“Due to insufficient local financial resources and historical debts … also told a briefing during the parliamentary session that China would provide more support for local governments. The … ( read original story …)
FINANCE
China shadow banking crackdown to moderate in 2019
“However, a rapid rebound in shadow credit supply is also unlikely, as the authorities will retain focus on financial system risks.” China’s banking regulator issued new guidelines last week to … ( read original story…
China’s banks have a $420 billion problem
First, banks are having to dedicate more earnings to loan loss-provisions. In the first half of 2018, Industrial & Commercial Bank of China allocated 43 per cent of pre-provision profit to boosting … ( read…
China’s Banks Have a Hidden Wave of Bad Debt
In the first half of 2018, Industrial & Commercial Bank of China Ltd. allocated 43 percent of pre-provision profit to boosting capital reserves. At Agricultural Bank of China Ltd., impairment … ( read original story…
MEDIA – China’s banking and insurance regulator will release new reform paper – Shanghai Securities News
China’s banking and insurance regulator is set to release a paper that will discuss the commercial banking industry’s involvement in the insurance industry. — Note: Reuters has not verified this story … ( read original…
China Wants Its Stock, Bond Markets to Step Up Funding Role
“We need to create a strong capital market,” Guo Shuqing, the country’s chief financial regulator, said at the National People’s Congress, China’s top legislative session which wrapped up last week. … ( read original story…
Dilemma for Widodo as China casts shadow on Indonesia polls
But there is one topic in the Islamic world that remains taboo — China’s incarceration of an estimated 1m Muslims in the western territory of Xinjiang. In an interview with the Financial Times, the ……
China plans to offer investment education in schools across country
Pan Xuzhao, a teacher at Guangzhou No 16 Middle School who was involved in putting together a financial management course textbook, told China Youth Daily it was a useful skill to have since many ……
BRIEF-China Demeter Financial Investments Announces Regarding Disposal Of Fund
March 15 (Reuters) – China Demeter Financial Investments Ltd : * UNIT ACCEPTED OFFER FROM INDEPENDENT THIRD PARTY, TO PURCHASE 736.217 FUND SHARES HELD BY EAST GAIN * DEAL FOR HK$6.6 MILLION … ( read…
Italy eyes loans from China-led development bank
Italy is considering borrowing from China-led Asian Infrastructure Investment Bank as part of plans to become the first G7 country to endorse Beijing’s contentious Belt and Road global investment … ( read original story …)
In Communist Party-run China, promised cutbacks and a new economic playbook from the political right
China, the global heartland of socialist capitalism … “The central government will ask designated financial institutions and some enterprises directly under the central government to turn in a … ( read original story …)
China’s premier says ready to use more policy tools to help economy
BEIJING (Reuters) – The Chinese government has additional monetary policy measures that it can take to support economic growth this year, and will even cut “its own flesh” to help finance large-scale … ( read…
Microsoft says facial recognition firm that Beijing allegedly uses to track Muslims is lying about a ‘partnership’
Microsoft denied that it has any connection with a controversial Chinese facial recognition app that rights groups say is being used by Beijing to track minority Muslims in China. The company, called … ( read…
