BEIJING — A fire at a building advertising low-cost rental apartments in a southern Beijing suburb killed 19 people and injured eight others, official media reported Sunday. Firefighters put out the fire at Xinjian Village…
Monthly Archives For November 2017
In China, an Education in Dating
China worries about its lonely hearts … Ye Chaoqun, a 27-year-old small business owner who is hoping to make the woman he likes fall in love with him; and James Zhang, a 30-year-old cancer doctor…
China tightens bank shareholding rules after lifting cap on foreign stakes
“The new rules tighten regulatory over major shareholders and their related parties; it is also worth noting that they came out just one week after China announced the historic opening up in banking investment. Beijing…
China says will work with North Korea to boost ties as envoy visits
The department made no mention of North Korea’s nuclear or missile programs, which are strongly opposed by China. The North’s official KCNA news agency said Song informed Choe about China’s 19th National Congress “in detail”,…
China Citic, Baidu launch direct bank in fintech push
BEIJING (Reuters) – China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector. AiBank is…
Beijing Universities Offer HIV Self-Test Kits in Vending Machines
Eleven universities in Haidian District, Beijing, now offer HIV self-test kits in campus vending machines, Beijing Youth Daily reported Wednesday. The service is expected to be expanded to another two campuses, Beijing Language and Culture…
China central bank says to continue prudent, neutral monetary policy
HONG KONG (Reuters) – China’s central bank said on late Friday that it will maintain a prudent and neutral monetary policy and keep liquidity conditions stable, as it seeks to fend off systemic risks in…
China’s own Dodd-Frank Act aims to tame wealth management sector as crackdown on risky financial activity gathers pace
China’s financial regulators have unveiled a major new regulation – which has been described as Beijing’s Dodd-Frank Act – to rein in shadow banking activities in their latest response to President Xi Jinping’s call to…
China sets sweeping new rules to regulate asset management products
BEIJING (Reuters) – China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s growing shadow banking sector.…
China Sets New Rules for $15 Trillion of Asset Management Products
China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking sector. The guidelines…
China Will Keep ‘Prudent And Neutral’ Monetary Policy, PBOC Says
China’s central bank said that it will keep its “prudent and neutral” monetary policy, “closely” monitor liquidity and expectations, and deepen reforms in the interest-rates and currency market. The People’s Bank of China aims to…
China tightens rules on asset management to rein in risky lending
China’s central bank outlined sweeping new regulations aimed at curbing financial risk in the asset management industry on Friday, in the latest signal of its determination to rein in the country’s runaway shadow banking sector.…
UBS: China’s $38 Trillion Off-Balance Sheet Binge Poses Little Risk
Growth in assets kept on the balance sheet has outstripped off-the-book expansion, Bedford wrote after studying 282 bank filings from 2016 and the first half of 2017. Bedford’s conclusions add to a growing assessment that…
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