China picks SGD as 9th currency to directly trade against yuan
Singapore and China trade relations to get a boost (October 27, 2014) The China Foreign Exchange Trade System (CFETS) has said that the People's Bank of China has approved direct trading of the Singapore dollar against the Chinese yuan on the interbank market. Analysts say that the move will help China to diversify its huge...
Bad loans surge at China’s biggest banks
(30 Oct) - Bad loans at China’s biggest banks rose at the fastest pace in at least seven years during the third quarter as a slowing economy squeezed corporate borrowers. Analysts said the fall in asset quality was manageable. Industrial & Commercial Bank of China and China Construction Bank, the country’s two biggest...
Singapore keeps eyes on Occupy
(October 27, 2014) The Chinese Language Press Institute held its annual conference in Beijing recently and it was a big gathering of the heads of member publications. Apart from the changing modes of newspaper operation, Occupy Central was also a hot topic in chats as the street protests were prominently reported in the...
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