In comments that signaled China’s policy makers may step up efforts to curb debt and fraud amid a crackdown by regulators, President Xi Jinping called financial security the basis of a stable, healthy economy. Maintaining…
Monthly Archives For April 2017
Mobius Praises China Crackdown as Bulls Swallow Market Pain
China’s escalating campaign to clean up its financial system is winning plaudits from some of the world’s biggest investors. Templeton Emerging Markets Group and Fidelity International are among money managers who’ve endorsed a raft of…
Xi Jinping orders China’s financial watchdogs to watch out for risks
In an unusual move, President Xi Jinping on Wednesday summoned the country’s finance industry watchdogs and ordered them to take stock of financial risks and uphold regulatory vigilance, reflecting his deep concern about dangers facing…
China to push yuan internationalization, free trade: central bank official
BEIJING China will continue to push forward the internationalization … for yuan internationalization by achieving stable economic growth while maintaining financial stability, according to a notice on the central bank website. But the process will…
Xi stresses financial security
President Xi Jinping has called for concrete efforts to maintain China’s financial security. Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the remarks Tuesday afternoon at a group study…
China right to be cautious on capital flows, says RBA's Philip Lowe
“Short-term controls arguably can have a positive effect on financial stability in China by reducing the risk of a disorderly currency adjustment and pressures in Chinese financial markets. “But there is a balance to be…
China stocks end higher, small caps bolster sentiment
“But it will make 2017 a difficult year to make money in Chinese financial markets, in our view. On the positive side, lower China macro risk is positive for risk assets globally.” Most sectors gained…
How important is the China ABS market to Volkswagen Financial Services?
Volkswagen Financial Services demonstrated the importance of the renminbi bond market in the company’s growth strategy with another fund-raising exercise amounting to 4 billion yuan (US$580 million). The three-year asset-backed securities (ABS) deal … (…
China to cut red tape for better business environment
China has decided to further cut red tape by integrating separate business licenses to improve the business environment and stimulate market vitality. All certificates related to business registration will continue to be sorted and merged…
Canadian companies seek growth in China: survey
In particular, almost three quarters of respondents to the Canada China Business Survey indicated they plan to expand their operations in China, 49 percent indicating the planned expansions as substantial, and 24 percent as slight.…
China flags global naval role after new carrier launch
Chinese Foreign Minister Wang Yi said Chinese business and citizens had spread all around the world, with millions of people living overseas and nearly 30,000 Chinese-funded businesses registered in other countries. “Under this new environment,…
New Balance Court Ruling in China Is Rare Win Against Piracy
The case offers a high-profile example of how doing business in China can feel like a Wild West shootout. For years, foreign brands have been battling low-quality manufacturers that churn out cheap copies of everything…
China has 836 million 4G users: Ministry
BEIJING — China had a total of 836 million 4G network users as of the end of March, up from 770 million three months ago, figures from the Ministry of Industry and Information Technology (MIIT)…
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