Even badly bruised small caps shrugged off early weakness to end the morning higher, though traders were not sure if their recent sharp correction has ended. The blue-chip CSI300 index rose 1.1 percent to 3,707.23…
FINANCE
China’s Central Bank Sheds Light on How Much State Spending Matters
Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter. China’s central bank is offering investors an unprecedented running commentary on how it deals with one of the most…
Xi’s Risk-Off Push Ripples Through China as Transition Nears
Some Chinese lenders received an order from the China Banking Regulatory Commission earlier this month to lower their rates on WMPs, according to people familiar with the matter. The requirement applies to on-balance sheet WMPs,…
Bank of America halts HNA transactions amid debt concerns, people say
Representatives for Bank of America, Citigroup and Morgan Stanley declined to comment. Support from Western banks has helped fuel a debt-backed buying spree by HNA, as it expanded from its home base on China’s sunny…
Bad Loans in China Set to Climb
More businesses in China may be unable to repay their bank loans in coming years as the economy slows while the government steps up its deleveraging campaign, according to a state-owned asset management company (AMC)…
China growth steady despite crackdown on financial risks
Financial analysts believe China’s economy will slow later this year as Beijing moves to deflate the country’s credit bubble and achieve sustainable growth. The world’s second-largest economy served up gross domestic product (GDP) growth of…
China’s financial efforts help offset global risks
China’s efforts to rigorously reform and continue opening up of its financial sector will contribute to global efforts to contain risks, said analysts. Against the backdrop of weak recovery from the financial crisis and policy…
China central bank to coordinate work of new financial oversight body
BEIJING (Reuters) – China’s powerful central bank will be in charge of coordinating a new financial oversight body mandated by President Xi Jinping to get the country’s often siloed regulators to work together to contain…
Beijing Capital Land proposes bond via Beijing Financial Assets Exchange
HONG KONG, July 17 (Reuters) – Beijing Capital Land Ltd plans to list a bond worth up to 2 billion yuan ($296 million) on the Beijing Financial Assets Exchange (CFAE), a refinancing route that is…
China central bank says will strengthen coordination of financial regulation
BEIJING (Reuters) – China’s central bank said on Tuesday that it will strengthen the coordination of financial regulation across different agencies, following a once-in-five-years top level financial work meeting on the weekend. The central bank…
China c.bank to host office for financial supervisory body
BEIJING (Reuters) – China’s powerful central bank said it will host an office for a new financial oversight body personally mandated by President Xi Jinping to coordinate the country’s often siloed regulators in an increasingly…
China’s banking regulator stresses risk prevention after key meeting
China’s top banking regulator said Monday it will place more priority on proactively preventing and defusing financial risks. The China Banking Regulatory Commission (CBRC) said in a statement it will focus on guarding against risks…
China’s new financial watchdog has work cut out for it
Nine years after the fall of the US-based Lehman Brothers bank in 2008, which triggered a global financial crisis, China has a shield against its own Lehman moment: a financial stability committee. While details of…
