China will strengthen the coordination of financial regulation, stabilize the property market and prevent systemic financial risks, according to a statement issued after a top leadership meeting on July 24. “Financial disorder will be tackled…
FINANCE
China Art Financial : Positive Profit Alert
This announcement is made by China Art Financial Holdings Limited (the ”Company”, and together with its subsidiaries, the ”Group”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange…
China would cut growth to manage risk – Yahoo7
eventually lead to large systemic risks that would cause serious harm to China’s economy,” Yang Weimin, vice minister of Office of the Central Leading Group on Financial and Economic Affairs, said. “We would rather sacrifice…
Value of U.S. deals in China sinks on rising trade tensions
Bankers and lawyers involved in deal making say that increasing signs of trade friction between Washington and Beijing are acting as a deterrent … two countries,” said a senior M&A banker at a U.S. bank…
Who should lead China’s new agency to fend off financial crises?
China’s premier or a vice-premier should head a new government agency to draw up polices to regulate financial markets and address risks such as spiralling debt facing the economy, according to analysts. China’s top leaders…
China industrial profits jump 19.1 percent year on year, weather higher financing costs
BEIJING (Reuters) – Earnings for China’s industrial firms surged 19.1 percent in June … Chinese policymakers launched a flurry of regulatory measures early this year to tackle financial risks from a rapid build-up in debt.…
Moody’s upgrades China’s banking system outlook, first since 2015
SHANGHAI, July 27 (Reuters) – Moody’s Investors Service changed its outlook for China’s banking system to stable from negative … amid slowing growth and a rise in struggling borrowers, Beijing has adopted measures, from debt-to-equity…
Bank of Beijing : Trump transgender ban makes military, political sense, despite obvious inconsistency
There’s good sense behind President Trump’s military ban on men longing to be women and on women aspiring to manhood. First, there is no persuasive reason for taxpayers (or the Bank of Beijing) to go…
Foreign banks get investment boost
Advertisements for domestic and foreign banks in Beijing Financial Street. [Photo by Yu Zhiqiang/For China Daily] China has loosened up market access for foreign banks that want to invest in domestic lenders. Industry insiders expect…
China’s banks are now stable as ‘shadow’ banking looks less threatening, Moody’s says
Moody’s Investors Service no longer takes a negative view on China’s banking system, raising its outlook to stable on Thursday as concerns over so-called shadow banking eased. “The government’s adoption of more coordinated policy measures…
China: coming back down to earth
China’s economic and financial linkages to the rest of the world have undoubtedly been growing, but they are probably still not large enough for financial problems in China to cause a major downturn in the…
BlackRock likes financials, industrials as China’s growth becomes more sustainable
Global investors are likely to add weight to Chinese equities this year as financial deleveraging by the government leads to more sustainable economic growth, according to Lu Wenjie, China investment strategist at BlackRock, the world’s…
China Bank Backs Off 15-U.S. Cent Credit Limit for LeEco Staff
China Construction Bank Corp. (CCB) has restored the credit limits on some credit cards belonging to employees of LeEco after unilaterally cutting the limits to 1 yuan ($0.15) while it conducted credit-risk assessments on the…
