The central government's top official in Hong Kong on Friday expressed his deep sorrow over the passing of the patriotic business leader Tsang Hin-chi and extended his condolences to Tsang's family.
The centerpiece of the company’s Bellevue presence is a huge new office tower planned on a site Amazon bought for 5 million last year. Amazon showed off the latest rendering of the new 600 Bellevue Tower as part of today’s announcement.
The central bank uses monetary tools such as the MLF to manage short- and medium-term liquidity in the banking system of the world's second-largest economy.
The city is discussing with the state's financial regulators to become a "pioneer" to accelerate the financial opening-up, said Li Jun, deputy head of Shanghai Municipal Financial Service Office, at a news conference held on Thursday.
The central bank has adopted a macro-prudential assessment: a formal evaluation that assigns a score to each bank based on parameters such as asset quality, capital adequacy, proportion of liquid assets and funding stability, in its battle to curb risk.
The city of Shanghai has become the first local government to answer the call of the central government to promote automobile consumption by providing subsidies, since 10 ministries and commissions of the country released six major methods of promoting car sales in January.
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The central bank pledged in its first-quarter monetary policy report that it will step up countercyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen reforms of the market-oriented interest rate and the yuan exchange rate formation system.
The central bank governor pledged to push forward financial opening-up along with reform of the renminbi exchange rate regime, and promote market-oriented internationalization of the currency.
The central bank also confirmed a separate application from Experian, a provider of consumer and business credit reporting based in Dublin, Ireland, which wants to offer corporate credit information services within China.