In an interview with state broadcaster CCTV aired on Monday evening, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said Beijing would open its doors wider to foreign … ( read original…
FINANCE
Trade war has limited impact on China financial markets: regulator
BEIJING (Reuters) – A trade war with the United States has had a limited impact on China’s financial markets and its effects will be “even smaller” in the future, China’s chief financial regulator … (…
China pays record $22bn in corporate subsidies
China increased its subsidies to domestically listed companies … according to corporate earnings data collected by financial database Wind. “This data just reinforce the impression that Chinese … ( read original story …)
China’s Banking Cleanup Needs a Bigger Mop
(Bloomberg Opinion) — China’s banking cleanup has moved into a fresh phase with the seizure of a small city-commercial lender. It’s far from clear that regulators have the right supplies to … ( read original…
China’s First Bank Seizure Since 1998 Shows Hidden Loan Risk
(Bloomberg) — China’s first government takeover of a bank in more than two decades has underscored the potential for increased stress at regional lenders that piled into off-book financing in recent … ( read original…
Timeline: China’s post-Tiananmen re-emergence onto the world
President Jiang Zemin visits the United States later that year, the first trip by a Chinese head of state in more than a decade and breaking China out of diplomatic isolation in the post-Tiananmen ……
China state TV carries Daily Show spot on Huawei lead in 5G
BEIJING — China has deployed an unlikely voice in its trade war with the U.S.: Trevor Noah of Comedy Central’s The Daily Show. A brief clip from the comedian’s “If You Don’t Know, Now You…
China regional banks’ funding costs rise after Baoshang takeover
… banks had to pay more for funds through China’s interbank bond market on Monday, and their share prices came under pressure, following a rare takeover of a troubled lender by the country’s banking ……
Beijing’s relentless march to eliminate poverty
Beijing’s solution is to move them all … “To develop these places we must move people.” In April, the Financial Times joined a three-day, government-organised tour of poverty alleviation efforts in … ( read original…
China Warns Traders of ‘Huge Loss’ If They Short the Yuan
The speech, delivered by a spokesman for the agency on Saturday in Beijing, also included comments on the trade war, making Guo the highest-level financial official so far to publicly comment on the … (…
Tsinghua Global Finance Forum opens in Beijing
Those who speculate and sell the yuan short will surely suffer heavy losses, according to the prepared speech of Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), … ( read original…
China to offer liquidity to Baoshang Bank
BEIJING (Reuters) – China’s central bank said on Sunday that it would offer liquidity to Inner Mongolia-based Baoshang Bank, which the country’s financial regulators have said they would take over due … ( read original…
Chinese regulators announce takeover of Baoshang Bank, cite credit risks
China’s financial regulators announced today China Construction Bank will take over business operations of Inner Mongolia-based Baoshang Bank, Reuters writes. The takeover will last a year. … ( read original story …)
