But mainland China will be an increasingly formidable challenger in financial services in the next few years,” Paulson wrote in an op-ed published on The Wall Street Journal website Wednesday. Paulson … ( read original…
FINANCE
World’s Biggest Investors Split China Bets From Emerging Markets
The widening economic gulf between China and other emerging markets is prompting some of the world’s largest investors to change how they allocate money to the asset class. ( read original story …)
China’s central bank conducts 10 billion yuan of reverse repos
China’s central bank on Thursday conducted 10 billion yuan (about 1.53 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the … ( read original…
China’s Spoiled Rich Kids Learn to Avoid the Wrath of Xi Jinping
As inequality grows, the second generation of China’s ultra-rich class wants to avoid becoming a target. Over the years, China’s rich kids have become synonymous with obscene displays of wealth: … ( read original story…
This financial advisor says investors are underweight China, but shouldn’t be
Scott Wapner talks with Chris Toomey of Morgan Stanley Private Wealth Management about how he views the market action and what sectors he is watching. If you look at equities in general, about 90 ……
China’s bank regulator takes aim squarely at big fintech
Speaking at a virtual forum on Tuesday, Guo Shuqing left no one in any doubt as to how China views its big fintech firms. Beijing has come to distrust and even fear them, and the…
China Hails Victory in Crackdown on Peer-to-Peer Lending
China has declared victory in its campaign against online peer-to-peer lenders, with the country’s top banking regulator saying the risky financing sector has been zeroed out. ( read original story …)
China’s central bank plans to finance Xi Jinping’s goal of carbon neutrality by 2060. Here’s how
China’s central bank is mulling imposing mandatory requirements on the country’s sprawling state-owned financial institutions to help promote green economic activity as part of the country’s ambitious … ( read original story …)
China bank loans rise more than expected in November, credit growth eases
China’s new bank loans rose more than expected in November while broad credit growth eased, as the central bank maintained a accommodative stance to amid the global pandemic. Chinese banks extended 1. ( read original…
China says it wants to improve its green finance standards
China will update its green finance standards to make it easier for foreign investors to enter the market. China plans to improve its green finance standards to support its carbon-neutrality … ( read original story…
China to improve green finance standards to support carbon neutrality goal -c.bank head
China will improve its green finance standards to support carbon neutrality objectives, central bank governor Yi Gang said on Wednesday. ( read original story …)
China’s Pork-Driven Deflation Unlikely to Push PBOC Off Course
China’s central bank is likely to look through the first deflation in consumer prices in over a decade, economists said, as it keeps its focus on bringing debt under control. ( read original story …)
PBOC’s Yi Lays Out New Priorities to Support China Green Finance
China’s central bank governor outlined a new set of measures to aid green finance to help the country achieve its environmental goals. ( read original story …)
