After four decades of financial reform, China’s banking sector is still dominated by publicly owned institutions. But it’s a story of change amidst continuity Financial restructuring and liberalisation began in China in the late 1970s,…
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UPDATE 1-China banking regulator issues risk control guidelines
SHANGHAI, April 10 China’s banking regulator said on Monday it has issued guidelines on risk control for lenders, as authorities ramp up efforts to contain risks from a rapid build-up in debt. The move is…
China Investigates Regulator of Fast-Moving Insurance Industry
Along the way, he also found time to climb the ranks of the country’s financial elite. He became chairman in 2009 of China’s third-largest bank, the Agricultural Bank of China, and then the chairman of…
Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
The board, which gathers twice a year, often meets abroad but only once before had a meeting in China, in 2010. Aramco has appointed international banks with access to Chinese investors to advise on the…
China says navy rescues ship from pirates, omits Indian role
as well as China’s image as a responsible major country in safeguarding regional peace and stability,” Hua told reporters at a daily news briefing on Monday. “We are always positive toward international counter-piracy operations,” she…
Beijing offers big bucks for foreign spy tip-offs
Budding Chinese sleuths could start stalking foreigners as suspected spies in Beijing after authorities in the city on Monday offered a cash bonanza for information on overseas agents. Members of the public can report suspected…
China banks urged to support Beijing-Tianjin-Hebei integration
Beijing and Tianjin, a top central bank official said in remarks published on Monday. On April 1, the government announced plans to establish a new special economic zone in Xiongan, in the heavily polluted province…
China banking regulator issues bank risk control guidelines
SHANGHAI, April 10 China’s banking regulator said on Monday it has issued guidelines on risk control for lenders, as authorities ramp up efforts to contain risks from a rapid build-up in debt. The China Banking…
Chinese banks ramp up overseas lending
The expansion, believed to have largely funnelled to Chinese companies, comes as Chinese banks try to carve out a bigger presence in some of the world’s priciest business districts, financially as well as physically: Bank…
China is doing more business with India, but it's still far from smooth sailing
By Reshma Patil China has emerged as one of the fastest-growing sources of Foreign Direct Investment (FDI) into India — it was 17th largest in 2016, up from the 28th rank in 2014 and 35th…
Business incubators look to China for tech world’s next big thing
No longer the land of the copycats, China is now attracting serious attention from foreign incubators and accelerators that want to nurture the technology giants of the future. Broadly speaking, “accelerators” or “incubators” are businesses…
China tech investment flying under radar, Pentagon warns
Carter, the former secretary of defense, commissioned the report as an urgent review of what senior Pentagon officials have considered China’s alarming penetration of Silicon Valley, particularly in deals that finance nascent technology that has…
Food fight: To beat China fakes, New Zealand and Australian produce firms raid tech larder
WELLINGTON/SYDNEY As China’s middle class develops its taste for imported food and drink, fresh produce suppliers in New Zealand and Australia are topping up nature’s bounty with anti-counterfeiting technology in a bid to protect their…