BEIJING (Reuters) – China’s central bank has been quietly boosting its policy independence and regulatory reach as it seeks to contain risks to the financial system, policy insiders said, to help ensure stability ahead of…
FINANCE
China regulator tackles banking loopholes head on
China’s banking regulator is to tackle rampant regulatory arbitrage by the nation’s banks, via various layers of investment products, according to an internal document, that could cut fund flow into the bond and equity market.…
China is playing a US$9 trillion game of chicken with investors
Yang’s steadfast faith in bailouts illustrates the dilemma for authorities as they try to reduce moral hazard and improve the pricing of risk in China’s financial system: It may require a major WMP blowup to…
Emerging nations urge rich countries to honour climate finance pledges – statement
BEIJING China, Brazil, India and South Africa have urged industrialised countries to honour financial commitments made in Paris in 2015 to help developing countries fight against global climate change, they said in a statement on…
New China-backed leader of Hong Kong says no room for independence
Leaders in Beijing have been increasingly concerned about a fledgling independence movement in the financial hub that returned to mainland rule in 1997 with a promise of autonomy. Hong Kong has seen tumultuous times over…
Emerging nations urge rich countries to honor climate finance pledges: statement
BEIJING China, Brazil, India and South Africa have urged industrialized nations to honor the financial commitments made in Paris in 2015 to help developing countries fight against global climate change, they said in a joint…
China tells lenders to come clean on bad loan levels: sources
SHANGHAI China’s banking regulator has told lenders to conduct “self-inspections” in areas such as using loopholes to circumvent rules, in order to boost supervision of the vast shadow banking sector, according to documents seen by…
China solar, wind to attract $780 billion investment by 2030 – research report
SHANGHAI (Reuters) – China’s wind and solar sectors could attract as much as 5.4 trillion yuan ($782 billion) in investment between 2016 and 2030 as the country tries to meet its renewable energy targets, according…
China's financial industry under greater scrutiny amid latent risks
BEIJING – China’s rapidly expanding financial industry is being placed under greater regulatory scrutiny as authorities step up efforts to curb widespread malfeasance in the sector. In remarks published Sunday, Chinese Premier Li Keqiang pointed…
China's banking sector to enhance financial risk control
China will enhance risk control throughout the banking sector to eliminate financial risks in major fields, the country’s top banking regulator announced Monday. Targeted measures will be taken to address financial risks in the banking…
PBOC official stresses financial support for Beijing-Tianjin-Hebei
BEIJING, April 10 (Xinhua) — A senior official with the People’s Bank of China (PBOC), the central bank, has called for more financial support for the coordinated development of the Beijing-Tianjin-Hebei (Jing-Jin-Ji) region, according to…
China: the government is offering huge financial rewards ($72.000) to any citizen who has information about a secret agent
China is offering huge financial rewards to individuals who possess information related to foreign secret agents. The Beijing Government announced a 500.000 Yuan reward ($72.000) to every single person who will divulge this type of…
U.S. to seek China access for beef, services: White House
Asked in a press briefing whether China had offered concessions on beef and financial services access, as reported by the Financial Times, Spicer said these sectors were among topics that U.S.-China talks would cover. “I…
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