Meanwhile, the outstanding amount of wealth-management products, especially those sold to other financial institutions, fell, the regulator said. Interbank lending and shadow-banking products are key targets in China’s push to rein in risks associated ……
FINANCE
China to relaunch the world’s fastest bullet trains
BEIJING — China is relaunching the world’s fastest bullet trains, running at 350 kilometres (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next month, making the 1,250-kilometre (777-mile)…
Schedules and roadmaps to be made to open finance industry
While China has made progresses in investment liberalization and facilitation, certain industries, otherwise known as sensitive industries, are still with significant entry barriers to foreign investment. Finance is such a sensitive area. For life ……
China Soon to Become Germany’s Economic Rival
The Chinese government has adopted a ‘Made in China 2025’ economic development strategy which is emerging as a huge risk to Germany’s economic base, says economist Christian Rusche from the IW think tank in Cologne.…
China Codifies Crackdown on ‘Irrational’ Outbound Investment
chief China economist at Morgan Stanley in Hong Kong. “Policy makers are also concerned about the potential investment loss and financial risk related to the takeover of ‘trophy assets,’ a lesson they might have learned…
China’s ‘dangerous’ debt boom could end badly for all
The fund’s hard-hitting review of China’s economy says there is no international precedent for such a large credit boom culminating in anything other than a sharp downturn or a financial crisis. The fund’s loss of…
Australia just rely on China and kick the reform can down the road
The other inherent tension is that maintaining rapid economic growth will require China to liberalise its financial sector so that its huge pent-up pool of savings can find its most efficient use and so that…
China Opens New Chapter in Global Nuclear Deterrence
China is developing a new sea-based intercontinental ballistic missile (ICBM), the Julang-3 (JL-3), according to local media. The development of JL-3 missile was initially reported several years ago. It’s expected that the new missile will…
Concerns growing over scale of China’s debts
“Everyone knows there’s a credit problem in China, but I find that people often forget about the scale. It’s important in global terms,” Charlene Chu said in an interview with the Financial Times. Chu, who…
Why China is Apple’s biggest hope and greatest headache
“We feel very good about the performance in China,” Luca Maestri, Apple finance chief, told the Financial Times earlier this month. “We think [China sales] will continue to improve in the September quarter.” But analysts…
Ikea gears up for more store expansion in China
Ikea Group plans to open three new stores in China in its new financial year, which has just started, the head of the Swedish furniture and home accessories group in China said on Thursday. People…
China banking regulator says encouraging banks to speed up disposal of bad loans
BEIJING (Reuters) – China’s banking regulator said on Friday it is encouraging banks to speed up disposal of non-performing loans (NPLs) and will maintain its push for asset-backed securitization of NPLs. The regulator will go…
Chinese banks battle slowing loan growth, default risks loom
with more doors shut in the shadow banking, which has been a source of profits to offset the impact on net interest income.” Reporting By Shu Zhang in BEIJING and Engen Tham in SHANGHAI, additional…
