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China’s Vice-Premier He Lifeng met Citigroup CEO Jane Fraser in Beijing on Thursday, underscoring efforts to open up the nation’s financial markets and attract foreign capital amid geopolitical tensions and a slowing economy. He, the country’s top finance official, told Fraser that the country is “deepening the reform of its financial system and continuing to […]
China’s securities regulator has given his strongest endorsement yet to expand and add financial products to a transborder investment channel with Hong Kong, in a boost to the city’s role as the mainland’s offshore financial centre. Commodities may be added to the stocks, bonds, options and wealth management products that are currently tradeable in the […]
Chinese 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 […]
Sixteen major Hong Kong banks said they would set aside HK$370 billion (US$47 billion) of funds for small and medium-sized enterprises (SMEs) to cope with economic hardships. The loan amount could potentially rise after the city’s de facto bank lowered a key capital requirement with immediate effect on Friday. The Hong Kong Monetary Authority (HKMA) […]