(Bloomberg) — China is giving its central bank greater regulatory powers while merging the watchdogs responsible for banking and insurance, a key move in the nation’s campaign to curb risks in its financial sector. The…
FINANCE
China, Canada, HK at Risk of Banking Crisis
A blow-out in the number can signal that credit growth is excessive and a financial bust may be looming. In China, the gap fell to 16.7% in the third quarter of 2017, down from a…
China merges bank, insurance regulators to tackle risk
BEIJING — China’s government announced plans Tuesday to create a newly powerful regulator to oversee scandal-plagued banking and insurance industries as they try to reduce debt and financial risks. The move is in line with…
China to merge regulators, create new ministries in biggest revamp in years
China will also transfer some of the banking and insurance regulators’ roles to the central bank, the document showed, in a long-awaited move to streamline and tighten oversight of the financial system in the world’s…
Agricultural Bank Of China Announces Prelim Financial Data For 2017
March 12 (Reuters) – Agricultural Bank Of China Ltd 601288.SS>::FY OPERATING INCOME RMB537,041 MILLION, UP 6.13 PERCENT.FY NET PROFIT ATTRIBUTABLE RMB192,962 MILLION VERSUS RMB183,941 MILLION .2017 NET INTEREST MARGIN 2.28 PERCENT VERSUS 2.25 … (…
JPMorgan’s Gartside Is ‘Not at All’ Worried About a Financial Crisis in China
Mar.12 — Alberto Gallo, portfolio manager at Algebris Investments, and Nicholas Gartside, international chief investment officer of fixed income at JPMorgan Asset Management, discuss the risks of a China banking crisis. They speak with Bloomberg’s…
China is at risk of a banking crisis, a central bank body says
The International Monetary Fund , in a report published in December, identified three “major tensions” in China’s financial system that could derail the world’s second-largest economy. But Chinese authorities had acknowledged those risks and taken…
Exclusive: China’s CEFC was scrambling for loans as authorities swooped
Trust lending in China is not as tightly regulated as bank activity, allowing trusts to charge higher rates of interest to borrowers who may struggle to access more traditional forms of finance. “Paying ultra-high interest…
Don’t count on Beijing to resolve fallout from any debt blowup, says expert
The Chinese government needs to wean the debt-laden economy off the belief that Beijing will stage a bailout if problems crop up, says a Tsinghua finance professor. The country has the size and resilience to…
China Ties Future to Xi as Lawmakers Repeal Term Limits
China’s parliament voted to repeal presidential term limits … increase global clout and curb financial and environmental risks. It also ties the world’s most populous country more closely to the fate of a single man…
Curbing financial risk remains central task in China
It has been ten years since a global financial crisis swept the world’s major economies. While a global recovery is finally underway, the world’s second largest economy is staying alert against systemic financial risks. [Special…
‘Be bolder’: Chinese central bank chief Zhou Xiaochuan looks back as he heads for the exit
In what is likely to be one of his last public appearances as head of the People’s Bank of China, Zhou Xiaochuan, 70, said he could not isolate any one pivotal moment in his more…
China builds ambitiously in Africa as US sounds the alarm
And if countries run into financial trouble, they often lose control over their … the U.S. has said, with most debt owed to China. There are obvious reasons why the United States would want to…
