Imperfect internal control mechanisms in financial institutions, high bad debt and shadow banking have impact on the financial system, Guo Shuqing, chairman of the China Banking Regulatory Commission, told the newspaper People’s Daily in an…
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Trial of Beijing’s new airport to be held next year: officials
Trial of the Beijing’s new international airport, which is tipped to be the largest in the world after its completion, is likely to start from October 2019, officials said on Thursday. The airport, which is…
As Pax Americana crumbles, Taiwan is in Beijing’s crosshairs
Xi Jinping and the Chinese Communist Party have got their imperialist salami slicer working overtime. After their success in gobbling up the South China Sea while four United States presidents were distracted or couldn’t be…
Beijing’s Flexible Property Rules
Wait, isn’t there supposed to be some restriction on Chinese companies buying property offshore? If there is, it doesn’t seem to include Guangzhou R&F Properties Co. and CC Land Holdings Ltd., two of the mainland…
US slips behind China in new global leadership poll
This historic low puts the US’s leadership approval rating on par with China’s and sets a new bar for disapproval … the lowest since Gallup began tracking this measure in 2007. The news isn’t much…
Chinese airlines permit mobile phones in flight mode
Spring Airlines, the country’s largest budget carrier, followed suit Thursday, announcing that it will allow mobile phones to be used in flight mode from next month. China’s restrictions on the use of portable electronic devices…
China economy rebounds in 2017 with better than expected 6.9% growth
The official growth figures released on Thursday are welcome news for Beijing policymakers who are looking to cut debt and pollution in older industries without stunting growth in the world’s second-largest economy. China’s gross domestic…
China tightens rules on insurers to fight local government debt risk
In a notice dated Jan. 8, the China Insurance Regulatory Commission (CIRC) and the Ministry of Finance said that while the purchase of local government bonds is encouraged, insurers must not provide financing to local…
China Unicom Research Institute joins Zigbee Alliance
The Zigbee Alliance has announced that the China Unicom Research Institute, one of China’s three major mobile service carriers, has joined the Alliance at the participant level. Zigbee is adopted by SSUG as the major…
China’s local government debt growth almost doubles in 2017
Local government debt expanded again in China last year despite Beijing’s pledge to rein in a growing national debt load that has sparked fears of a financial crisis in the world’s number two economy. The…
Lego partners with Tencent to create games and a social network for children in China
China is a bright spot for Lego, however, with revenues growing double-digit versus declines in the U.S. and parts of Europe in the first half of 2017, the last time it released financial figures The…
$260 billion ‘cryptocalypse’ as cryptos plunge 30 per cent amid fresh China, South Korea fears
China had already banned domestic exchanges and “initial … “guide” them towards an “orderly exit” from the country. Meanwhile, South Korea’s finance minister said a crackdown on cryptocurrencies was still a possibility, describing the current…
China says cross-border cash flows hit turning point in ’17
HONG KONG (AP) — Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines. Wang Chungying, a spokeswoman for China’s…
