fund (IMF) warned Wednesday.
The cinema branch of property development titan Wanda Group reported stellar performance in 2014, boosted by China's rapidly growing movie sector.
The fear which the United States has been betraying for the China-proposed Asian Infrastructure Investment Bank (AIIB) is premature and Sinophobia, said an India-born expert at a Cambodia university.
Chinese Premier Li Keqiang on Monday asked the International Monetary Fund (IMF) to include the Chinese currency in the special drawing rights (SDR) basket.
Chinese securities regulator's recent comments that it was looking into allowing commercial banks to apply for securities brokerage licenses indicate the further slackening of barriers for financial services.
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