China’s concerted effort to slash financial leverage and clean up its messy yuan 76 trillion ($14.8 trillion) shadow banking sector is fraught with political and economic risks. There is a real danger that the aggressive…
FINANCE
China Bank woos RCBC for merger talks
Multiple industry sources said China Bank has initiated merger talks with the Yuchengco-owned RCBC – the bank used as a conduit for the $81-million fund hacked from Bangladesh Bank to Philippine casinos last year –…
China’s Financial Sector Clamps Down On Wealth Management Products
The growing risks in China’s financial sector have long been a hot topic on Wall Street, but until recently, the country’s policymakers have been willing to overlook these risks as growth has blossomed. Now, however,…
China's going to have to tighten its belt if it wants OBOR to be a success. Read why
China’s just-completed conference touting its Belt and Road initiative certainly looked like a triumph, with Russian President Vladimir Putin playing the piano and Chinese leaders announcing a string of potential deals and massive financial pledges.…
'Dr Doom' highlights global financial risks
Veteran expert says China can learn from the mistakes of Western economies as it plays an increasingly influential role Chinese financial institutions should become increasingly aware of global financial market risks and learn from the…
Analysis: How China’s shadow banking crackdown will help clear the skies
China’s overdependence on heavy industry and construction is not only an environmental hazard — it’s a massive financial risk. If there’s one certainty in China it’s this: Just when you think you have something figured…
China central bank says detects no cases of ransomware infection
BEIJING China’s central bank said on Friday it had not detected any cases of infection by the recent global ransomware attack, but was monitoring the situation and would take timely and urgent action. In an…
How China is banking on infrastructure to become the next USA
The American obsession with President Donald Trump and the investigation into untoward Russian influence is distracting us from China’s bid to displace the US when it comes to global leadership. The latest major step is…
China's confused market strategy reveals old flaws
In February the normally soft-spoken Liu Shiyu, chairman of the China Securities Regulatory Commission, attacked financiers he called “giant crocodiles”. The next month Guo Shuqing, the newly appointed head of the bank watchdog, said he…
China Is Using the Yuan to Combat Risk of a Market Meltdown
After meeting expectations earlier in the year, the reference rate used by the People’s Bank of China to manage the yuan has come in stronger than the forecasts of four banks who regularly track the…
Banking regulators vow to eliminate secondary risks
BEIJING – To strike a balance between financial stability, gradual deleveraging and stable economic growth, China’s banking regulators have rolled out a slew of measures. Authorities have said the country will continue to implement a…
Chanos Says More Stresses Apparent at 'Loaned Up' Chinese Banks
Stresses in China’s banking system are becoming more apparent amid the mounting pile of credit extended by the nation’s lenders, according to Jim Chanos, the hedge fund manager who predicted the 2001 collapse of Enron…
China: Central bank establishes new fintech committee
THE People’s Bank of China has established a new fintech committee to study the impact of financial technology on monetary policy, financial markets, payment and clearing mechanisms. The bank announced the plans on Monday, saying…
