The decision by prominent US financial agency S&P Global Ratings to downgrade China’s sovereign rating is likely to deter some financial liberalisation plans under consideration in Beijing, particularly as the decision was made at a…
FINANCE
The next financial crisis is coming, I just don’t know when
“The Next Financial Crisis”. It lays out numerous possible triggers – a recession; a clumsy central bank unwind; deflation; an asset market crash; a collapse in market liquidity. Triggers could come from Italy, China, Japan…
China’s securities regulator hands out more fines
China’s securities regulator has handed out more fines to punish market violations amid tightened financial supervision in the first eight months of the year. From January to August, the China Securities Regulatory Commission has given…
China should open up financial sector: think tank
China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. China has made significant headway in opening up its financial sector over the…
‘A US Trade War With China Will End US Monopoly on Global Financial System’
saying that the restrictions could involve cutting off Beijing’s access to the US financial system. “If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US…
Chinese media warn about ‘lessons’ for South Korea when it ignores Beijing’s ‘concerns’
China has not acknowledged any official ban on South Korean businesses. Still, in a Tuesday editorial, state media hinted at a causal relationship between acting against Beijing’s wishes and business hardship. A consumer boycott was…
China’s c.bank tells banks to stop doing business with N.Korea
China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in … China’s central bank did not immediately respond to a request for comment.…
China: S&P Downgrades Debt Rating, Citing Financial Risks
S&P Ratings cut China’s sovereign debt rating one notch to A plus from AA minus, its first such action since 1999, saying a long period of borrowing has increased China’s economic and financial risks. But…
S&P China Rating Downgrade Is ‘Wrong Decision’
Standard & Poor’s made the ‘wrong decision’ by downgrading China’s sovereign debt rating, China’s Ministry of Finance has said. As the Wall Street Journal’s Liyan Qi reports: There was nothing new in concerns expressed by…
Dublin-Beijing air route awaits China approval
A direct service between Dublin and Beijing has been approved by Hainan Airlines and the … Gretchen Friemann Bank of Ireland has confirmed the sale of IBI Corporate Finance to the unit’s management in a…
China Finance Ministry Says S&P’s Downgrade Is ‘Wrong Decision’
The government also responded with a briefing Friday in Beijing. S&P overstates government debt by including some debt of state-owned enterprises, Liu Shangxi, head of of the Finance Ministry’s Chinese Academy of Fiscal Sciences, told…
Trump’s financial strategy persuades China to put screws to North Korea
President Trump persuaded China to freeze all financial transactions with North Korea and ordered a new round of U.S. sanctions Thursday, closing out his first U.N. General Assembly with a major diplomatic victory in his…
S&P pours cold water on Beijing’s upbeat economic narrative
A sovereign rating downgrade could make it more costly for Chinese companies and the government to borrow money on the international market, and more difficult for Beijing to attract investors to its financial markets. China…
