Lord Turner reckons the authorities in Beijing could contain a financial crisis – but the inevitable slowdown in the Chinese economy that would follow would prove costly to the rest of the world. But he…
FINANCE
‘South China Sea claimants will suffer if harsh to China’
“By entering into weighty financial agreements, we may end up not only tying … Critics say the agreed outline of key principles is lopsidedly in China’s favor and suspect that Beijing may have consented to…
China regulators plan to crack down further on overseas deals
Officials at the banking regulator, the commerce ministry … the property-to-film conglomerate Dalian Wanda and Anbang Insurance Group. Beijing’s stepped up deleveraging campaign, as part of efforts to control debt risk to the broader financial…
Bank body sees steady year ahead
“China’s steady and upbeat economic conditions, prudent and neutral monetary policy and the banking industry regulator’s effective … By the end of 2016, Chinese banks in Beijing had offered 4 billion yuan in such loans.…
How This Silicon Valley Giant Is Backing China’s Tech Ambitions
Qualcomm is providing money, expertise and engineering for Beijing’s master plan to create its own technology … that could enable China to break into the lucrative mainframe banking business. “There’s a great deal of unease…
China’s Resource Diplomacy: It’s not Charity for sure
… bank is highly regarded as a competitor or alternative to the IMF and World Bank. China’s economic clout in Africa has strengthened and there are fears that Beijing would use these development banks as…
UN moves to cut a third of North Korea’s $3 billion annual export revenue over ICBM tests
Carlos Barria/Reuters The draft resolution would also add nine individuals and four entities to the U.N. blacklist, including North Korea’s primary foreign exchange bank, subjecting them … new resolution is adopted as Beijing is still…
China the pillar of BRICS financial cooperation: Expert says
Emmanuel Daniel, chairman of The Asian Banker, in an interview on the sidelines of The Future of Finance China 2017 Summit in Beijing, Aug 3, 2017. [Photo by chinadaily.com.cn] BRICS is an attractive investment proposition…
Fugitive Chinese tycoon’s niece and finance chief guilty of fraud
Xiao Yanling, deputy financial officer of the company … Apart from the cases concerning his company, Guo has been sued by China’s vice minister of housing and urban-rural development Huang Yan, actress Fan Bingbing, journalist…
Tehran, Beijing to Expand Banking Relations
In view of the scale of Chinese finance coming from Iran, China’s Ambassador to Iran Pang Sen and Governor of the Central Bank of Iran Valiollah Seif in a meeting on Wednesday emphasized the importance…
Electric-car startup Faraday Future shakes up its executive ranks amid scramble for cash
Newly hired chief financial officer Stefan Krause … marking the first time he will assume an official role at Faraday Future. Jia is the founder of the Beijing-based electronics company LeEco, which has been bleeding…
Coal-fired power plant in China issues green bonds
To promote new methods of financing to back China’s transition to cleaner growth, Beijing opened five “green finance” pilot zones. Under the program, the government is going to spend at least three trillion yuan ($450…
China Firms Call for More Tax Cuts in Government Survey
and challenging project,” Liu Shangxi, the head of the academy, which is under the Ministry of Finance, told a news conference in Beijing. Besides the tax costs, Chinese firms are having to pay increasingly higher…
