Speak to China experts these days and you typically get one of two contrasting views on its outlook. The prevailing wisdom is that an unreformed state-industrial sector and rising debt mean it is on an…
FINANCE
China Deepens VAT Reform to Combat Financial Complexity
China announced to deepen its value-added-tax (VAT) reform again on August 18 this year at a State Council executive meeting chaired by Premier Li Keqiang. The government’s newest move sets out to enhance the non-standardized…
China’s cat-and-mouse game over capital outflows set to continue
At that time, the renminbi weakened sharply, capital outflows surged and the stock market crashed. In Beijing’s view, financial risk remains paramount still — even though the scary, unvirtuous circle of a weakening renminbi, ever…
China c.bank: Rollover of special treasury bonds won’t affect financial markets
BEIJING, Aug 22 (Reuters) – China’s central bank said on Tuesday that the rollover of special treasury bonds will not affect financial markets and banking sector liquidity. The central bank will buy the special treasury…
Senior Executive at China Minsheng Bank Targeted in Graft Probe
(Beijing) — A senior executive at China’s largest private bank–China Minsheng Bank–has become the latest target of an anti-corruption campaign that has brought down several regulatory officials and executives in the financial sector. Lin Xiaoxuan…
China tells prosecutors to get tough on ‘financial ‘crocodiles’ … and make it snappy
Chinese prosecutors have been told to show no mercy to the “financial crocodiles” who threaten economic stability, in the latest sign that Beijing is prepared to use all of its judicial and executive apparatus to…
China’s Great Wall says it’s watching Fiat Chrysler, but no talks between companies yet
China’s largest sport utility vehicle (SUV) manufacturer made a direct overture to Fiat Chrysler on Monday, with an official saying the company was interested in all or part of FCA, owner of the Jeep and…
Focus on financial risk puts China on a more sustainable path
After years of hyper rapid credit growth, China’s leadership now has a laser-like focus on reducing financial risk. Not so long ago this issue was met with official silence. Since late 2016, President Xi Jinping…
Ford, China’s Zotye Auto plan JV to build electric vehicles
Both firms will hold a 50-50 stake in the JV, it said. It did not provide details of financial commitments nor say by when it will take a firm decision on the JV. Ford sees…
China shares higher on continued Unicom surge
SHANGHAI, Aug 22 (Reuters) – China stocks ended higher as a unit of China Unicom surged by the daily limit for a second day, and as financial and materials firms also experienced strong gains. The…
Exclusive: China’s ‘big four’ banks raise billions for Belt and Road deals – sources
bolstering Beijing’s ambitions as private capital pulls back. The people said China Construction Bank Corp (CCB) (601939.SS) (0939.HK), the country’s second-biggest bank by assets, was raising at least 100 billion yuan ($15 billion) for a…
UAE-China economic cooperation to drive success of Belt & Road Initiative
Discussions also centred on the challenges and opportunities in promoting Islamic financial instruments in China with a focus on Islamic Sukuk. The impact of Dubai’s emergence as the largest Islamic Sukuk hub in the world…
China Shifts Course on Financial Markets
According to a study by Citigroup Inc., China is shifting its approach to financial markets, which is projected to result in faster economic growth. China’s efforts to internationalize its currency faced major obstacles back in…
