Chinese regulators are making progress in their attempts to tame the country’s $10 trillion shadow banking sector, but after a one-year squeeze on the riskiest areas of the industry, there’s still a lengthy battle ahead.…
Monthly Archives For May 2018
More room for opening up in China’s financial sector: central bank governor
BEIJING (Reuters) – There is more room for opening up in China’s financial sector, central bank governor Yi Gang said on Tuesday, adding that financial regulators need to strengthen supervision of the sector. ( read…
More room for opening up in China’s financial sector – c.bank governor
BEIJING, May 29 (Reuters) – There is more room for opening up in China’s financial sector, central bank governor Yi Gang said on Tuesday, adding that financial regulators need to strengthen supervision of the sector.…
JD Finance denies IPO reports
JD Finance denied recent reports the company plans to list on China’s A-share market in 2019-2020, Securities Daily reported on Tuesday. A relevant official at JD Finance told the newspaper the company has no IPO…
140 firms withdraw A-share IPO applications this year, balking at stricter scrutiny by the regulator
China’s securities regulator appears to have poured cold water over expectations initial public offerings (IPOs) by cash-hungry businesses could be fast tracked, by tightening its review procedures instead, in an effort to favour the best-performing…
Alibaba, Tencent, Baidu to hold big stakes in Foxconn unit after US$4.3 billion IPO
It would be the most valuable listing in mainland China since financial services firm Guotai Junan’s US$4.8 billion flotation in June 2015. The date of the listing has yet to be set. The biggest allocation…
Philippines: Beijing Oil Drilling In Disputed South China Sea A ‘Red Line’
The Philippines has notified China of its “red lines”—potential Chinese actions that would be unacceptable to Manila—in the South China Sea, including oil and gas extraction in disputed areas, the Philippine Foreign Secretary Alan Peter…
China’s $10 Trillion Shadow Bank Crackdown Has a Long Way to Go
Chinese regulators are making progress in their attempts to tame the country’s $10 trillion shadow banking sector, but after a one-year squeeze on the riskiest areas of the industry, there’s still a lengthy battle ahead.…
China approves 13 Ivanka Trump trademarks, resurfacing conflict of interest concerns
Ivanka Trump’s brand continues to win foreign trademarks in China and the Philippines, adding to questions about conflicts of interest at the White House, The Associated Press has found. On Sunday, China granted the first…
China Mao impersonator at blockchain conference causes furore
I thank you in the name of Mao Zedong!” He delivered a speech with “actor characteristics and personal opinion”, according to China’s Global Times news website. Blockchain is a technology that underpins digital currencies and…
China Unicom Releases Teaser Poster For Mi Band 3, eSIM Support?
A new teaser for the Mi band 3 may hint at Xiaomi’s next smartband having SIM connectivity. One of China’s top network operators, China Unicom, released a new poster for the upcoming band which makes…
China has a $43,000 wealth gap problem
China is no monolith. While residents in Shanghai and Beijing are almost as well off as those in Switzerland by some income measures, parts of the country live more like they were in Guatemala. The…
China rejects U.S. charge of ‘forced technology transfer’ at WTO
GENEVA (Reuters) – China told the World Trade Organization’s dispute settlement body on Monday that U.S. accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless.…
