Read more: QuickTake Q&A on wealth-management products The China Banking Regulatory Commission has asked lenders to report the scale of their entrusted investments, including products issued by mutual funds, trusts, futures firms and brokerages. (…
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China's new illegal fundraising topped $36 billion last year
The cases severely destroyed the order of financial markets, Yang Yuzhu, director of the joint-meeting for anti-illegal fundraising was quoted as saying, threatening China’s financial and social stability. Authorities are now weighing a ban on…
China's Enduring Desire For 'Brand Australia'
As China’s regulation of foreign brands sold through e-commerce evolves, there’s concern among Australian investors that some consumer goods companies are overexposed in the vast and growing market. However, China remains a huge opportunity for…
China to loosen JV ownership restrictions for foreign automakers
BEIJING — China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint ventures, putting pressure on Chinese automakers to…
Sina Chief Steers China's Twitter Deeper Into Internet Finance
The company’s also had to grapple with growing censorship as Beijing grew wary of the influence of online content. Chao, nicknamed “the Accountant” because of his stint at PwC, was known more for his financial…
Converting coal would help China's smog at climate's expense
BEIJING — China’s conversion of coal into natural gas could prevent tens of thousands of premature deaths each year. But there’s a catch: As the country shifts its use of vast coal reserves to send…
China targets 35 million vehicle sales by 2025, NEVs to make up one-fifth
The Ministry of Industry and Information Technology said in a market “road map” that China’s urbanization drive and the overseas expansion of its automakers would help drive annual vehicle sales up around 25 percent from…
Doping: Russian heptathlete stripped of Beijing 2008 bronze
BERLIN Russian Olympic heptathlete Tatiana Chernova was stripped of her 2008 Beijing Games bronze medal on Monday after she tested positive to banned substances in re-tests of her sample. Chernova’s 2008 sample tested positive for…
Marbury in talks with other clubs after Beijing Ducks era
Stephon Marbury’s agent said Tuesday that they are in talks with several clubs in China after the former NBA All-Star parted ways with the Chinese Basketball Association’s Beijing Ducks at the weekend. Marbury “will definitely…
China likely to further tighten controls on property market
(ECNS) — China may roll out more measures to address a sizzling property market that could potentially undermine the economy, according to a report by Shanghai University of Finance and Economics. Data from the National…
China property market to remain stable, competition to intensify: report
BEIJING, April 24 (Xinhua) — China’s property sector will remain stable, but competition will intensify as sales slow and liquidity tightens, said a Moody’s report on Monday. China’s national contracted property sales will slow from…
‘Apartheid Without the Racism’: How China Keeps Rural Folks Down
YANJIAO, China—An epic property boom restricted to city dwellers has opened a wealth gap that continues to widen in China, setting back a state campaign to ease poverty and shunting rural dwellers from the middle-class…
More small property developers might go bust in China, says Moody's
HONG KONG — In China’s property sector, the strong are only getting stronger. This is the observation by ratings agency Moody’s, which suggests that more smaller property developers are likely to go bankrupt in an…
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