The recently established Financial Stability and Development Committee responsible to the State Council, China’s Cabinet, is another important move to strengthen the country’s financial security and help the People’s Bank of China, the central bank…
FINANCE
China’s Stability at Stake as the Next Generation of Money Men Rises
Sign up here to receive our newsletter. As the retirement of People’s Bank of China Governor Zhou Xiaochuan nears, his legacy of financial reform may yet live on through the advancing careers of people he’s…
China central bank unlikely to tighten policy further in second half: adviser
BEIJING (Reuters) – China’s central bank is unlikely to tighten policy further in the second half of this year, which could cap rises in market interest rates, a central bank adviser on Tuesday was quoted…
The Latest: Trump signs executive action on trade with China
President Donald Trump has signed an executive action that asks his trade office to explore a possible investigation into China for the alleged theft of American technology and intellectual property. Trump suggested at the Monday…
China appeals to Trump to avoid ‘trade war’
BEIJING — China’s government appealed to U.S. President Donald Trump on Monday to avoid a “trade war” ahead of what the White House says is a possible announcement of an investigation into whether China is…
PBOC puts US$1.27 trillion of bank debt under closer scrutiny
China’s central bank said it will start to closely examine 8.43 trillion yuan (US$1.27 trillion) of money market debt issued by big banks from next year. The People’s Bank of China said in its second-quarter…
Beijing’s fear of financial crisis ‘drives crackdown on big borrowers’
Beijing’s fear of a massive financial crisis is driving its sweeping crackdown on big borrowers such as conglomerates Dalian Wanda and LeEco, according to an opinion piece in Communist Party mouthpiece People’s Daily on Monday.…
China to cut off North Korean imports under UN sanctions
BEIJING — China announced Monday it will cut off imports of North Korean coal, iron ore and other goods in three weeks under U.N. sanctions imposed over the North’s nuclear and missile programs. China, the…
China banks report higher first-half profits, steady bad loan ratio
China’s banking regulator has pressed commercial lenders this year to clean up their operations and reduce risk, as a surge in total lending causes the country to pay increasing attention to the health of its…
Trump to request possible probe of China trade practices
BEDMINSTER, N.J. — Even as he seeks Beijing’s help on North Korea, President Donald Trump plans to sign an executive order asking his trade office to consider investigating China for the alleged theft of American…
China frees top Australian Crown casino executive from jail
BEIJING — Chinese authorities on Saturday released from jail a top Australian executive at a casino company following the completion of his sentence on gambling-related offences. Jason O’Connor, head of Australia’s Crown Resorts Ltd.’s ……
Can Xi Jinping head off the grey rhinos in China’s economy?
That is what has happened with China’s massive and fraud-ridden financial system in which a herd of “grey rhinos” brazenly grew, charged around, and punched big holes, threatening to sink the system with a full-blown…
US company offers to take financial risk of new MH370 search
U.S. seabed exploration company Ocean Infinity said on Friday it had offered to take the financial risk of a renewed search for … far off course on a journey from Kuala Lumpur, Malaysia, to Beijing.…
