The government issued draft rules targeting illegal fundraising on Thursday, as the authorities step up a campaign to crack down on risky and illicit behaviour in the country’s financial sector. In China’s rapidly developing financial…
FINANCE
China’s Wanda denies website report its founder was detained
Wang is one of China’s richest businesspeople … The seller, Eldridge Industries, called off the deal in March, saying Wanda failed to complete the purchase. Financial markets were rattled in February by reports another billionaire,…
China needs clear boundaries between state and markets, says central bank researcher
“The first institutional problem that leads to financial chaos is unclear boundaries between government and the market”, Xu was quoted as saying on the official Wechat account of the China Finance 40 Forum, a well-known…
China merging state-owned energy giants
BEIJING — China’s government says it will merge two of its biggest coal and power companies amid a campaign to make state industry that dominates the economy more efficient and profitable. The merger announced Monday…
Angry at EU’s public finance demands, Greece embraces China’s cash and influence
After years of struggling under austerity imposed by European partners and a chilly shoulder from the United States, Greece has embraced the advances of China, its most ardent and geopolitically ambitious suitor. While Europe was…
Yum China : Announces Appointment of Jacky Lo as Chief Financial Officer
SHANGHAI, Aug. 28, 2017 /PRNewswire/ — Yum China Holdings, Inc. (the ‘Company’ or ‘Yum China’) (NYSE: YUMC) today announced the appointment of Jacky Lo as its Chief Financial Officer, effective September 1, 2017. ‘We’re delighted…
India and China Agree to End Border Standoff
India and China have agreed to an “expeditious disengagement” of troops in a disputed border area where their soldiers have been locked in a stand-off for more than two months, India’s Foreign Ministry said on…
BRICS youth expect summit to enhance cooperation in finance, trade, education
Anait Agadzhanian from Russia, who majors in finance, will graduate from Xiamen University this year. She plans to find a job in China because she thinks she has more opportunities here. Agadzhanian said she believes…
China needs clear boundaries between state and markets – central bank researcher
BEIJING, Aug 27 (Reuters) – China needs clear boundaries between the government, markets and companies to avoid distortions and “chaos” in financial markets, the head of research at China’s central bank said according to remarks…
Top anti-graft inspector at China’s finance ministry under investigation for graft
BEIJING: The head of the anti-graft committee for China’s Ministry of Finance has been put under investigation himself for suspected graft, the ruling Communist Party’s anti-corruption watchdog said on Sunday (Aug 27). Mo Jiancheng was…
Official Passenger Air Transportation Services Partner for Beijing 2022
Air China Limited (“Air China”) has become the Official Partner of the Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games (“Beijing 2022”) on August 23, 2017, the company said. Chen Jining, acting…
Andrew Collier on the Upside of Shadow Banking in China
Collier, however, argues that Beijing has the wherewithal to handle future financial challenges. You make the case that shadow banking has allowed China’s market economy to flourish without directly challenging state control. How? There are…
China Minsheng Bank information chief under investigation for suspected corruption
A senior executive at China Minsheng Bank is being investigated by the government’s banking watchdog on suspicion of “serious violation of discipline”, amid an ongoing anti-corruption crackdown in the financial industry. Lin Xiaoxuan, the bank’s…
