Weighed by its mounting debt, China is posing one of the biggest risks to global financial stability. Though it seems there is no imminent crisis, the threat of a financial crisis from China would be…
FINANCE
Trust issues? China targets a $3 trillion shadow banking industry
SHANGHAI (Reuters) – As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart…
China stocks fall as banking, resources firms take a breather
Shanghai: China stocks fell on Thursday, as profit taking in resource shares following their recent rally and weakness in the banking sector offset strong gains in real estate companies. The blue-chip CSI300 index fell 0.5…
Bank of China’s 75 years in Australia highlights story of ‘resilience, friendship’
A man speaks on the phone outside the Bank of China head office building in Beijing, March 30, 2016. [Photo/VCG] For those on hand, the event signified a great deal more than the bank’s incredible…
7 Reasons Why China Banned ICOs
In a joint decree from seven financial regulators—including the People’s Bank of China, the Ministry of Industry and Information Technology, and the China Banking Regulatory Commission—state officials laid out their reasoning. The group said they…
China Everbright Bank Luxembourg Branch officially opens
China Everbright Bank (Europe) S.A. and China Everbright Bank Luxembourg Branch officially started their business operations on Friday. It was hailed by the bank as a crucial step in implementing the Belt and Road Initiative,…
‘Silk Road’ plan stirs unease over China’s strategic goals
The Asian Development Bank says the region, home to 60 per cent of the world’s people, needs more than $26 trillion of such investment by 2030 to keep economies growing. The initiative is in many…
What’s “All of the Fuss” About China’s ICO Ban?
The September 4 announcement, however, of an ICO ban in China caused a momentary global panic that sent Bitcoin prices on a temporary tumble. The People’s Bank of China (PBoC) deemed ICO’s illegal, ordering all…
China August imports beat expectations, but exports disappoint
China on Friday reported data pointing to strong domestic demand as imports beat expectations in August, although overall export growth eased. In August, China reported August exports were up 5.5 percent from a year ago…
China shares pioneering environmental finance experience with the world
Experts from around the world attended the 2017 International Green Finance Forum in Beijing Tuesday, at which they discussed how to make green finance mainstream around the globe to help deal with climate change. The…
Technology should play bigger role in banking, say finance experts
according to participants at a forum on the finance sector’s transformation and innovation held by the IDC China research company in Beijing. “Where is the bank?” asked Cyrus Daruwala, managing director of financial insight at…
Bitcoin tumbles on report China to shutter digital currency exchanges
… cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that authorities plan to shut key bitcoin exchanges in China. Reuters was not immediately able to verify the report. The news…
China raises yuan rate to 16-month high as dollar sags
China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session on Friday, pushing the unit to its highest level in 16 months. The People’s Bank of China (PBOC)…
