China Construction Bank’s private bank leads the field among state-owned banks in helping high net-worth clients with the most comprehensive services. It has a team of 1,800 wealth management … ( read original story …)
FINANCE
Beijing regulator halts questionable finance products
(ECNS) – The banking and insurance regulator in Beijing has halted questionable financial products not compliant with laws and regulations, Beijing Daily reported on Monday. Among the products it … ( read original story …)
BRIEF-China Financial Leasing Group Sees FY Loss
March 25 (Reuters) – China Financial Leasing Group Ltd : * EXPECTS TO RECORD A LOSS ATTRIBUTABLE TO OWNERS OF COMPANY FOR YEAR ENDED 31 DECEMBER 2018 * EXPECTED RESULT DUE TO NET LOSS ON…
China’s clampdown on shadow banking has pushed borrowers into the online undergrowth
Once the genie’s out of the bottle, it’s impossible to put back in. China has discovered predatory online cash loans, and even an appearance on the state broadcaster’s annual consumer rights program … ( read…
China’s Big Oil Aims Spending Boom at Old Wells to Heed Call
China’s big three — PetroChina Co., Sinopec Corp. and Cnooc … where per-well spending could be 10 times higher than other fields, Huatai Financial Holdings estimates. Returns Uncertain “Investors … ( read original story …)
China Local Government Debt – The Bomb That Doesn’t Explode
Finance Minister Liu Kun said over the weekend that accelerated … If so, that makes a contrast with other securities in China, where borrowers are reneging on bond payments at a record pace. … (…
China’s central bank says country to step up oversight of ‘too big to fail’ financial firms
China has taken several steps in recent months that it says will improve the business environment for foreign firms and investors operating in the world’s second-largest economy, including reducing … ( read original story …)
China faces US$540 billion pensions shortfall and must do more to educate population about retirement, say experts
China must do more to address a severe shortfall in pensions that could, by one estimation, amount to US$540 billion by next year, according to experts. “The government is not doing nearly enough,” … (…
China struggling to quit its debt addiction
Nonetheless, 2017 appeared to mark a decisive break from China’s addiction to debt. For years policymakers had paid lip service to warnings from global bodies like the International Monetary Fund and … ( read original…
China Has a Lot of Financial Opening Up to Do, Says Central Bank
(Bloomberg) — The level of openness of China’s financial markets to the rest of the world isn’t high so there’s a lot of room for further opening, according to People’s Bank of China Governor Yi…
China central bank head says country to step up oversight of systemically important financial firms
BEIJING (Reuters) – China will increase oversight of systemically important financial institutions and holding companies as the country opens up its financial sector, Central Bank Governor Yi Gang … ( read original story …)
China Officials Tap Lower Tariffs, Debt Sales to Aid Growth
Meanwhile, the government will speed up bond sales and the use of the funding to boost domestic demand, Finance Minister Liu Kun said at the same event. The commitments foreshadow another round of … (…
The US-China trade war is drawing a new battle line over megaproject funding. At least it will be good for infrastructure
The signs can be seen in Italy’s foray into China’s Belt and Road Initiative (BRI), and the naming of a Trump loyalist to head the World Bank. Donald Trump and Xi Jinping have a lot…
