A crackdown on China’s Rmb62.9tn ($9tn) shadow banking industry is easing concerns about the potential systemic risk of the country’s banks to the global financial sector. The Basel-based Financial St… ( read original story …)
FINANCE
China Is Building a $9 Billion Rival to the American-Run GPS
(Bloomberg) — China is taking its rivalry with the U.S. to the heavens, spending at least $9 billion to build a celestial navigation system and cut its dependence on the American-owned GPS amid heigh… (…
Regulator steadily opens financial sector
Since the beginning of the year, the regulator has made a series of opening-up efforts. [Photo/VCG] China further opened its financial sector to foreign investors, with the banking and insurance regul… ( read original story…
China grants market access to two more foreign financial institutions: regulator
SHANGHAI (Reuters) – China has given the go-ahead for two more foreign financial institutions to set up local subsidiaries, the country’s banking and insurance regulator said in a notice on Sunday, br… ( read original…
China courts potential allies in trade war with US
China is expected to use the G20 summit in Argentina this week to show that it is successfully cutting its reliance on exports — part of an attempt by Beijing to deprive the Trump administration…
The $200 trillion gold rush that has reshaped private banking
Looming over this gold rush is the end of the central bank stimulus that drove so much wealth creation. Interest rates are rising in the U.S.; China is seeking to curb a record borrowing binge.…
Canada Goose pushes ahead with China expansion in a market overflowing with knockoff parkas
While developing stores in China may help remedy that … Among the shoppers was Wang Weidong, a finance professional who had unsuccessfully tried to buy it at department store — one of the … (…
Beijing plots to make fintech grand thing
Let’s keep it briefer as Beijing’s main aim is to get five to ten “internationally … For instance, the fintech innovation zone/s will be in Xicheng District and Haidian District; a banking and insur… (…
China reports first African swine fever cases in Beijing
China has confirmed the first cases of African swine fever in the capital Beijing, with culls at the two farms affected by the disease taking the total number of hogs slaughtered in the country to…
China’s nascent hunting parks help drive domestic tourism
The crack of gunfire echoed across the Chinese countryside as finance worker Bo Wen pulled the trigger on a double-barrelled shotgun. His prey, a brown pheasant 10 metres away, stood little chance. Gu… ( read…
Will China Have A Financial Crisis? (Video)
China’s financial sector faces a huge pile of debt. Some experts argue that a financial crisis is impossible due to high savings, low foreign debt, and government control over financial institutions. ( read original story…
China and Philippines sign offshore oil and gas deal
China and the Philippines agreed to a controversial deal on … Mr Trillanes on Tuesday circulated what he said was a Chinese draft of the deal, seen by the Financial Times, that proposed equal sharin……
IMF urges China’s central bank to improve communications to ensure financial stability
China’s central bank must improve its communications with market players to ensure financial stability as the country opens its capital markets further to foreign investors, representatives from the I… ( read original story …)
