he US dollar and the Japanese yen maintained a strong tone in the past fortnight as risk aversion flows continued to dominate trading in financial markets. Investor sentiment was hit by a slew of bad news, including weaker than expected reports and poor earnings at major global banks. In addition, the downgrades or potential downgrades to sovereign ratings of some of the euro zone and other economies, including Greece, Spain, Portugal, Ireland and New Zealand due to their deteriorating fiscal conditions also hurt confidence.
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Categories: News Tags: bank, banking, Banks, BUSINESS, Credit, despite, Economic, ENTERPRISE, financial, growth, Investors, marke, markets, Monetary, Obama, SAFE, Stock, tax, UK
Speech at China West Forum 2001
SUN Zhenyu,
Vice Minister of the Ministry of Foreign Trade and Economic Cooperation
(Xi’an, September 5th， 2001)
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Categories: News Tags: bank, banking, BUSINESS, china, Contract, development, Economic, ENTERPRISE, Investmen, Investment, marke
Dear Peony International Debit Card holders:
China Industrial and Commercial Bank hereby extends its deep respect to you and thanks you for your persistent confidence and support to Peony Card.
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Categories: Banking Tags: bank, Banking, banking, Banks, china, Commission, consumption, development, financial, ICBC, income, Investment, Management, payment, SAFE, settlement, tax
Article I
Peony international credit card (hereunder referred to as the “international card”) is a kind of generally accepted credit card issued by ICBC granting the cardholder a certain credit line, within which the cardholder can consume first and make repayment later, and having the functions of overdraft consumption, account transfer & settlement, and cash deposit & withdrawal.
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Categories: Banking Tags: bank, Banking, banking, china, consumption, Economic, ICBC, income, Investment, Management, payment, Peony Credit Card, settlement
Dear Peony International Credit Card Holders:
China Industrial and Commercial Bank hereby extends its deep respect to you and thanks you for your persistent confidence and support to Peony Card.
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Here we are yet again in the midst of another “global economic crisis.” From the hilltops of Davos, Switzerland, Morgan Stanley’s permabear Stephen Roach has shouted warnings of potential economic “Armageddon.” Superinvestor George Soros designated the current state of the global economy “the worst market crisis in 60 years.” Bill Clinton labeled it “the biggest financial crisis since the Great Depression” —— even as global stocks responded by slumping 7.7% in January —— the worst start to an investing year since Morgan Stanley began publishing data in the 1970s.
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Categories: News Tags: bank, banking, Economic, financial, Financial Crisis, growth, Investing, Investment, Investors, Management, marke, markets, U.S. Economy
Chairman LIU’s speech at the Caijing Magazine Annual Meeting
The year 2008 is an eventful year in the world financial history. The US subprime crisis has evolved into a global financial storm, which, in turn, has caused a downturn in the real economy that has reinforced the strains in the financial system. So far, the negative impact is universal and China is not immune to it. One year ago, when there was a huge debate on whether China could decouple from the world, I said it was only a myth. Now, the Caijing Magazine is offering us a valuable opportunity to look from the hindsight and lay a solid foundation for the future.
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Categories: News Tags: bank, banking, Banks, Businesses, CBRC, china, development, Economic, financial, Financial Crisis, growth, innovation, Investment, Management, marke, markets, sustain
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