China not manipulator of RMB exchange rate: MOC

Accusations of China manipulating the renminbi exchange rate are unfair and not objective, the Ministry of Commerce (MOC) said Thursday.

Experts say Moody’s downgrading of China’s credit rating shows miscalculations

Moody’s Investors Service on Wednesday downgraded China’s long-term local currency and foreign currency issuer ratings from Aa3 to A1 but changed the outlook from “negative” to “stable,” a move experts said showed apparent miscalculations.

NDRC: China’s debt risk ‘controllable’

China’s economic planning agency said on Wednesday that the country’s debt risk is “controllable” and companies will be in a better position to repay debt with increased profit margins.

Beijing rebuts credit rating downgrade

China rebutted international rating agency Moody’s downgrading of the country’s credit rating on Wednesday, saying the company overestimated the difficulties facing the world’s second-largest economy and underestimated the effect of its restructuring reforms and financial strength.

Wealthfront now helps users save up for their kids’ college tuition

 Robo-advisor Wealthfront originally came to market with a product to automate retirement savings, but over time has expanded to provide other financial tools. Today, the company is announcing a new product aimed at helping parents save for their children’s college education. Read More

China’s bank ICBC lists three bonds on Nasdaq Dubai

Nasdaq Dubai said it welcomed the listing of three bonds issued by Industrial and Commercial Bank of China Dubai branch in the Dubai banking free zone DIFC.

Central bank pumps more money into market

China’s central bank on Wednesday pumped more money into the market to ease liquidity ahead of the Dragon Boat Festival holiday on May 30.