Tag Archives: promote

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »

May targets finance industry for failing to promote women

Prime Minister Theresa May criticised Britain’s finance industry for failing to promote and retain women on Tuesday as the government revealed that some of the biggest players have committed to having at least 30 percent in senior roles by 2021. The Treasury said that for every pound earned by a man in the male-dominated financial services industry – the highest ... Read More »

Timeline of China’s steps to stabilise markets, boost economy, promote reforms

China has taken unprecedented steps to stabilise its stock markets after a rout in June and has also intervened to support the yuan in the face of bearish pressure. Following is the timeline of Beijing’s market-stabilising and economy-boosting measures, reforms and statements. ** Oct 23 – The People’s Bank of China (PBOC) cut interest rates and banks’ reserve requirement ratios ... Read More »