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United States

Xiaowen Bi

China's CEFC hit by legal action, as creditors review exposure: sources

Apr 03 2018

HONG KONG/BEIJING CEFC China Energy has been hit by legal action from a creditor, even as the cash-strained conglomerate's biggest financial backer, China Development Bank (CDB), is attempting to dissuade lenders from taking action, sources said.

Exclusive: Xi confidant emerges as front runner to head China’s central bank - sources

Feb 23 2018

BEIJING Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People's Bank of China (PBOC), according to three sources with knowledge of the situation.

Exclusive: China securities regulator confirms order to curb futures speculation

Apr 29 2016

HONG KONG China's securities regulator on Friday urged commodity futures exchanges to curb excessive speculation following a surge in prices that has sparked fears markets were heading for a dangerous boom-and-bust cycle.

China c.bank halts rollover of 3-mth loans this week - sources

Jun 18 2015

HONG KONG/SHANGHAI, June 17 China's central bank will not roll over any 3-month medium-term lending facility (MLF) loans maturing this week, sources with direct knowledge of the situation told Reuters on Thursday, signalling a possible shift toward squeezing money from the short-end to the long-end of the money market.

Exclusive - China to boost municipal bond market with collateral rules

May 13 2015

HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, according to sources and an official document seen by Reuters, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.

China to boost muni bond market with collateral rules

May 13 2015

HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, according to sources and an official document seen by Reuters, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.

Exclusive: China to boost muni bond market with collateral rules - sources

May 12 2015

HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, sources told Reuters on Tuesday, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.

Exclusive - China to boost muni bond market with collateral rules - sources

May 12 2015

HONG KONG/BEIJING China is set to let banks and local governments use municipal bonds as collateral for borrowing, sources told Reuters on Tuesday, which could pump prime a fledgling market Beijing hopes will help local authorities manage their unwieldy debts.

Hong Kong should cherish its standing as offshore yuan hub - China c.bank

Jul 03 2014

HONG KONG, July 3 Hong Kong's offshore yuan business is an "ever-growing slice of cake", but if it doesn't want to eat it, that's its own problem, a People's Bank of China official said, when asked about a protest movement calling for democracy in the territory and threatening to disrupt its financial district.

China c.bank gives $48 bln to China Dev Bank for shanty town projects - sources

May 22 2014

SHANGHAI, May 22 China's central bank has provide 300 billion yuan ($48.1 billion) to the China Development Bank (CDB) for re-lending to reconstruction projects of shanty towns, sources with knowledge of the situation told Reuters.

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