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China

'Plans to slow down growth' leads to credit squeeze...

Signs that China is preparing to calm its breakneck economic growth are hitting stock markets across Asia. On Wednesday, Chinese Prime Minister Premier Wen Jiabao told Reuters that Beijing was readying "forceful" steps to cool a huge surge in investment....

Credit insurer urges caution over payment risks

Credit insurer Coface said payment default risk in China is still low but traders need to be cautious and selective…

#bad debts#credit risk#risk


First foreign bank to have branches in China approved...

Approval has been received from the China Banking Regulatory Commission for seven of the nine branches belonging to the Hongkong…


Zurich signs insurance agreement with SINOSURE

Zurich's Emerging Markets Solutions group, the political risk and trade credit insurance unit of Zurich, has signed a memorandum of…


Standard Chartered launches international receivables finance and signs credit...

China Export & Credit Insurance Corp (Sinosure) has signed a landmark deal with Standard Chartered Bank (SCB) to jointly offer…

#bank#exporters#international


Chinese central bank hints at further tightening

China's central bank said that further measures might be needed to slow credit growth after it tightened monetary policy by…

#bank#Bank of China#banks


First farm produce export credit insurance case settled

Shandong Zhucheng Foreign Trade Group Corporation (Zhucheng Foreign Trade), a leading poultry meat exporter, has received compensation of US$760,000 from…


Financial help vital for private businesses

China's top legislators and advisers are calling for the government to beef up efforts to solve funding difficulties that affect…


Economy shows no signs of slowing

China's industrial output soared 23.2 per cent in February from a year earlier, official data shows, suggesting the economy is…

#economy#exports#investment


National revenue up 14.7% in 2003

China's national revenue exceeded 2 trillion yuan for the first time to reach 2.1691 trillion yuan in 2003, said Minister…


Trade finance – Export credit

China has two organisations providing official export credit support: the China Eximbank, which was established in 1994 and China Export…

#bank#exporters#exports


Euler Hermes signs a cooperation agreement with SINOSURE

In order to expand its presence in the Chinese market the Euler Hermes Group has entered into a cooperation agreement…

Foreign banks licenced for yuan transactions, one to start...

Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly…

#bank#banks

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