China’s level of leverage and debt is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders over…
FINANCE
China’s banking watchdog vows to sort out ‘chaos’
“If the banking industry becomes a complete mess, as the chairman of the China Banking Regulatory Commission, I will resign!” There can be little doubt that this declaration, attributed to regulator Guo Shuqing, signals an…
China central bank injects $73.4 bn of liquidity in April, 18 per cent less than March
BEIJING: China’s central bank injected 506.39 billion yuan ($73.43 billion) into the financial system via short- and medium-term liquidity tools in April, down 18 percent from the previous month, sigalling a bid to rein in…
Resource prices quiver amid China's financial crackdown
But he’d be prudent to keep a close watch on China’s latest clampdown on its huge shadow banking sector, which could be critically important for Australia’s medium-term growth prospects. In particular, Morrison should be keeping…
P2P Lender China Rapid Finance Jumps in Trading Debut
(Beijing) — Shares of peer-to-peer (P2P) lender China Rapid Finance jumped nearly 30% in their first two trading days, kicking off a wave of IPOs for a handful of Chinese financial technology companies aiming to…
China banks hike lending rates for Beijing home buyers: sources
China CITIC Bank (601998.SS), Bank of Beijing (601169.SS) and China Merchants Bank (600036.SS) have also taken similar steps, according to the state-run newspaper. The banks didn’t immediately confirm the changes. China’s central bank didn’t immediately…
The rumored detention of a Chinese exec with Kushner ties could mean upheaval for China's banking system
Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Every regulator is on the move.…
China leverage rising at 'alarming pace': central bank official
SHANGHAI China’s level of leverage is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders over financial…
China’s tightening measures to continue but risks remain if markets pushed too hard
China’s financial authorities expect to continue their supervisory tightening in a gradual and phased manner, but the full impact on markets will depend how strictly the new rules are interpreted and enforced, said analysts. “Strict…
China leverage rising at “alarming pace” – cbank official
SHANGHAI May 1 China’s level of leverage is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders…
China spend on Aust agribusiness triples
China’s investment in Australian agribusiness has tripled in … Australian agribusiness – three times 2015’s investment of $375 million – says a report form financial services provider KPMG and the University of Sydney. The report,…
China Minsheng joins Asia partners to tap Belt and Road investment opportunities
China Minsheng Investment Group (CMIG), the mainland’s largest non-state investment conglomerate, is teaming up with regional financial institutions to set up a new fund worth US$10-15 billion, to tap new economy business opportunities on China’s…
China Factory Growth Plummets
Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers’ efforts to reduce financial risks in the economy weighed on demand.…
