China permits domestic banks to conduct offshore businessChinese banks in the Shanghai Free Trade Zone (FTZ) have been allowed to conduct offshore business, a move further liberalising financial m...
All you need to know to plan a trip to Hong KongHere’s all you need to know about a trip to the Fragrant Harbour, which packs everything from culture and theme parks to endless shopping.
- China cuts RRR of banks second time in three months
China's central bank today cut the reserve requirement ratio (RRR) of banks for the second time in three months.
- China's Forex reserves likely to decline this year: Report
With the economy facing a downturn due to falling exports and rising imports, China's foreign exchange reserves are expected to decline thi...
- China hikes interest rates for second time this year
Hard-pressed to control soaring prices and spiralling inflation, China's central bank today hiked one-year lending and deposit interest rat...
- China tells banks to set aside more reserves to prevent overheating
China ordered banks to increase reserves by the most in four years to try to prevent the world’s fastest-growing major economy from overhea...