China has introduced new reforms to its domestic credit rating industry amid a broader campaign to curtail financial risk in the world’s second largest economy.
FINANCE
Summer market heats up for China auto ABS
China’s auto ABS market has seen one of its busiest periods so far this year, as companies unleash new deals amid falling yields onshore.
Ambassador Haque visits Habib Bank Limited Head Office in Beijing
Pakistan Ambassador to China, Moin ul Haque visited the Head Office of Habib Bank Limited (HBL) here on Thursday and hoped that the bank would greatly help in the economic and financial integration …
Chinese insurance stocks tumble as Beijing targets the industry with tougher regulations
Insurers were ordered to limit misleading marketing practices, curb exorbitant fees, and protect user privacy.
Bullies of Beijing: What Does Xi Jinping Really Want?
What Xi wants is controlled capitalism, suited to the goals of national security, social and economic prosperity, and political stability. To be hailed as a patriotic entrepreneur by none other than …
China Sentences Former Senior ICBC Banker to Life for Bribery
China sentenced Gu Guoming, a former senior banker at Industrial and Commercial Bank of China (ICBC), to life in jail after being found guilty of bribery, state media said on Thursday. China’s top …
China’s 2015 yuan reform sent shock waves through financial markets, now it’s ‘learning its lesson’
Six years ago, the People’s Bank of China devalued the yuan by nearly 3 per cent against the US dollar over two days, now it is laying out its policy plans to support the currency.
Asian Markets Mostly Down As China Fears Reappear
Asian markets mostly fell Thursday after Chinese authorities unveiled plans to tighten regulation across multiple sectors over the coming years, weeks after it hit stocks by cracking down on a range …
China’s Anti-sanctions Law A New Headache For Banks In Hong Kong
China’s plan to expand its anti-sanctions law into Hong Kong is a fresh compliance headache for international banks already caught up in deteriorating relations between Beijing and major western …
Asia Stocks Mixed on Widening China Curbs, Virus: Markets Wrap
Asian stocks were mixed Thursday as China’s regulatory push sapped sentiment, overshadowing a Wall Street record on easing inflation that reduced concerns about an imminent pull back in Federal …
China Signals Its Regulatory Crackdown Will Go On for Years
China released a five-year blueprint calling for greater regulation of vast parts of the economy, providing a sweeping framework for the broader crackdown on key industries that has left investors …
China Goes After Online Insurance in Widening Crackdown
China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that has roiled global investors.The regulator ordered …
China removes credit rating requirements for debt financing tool issue by non-financial firms
China will remove credit rating requirements for issuance of debt financing tools by non-financial firms in a pilot scheme, the central bank said on Wednesday.The move aims to further enhance the auto …
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