Premier Li Keqiang meets with Christine Lagarde, managing director of the International Monetary Fund, in the Great Hall of the People in Beijing on May 14, 2017. [Photo by Liu Zhen/China News Service] WASHINGTON —…
Monthly Archives For July 2017
Amazing Race Canada battles cabs and heat in Beijing
Regular reader DanAmazing said he expected last week’s Leg of The Amazing Race Canada to be a non-elimination. So was I. The timing was right for it, and it would have given Megan and Courtney…
China’s Internet Giants Heed Unicom Call
Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. If there’s a lesson that China’s private…
Why Ponzi schemes are thriving in China despite crackdowns
The financial naivety of the public and a collective desire for unfeasibly high returns have helped fuel the proliferation of fraudulent investment schemes in China, according to an academic. “China’s financial markets were opened in…
Central bank stresses neutral monetary policy, financial regulation
BEIJING — China’s central bank said Tuesday it would continue to implement a prudent and neutral monetary policy and step up financial regulation to prevent systemic risks. The People’s Bank of China (PBOC) will maintain…
Traders shift attention to Chinese brokerages as crackdown continues on financial industry
Dai holds shares in Guotai Junan Securities, China’s third-biggest listed brokerage by market … as the regulatory crackdown on financial leveraging deflates bubbles in small-cap shares, which are still more than three times as expensive…
Financial risks to be prevented
China will strengthen the coordination of financial regulation, stabilize the property market and prevent systemic financial risks, according to a statement issued after a top leadership meeting on Monday. “Financial disorder will be tackled thoroughly…
Watch out for ‘grey rhino’ in jungle of financial risks
BEIJING – Every major economy has its own “grey rhinos” – big and neglected economic risks. In China’s case, it is the rapid build-up of financial risks caused by debt-fueled investment growth, as People’s Daily,…
China c.bank says will strictly regulate financial market trading
BEIJING, July 25 (Reuters) – China’s central bank said on Tuesday that it would strictly regulate financial trading and strengthen the regulation of internet finance as policymakers looks to control risks in what regulators have…
China vows tight financial oversight in second half
BEIJING — China’s top decision-making body signed off Monday on an economic agenda that appears to maintain a hard line on the financial sector for the rest of 2017. The Politburo of the Communist Party,…
Number of Chinese mobile internet users reach 1.17 billion
The number of mobile internet users in China has reached 1.17 billion by the end of the first half of 2017, said the country’s Ministry of Industry and Information Technology on July 19. Compared with…
For China’s Global Ambitions, ‘Iran Is at the Center of Everything’
“You can pick any project, they are all under this umbrella.” Business ties between Iran and China have been growing since the United States and its European allies at the time started pressuring Iran over…
TSX gains as metals, energy stocks surge on positive news from China and OPEC
TORONTO — Soaring metal and energy shares helped push Canada’s main stock index higher today, as commodity prices rose on global positive sentiment from China and OPEC. In Toronto, the S&P/TSX composite index was up…
