BEIJING — China will pay the biggest price from the new UN … KUALA LUMPUR — Malaysia’s government has launched an inquiry into massive foreign exchange losses by the central bank more than two decades…
FINANCE
Interview: Yassin Fawaz
These include the notorious Bank of Dandong, considered a primary tool of the regime … Washington needs to maintain strong pressure on China, to constantly urge a more assertive role by Beijing to force North…
Carrie Lam meets banking and financial heavyweights in Beijing
Meeting mainland financial authorities in Beijing is a good start for her term, The Chief Executive Carrie Lam Cheng Yuet-ngor said yesterday met the mainland’s commerce minister, as well as leading banking and financial officials…
China central bank chief economist to leave, switch to academic role: sources
BEIJING (Reuters) – The chief economist at China’s central bank, lured three years ago from the private sector into a tailor-made job to improve communication with markets, is set to move to a related academic…
China’s bank regulator lets crackdown deadline slip amid concerns it would weaken some lenders, sources say
China’s banking regulator extended its June deadline by two months for some banks to submit risks assessments, two sources said Some lenders met the deadline and adjusted their operations based on the assessments, but others…
China’s Debt Crackdown Gets a Big Shrug From Global Investors
The Chinese leadership has this year made its strongest commitment yet to curb financial risks and rein in spendthrift local officials, yet the campaign has spurred barely a ripple of concern among global investors. In…
Tightening of China’s internet finance rules likely to favour major players, analysts say
The government’s promise of tighter controls on China’s internet finance industry is likely to be good news for the country’s state-owned players, but could be a death knell for smaller private firms, analysts said. In…
BRIEF-Bank of Beijing plans financial debenture issue, securitisation-related businesses
* Says board approves to issue up to 60 billion yuan ($8.93 billion) financial debentures, 500 million yuan non-performing loan asset-backed securities, and to launch up to 60 billion yuan asset securitisation business ( read…
China’s found a new way to crack down on a secretive—but common—practice
The Shanghai Stock Exchange is zeroing in on any corporate actions that may present financial risks to the market … crash in 2015 wiped out trillions in market value. Meanwhile, China’s slowing pace of growth…
Inclusive finance to lift fintech firms
More banks are to set up inclusive financing to better finance smaller enterprises, farmers and underprivileged people who have little access to financing services, Zhongtai Securities said in a research note. A research note by…
China’s bank regulator lets crackdown deadline slip over stability worries: sources
BEIJING/SHANGHAI (Reuters) – China’s banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of…
China seeks to shed light on its shadow banking system
The bulk of economists and investors outside China agree: the country’s already high debt levels are growing too fast and threaten its extraordinary run of economic growth. That worry is most commonly expressed in reference…
Trump ‘appreciates’ China, Russia backing on tough North Korea sanctions that have ‘big financial impact’
US President Donald Trump has commended China and Russia for their support on a US-drafted resolution ramping up sanctions on North Korea, saying he “appreciates” their votes. “The President appreciates China’s and Russia’s cooperation in…
