The warning came after Yang Jiacai, assistant chairman of the China Banking Regulatory Commission (CBRC), was reportedly placed under investigation in relation to a loan scandal in Hubei province. Without confirming the investigation, a commentary…
Monthly Archives For April 2017
China is Cracking Down on Unscrupulous Financial Services
Now the China Banking Regulatory Commission has published measures to address risks in the financial and banking sectors. According to ChinaNews, CBRC highlighted 10 areas for improving risk control in both traditional and internet finance…
China Credit Growth Accelerates as Shadow Banking Gauge Picks Up
China’s broadest measure of new credit increased more than estimated in March amid strong growth in shadow banking. New loans slowed for a second month while the money supply increased at the most sluggish pace…
Russia and China Preparing Alternative Banking Architecture
It may have arrived with little fanfare, but Russia’s SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the…
China car dilemma: Beijing wants electric, buyers want SUVs
Government planners see electric vehicles as a sector where China can lead, and a Cabinet technology development plan issued in 2013 calls for two of the top global brands in 2025 to be Chinese. Hence…
China promotes electric cars but residents want SUVs
News reports say regulators might have agreed to lower or delay them in an updated plan due out this year, but there has been no official confirmation. China’s stand-out EV success so far is BYD…
China, U.S. working on ‘North Korea problem’: Trump
President Donald Trump asserted on Sunday that China was working with the United States on “the North Korea problem,” and his vice-president told American and South Korea service members that the North’s latest “provocation,” a…
China's first quarter growth beats expectations at 6.9%
China’s economy grew by 6.9% in the first quarter of 2017, according to official figures. The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many…
China's Ant Financial raises offer for MoneyGram to $1.2 billion
SINGAPORE China’s Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc (MGI.O) and the deal was unanimously approved by the U.S. firm’s board, outbidding rival Euronet Worldwide Inc (EEFT.O). Ant, the…
Sacking of Chinese Insurance Regulator Foretells Further Financial House Cleaning
China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for “severe disciplinary violations” last week, according to the Chinese ……
Trump says the U.S. is 'working with China' to deal with North Korea and doubles down on his position that they are NOT currency manipulators
China advocates to resolve the issue through peaceful means, and is willing to maintain communication and coordination with the US on the Korean Peninsula issue,’ according to the official statement. At a news conference the…
China to post solid, steady first-quarter growth on building boom, but debt risks loom
A strong reading could help wobbly global financial markets but add to worries that China’s government is still relying too heavily on old growth engines like stimulus and not doing enough to tackle risks from…
Sacking of Chinese Insurance Regulator Foretells of Further Financial House Cleaning
China’s powerful financial sector has officially been put on notice. Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), was placed under investigation for “severe disciplinary violations” last week, according to the Chinese ……
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