BEIJING, March 5 (Xinhua) -- China will establish a fund for ensuring financial stability and defuse risks and potential dangers in market- and law-based ways, according to a government work report submitted Saturday to the national legislature for deliberation.■...
China's draft financial stability law will help to mitigate systemic shocks from the failure of smaller banks with limited central government links, says Fitch Ratings. The law aims to create a funding backstop to the financial stability guarantee fund that provides emergency funding to weak banks ...
WASHINGTON, Dec. 6 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday welcomed China's efforts to contain financial risks and suggested that China could take further measures to improve financial stability. "They (IMF executive board directors) welcomed the significant steps taken by t...
BEIJING, Dec. 7 (Xinhua) -- China's central bank Thursday expressed its confidence about the country's financial system stability, after the International Monetary Fund (IMF) and World Bank pointed out potential risks in the system in several assessment reports. The People's Bank of China (PB...
WASHINGTON, April 16 (Xinhua) -- China's economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, an International Monetary Fund (IMF) official has said. ...
WASHINGTON, April 16 (Xinhua) -- China's economic growth is important for both Chinese and global financial stability at a time when the global financial system is showing considerable strains, an International Monetary Fund (IMF) official has said. ...
The China Banking and Insurance Regulatory Commission(CBIRC) reported on Monday that the basic framework of the Financial Stability Security Fund was preliminarily stablished. And a new financial security fund raised 64.6 billion yuan of capital in a first round of payments by big Chinese banks. ...
It also proposed to set up a guarantee fund for financial stability, the PBOC said. The draft aims to establish and improve an efficient, authoritative and well-coordinated working mechanism for financial stability, further strengthen the financial safety net and firmly forestall systemic risks, the...
China will strike a balance between financial stability, gradual deleveraging and stable economic growth, Li said while meeting with Managing Director of the International Monetary Fund (IMF) Christine Lagarde, who is in Beijing to attend the Belt and Road Forum for International Cooperation. Li said...
The moves sent the A-share market climbing on Thursday morning. The CSI 300 Index jumped nearly 1 percent in the morning session, led by financial stocks. Hong Kong’s benchmark Hang Seng Index also opened 2 percent higher today. Widely regarded as China's stabilization fund, Huijin’s incr...