China-Viet Nam Friendship Association Delegation Visits Viet Nam

At the invitation of the Viet Nam-China Friend-ship Association, a delegation of the China-Viet Nam Friendship Association paid a visit to Ha-noi, Hai Phone, Ha Long and Ho Chi Minh Cityfrom December 21 to 30, 1998. During their visitin Viet Nam the delegation paid their respects tothe remains of Chairman Ho Chi Minh, called on     

A New Era of Reform in China

"The 1998 Asian financial crisis made China a financial giant in Asia, whereas the 2008 global financial crisis made China a financial giant in the world." This comment by C. H. Kwan, a senior fellow with the Nomura Institute of Capital Market Research, reflects the rise of China’s international status. China maintained high growth in a difficult economic environ- ment, which exceeded the expectations of the     

MARKET WATCH

OPINION A New Momentum of Growth The financial crisis deriving from the United States in 2008 has not only trapped the global economy in a cycle of recession, but also greatly changed the structure of the global financial market. This change has also expanded to China. China’s financial market has transformed from a traditionally bank-dominated one to a     

A Changing Society

Ifirst visited China in 1973. I was a serving member of the Royal Australian Navy and we were engaged in the Viet Nam War.Communism was the deadly enemy of the free world back then.     

REFORMING THE FINANCIAL MOLD

正AIIB seeks to contribute to the formation of a sound global finance structureThe inauguration of the AIIB on January 16marks a breakthrough for global financial governance,which has had its structure overhauled since the world's financial crisis of2008.Nonetheless,in order to improve,the     

Solid Progress in Curbing Financial Risks

"Current financial risks have generally retreated,and initial success has been achieved in amending financial dysfunction,"read a report on China's financial stability issued by the People's Bank of China (PBC),the central bank,at the end of 2018.     

Managing Money Online

正Internet financial products have enjoyed huge success,but will they change the landscape of China’s financial sector?Wang Kang,27,works for a Beijing branch of the Industrial and Commercial Bank of China(ICBC),a major state-owned commercial bank in China and the largest bank     

Financial Lessons Learned

As the Wall Street chaos of 2008 swept the globe,China-with little exposure to subprime mortgages-was one of the only calm ports in the growing financial storm.Ifone lesson can be learned from the crisis,it is this: maintain a constant state of financial vigilance against risks even in boom times.China now faces the task of ensuring its financial health as it further opens to the world amid a global financial landscape reshaped by deep recessions.Economists and finance professors discussed these challenges at the Asia-Pacific Economic and Financial Forum recently held in Beijing.Edited excerpts follow:     

Enjoy Lexus at Your Ease

<正>Lexus announced its latest plans for three small-displacement cars Lexus China has announced the launching of the latest financial plans for three small-displacement cars in return for customers’long-time support.The plans include several financial products and give people a chance to enjoy a car with less of a financia burden.     

CRISIS FOCUS:Back to Reality

The devastating global financial crisis stemmed from the corruption of the U.S. property market and a wide range of financial derivatives that were devised based on home mortgages. The world's financial institutions have been hit hard, with some going bankrupt. To avoid such financial catastrophe in the future, Fan Gang, Director of the National Economic Institute, called on business people nationwide to focus more on real industries instead of blindly pouring money into financial and service sectors. He...     

FOLLOW THE MONEY

U.S. banks,with Citibank leading the charge,are making inroads into the domestic banking sectorForeign banks are rushing into the silver-lined market of China's fast-growing financial sector like a shiver of sharks on a feeding frenzy. Realizing that foreign-funded financial institutions will be allowed to engage in all kinds of renminbi transactions at the end of 2006, there isn't a bank worth its salt that     

Curbing Risks

正China steps up efforts to forestall systemic risks in the financial sector The People's Bank of China (PBC), the central bank, has set up a macro-prudential management bureau to enhance oversight of financial stability and systemic risks,according to a statement issued by the State     

An Economic Alarm

As both are emerging Asian economies, China will not look on the Vietnamese economic crisis unconcerned Devaluation of currency, runaway inflation, huge outflow of specula- tive capital, decreasing resident purchasing power, a series of strikes against price hikes ... Viet Nam is confronted with an economic crisis.     

A Financial Health Plan

After years of financial restructuring, China still has a long way to go China is certainly on solid financial footing, but the country’s top leaders     

A City's Ambition Binhu New Area boasts biggest financial back-office service base

<正>It’s been an inevitable trend for the separation of financial front-office and backoffice services.Since the financial backoffice service industry—such as call centers,data backup centers,training centers,data analysis centers—is a labor-intensive and hitech one that can provide a large number of job opportunities,it has become a sought-     

SOCIETY

正New JourneyA cargo train is ready to leave Changsha, Hunan Province, for Hanoi, the capital of Viet Nam, on March 31. On that day, a new freight train service linking Hunan and the Association of Southeast Asian Nations was launched.TCM Center     

An International Balancing Act

Despite improvements in Viet Nam-U.S.relations,Viet Nam seeks to strike a balance between China and the United States     

REFORMSTAKESHAPE

正Changes continue in the financial sector despite a shaky global economyIn his government work report,Premier Li Keqiang vowed to deepen the reform of the financial sector in 2016.It includes efforts to improve the financial regulatory system,further liberalize interest rates and improve the market-based mechanism for setting the yuan exchange rate.It would also affect financial institutions,promote the sound development of the multi-level capital     

Managing Risks

After five months of discussions and the soliciting of public opinion, China's central authorities issued a new guideline on asset management products and services on April 27, aiming to ensure the stability of the financial market and prevent financial risks with tightened regulation targeting the elimination of regulatory arbitrage in the sector.     

AIRLINE INFORMATION

Turkish Airlines Turkish Airlines released its consolidated financial statements for the first nine months of 2009 on the Istanbul Stock Exchange. According to the reported financial statements, sales revenue was $3.26 billion, a decrease of 11 percent year on year