China “resolutely” opposes monopolies and unfair competition and will step up regulation in sectors such as platform businesses, according to a plan released by the general offices of the powerful … ( read original story…
FINANCE
Beijing bank regulator orders crackdown on illegal property loans
The Chinese capital’s bank regulator has ordered an investigation into the illegal use of personal loans to invest in real estate amid growing fears of a property bubble. The Beijing branch of the … (…
The Old Roots of China’s New-Look Finance
There’s no shortage of explanations for the rapid rise of online credit and lending in China, but don’t ignore the role played by cultural tradition. ( read original story …)
Chinese capital Beijing cracks down on illegal use of loans for real estate
Financial authorities in the Chinese capital of Beijing will launch a city-wide probe into illegal flows of funds from personal loans into the real estate sector, the official Xinhua new agency … ( read original…
Bubble fears grow as China fund launches attract huge inflows
China’s mutual fund industry assets surged 48 per cent to a record $3.1tn (Rmb20tn) in 2020 but huge demand for new funds is stoking fears that volatile investor inflows could spur a stock market ……
Cardinal Parolin addresses financial scandals, China and Iraq in new interview
The cardinal, who is the secretary of state at the Vatican, said the world is undergoing massive crises that underline the need to come together in solidarity and dialogue. ( read original story …)
China GDP: coronavirus helped Chinese economy trim US$1 trillion from gap with US in 2020
Some analysts now forecast China will overtake the US as the world’s biggest economy by 2028, ahead of Beijing’s official predictions. ( read original story …)
China finance official executed in bribery case
The former head of a Chinese state-owned asset management company was executed Friday on charges of taking bribes in an unusually severe penalty for a recent … ( read original story …)
Feature: How China-initiated development bank helps transform lives across Asia
The Bangladeshi village gained access to electricity for the first time in 2018 under a project financed by the Asian Infrastructure Investment Bank (AIIB), a China-proposed multilateral financial … ( read original story …)
Morningstar: These China banking and Macao gaming stocks are more risk-reward attractive
Lorraine Tan from Morningstar sees pockets of value in stocks outside of the U.S. She explains why she likes China banks and Macau gaming sector and shares the top picks. ( read original story …)
China conducts first central bank bills swap in 2021
The People Bank of China the central bank said it will conduct this year first central bank bills swap CBS operation on Friday … ( read original story …)
China’s central bank conducts 100 billion yuan of reverse repos
China’s central bank on Friday conducted 100 billion yuan (about 15.45 billion U.S. dollars) of reverse repos amid rising fiscal expenditure at the end of the month. The move aims to maintain … ( read…
Financial inclusion in China: An indispensable tool for poverty alleviation
The outcome of implementing evidence-based economic policies has been extremely rewarding for China, especially in achieving targets for poverty eradication. Notable among these essential economic … ( read original story …)
