The central bank would cooperate with industry participants, including financial industry and technology firms, to develop inclusive finance, Zhou said, adding that the PBOC would grant incentives in credit policy. China still had large potential…
FINANCE
In Reshaping China’s Financial Regulation, Is Big Better?
Should China’s central bank become the super-regulator of its financial system? The question surfaced about a year ago, as a barrage of financial-market turmoil, complex and sometimes-fraudulent new investment products, as well as currency pressures…
China's corporate debt levels are excessively high: central bank governor
BEIJING China’s corporate debt levels are excessively high, the head of the central bank said on Friday. Banks cannot support firms with high leverage, People’s Bank of China Governor Zhou Xiaochuan told reporters at a…
China central bank chief says making monetary policy neutral will help supply-side reforms
BEIJING Making monetary policy neutral will help China’s supply-side reforms, the head of the central bank said on Friday. China’s monetary policy is prudent and neutral and the central bank has many tools at its…
China gives greenlight to dozens of Trump trademarks
SHANGHAI/WASHINGTON (Reuters) – China has granted preliminary approval for 38 trademarks … They list business areas including branded spas, massage parlors, golf clubs, hotels, insurance, finance and real estate companies, retail shops, restaurants … (…
China posts first monthly trade deficit in three years as imports soar
with China-bound exports dropping 13.4 percent. Elsewhere, Trump administration trade adviser Peter Navarro said on Monday that the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues. Meanwhile, the…
China Rapid Finance CEO Reports: China Consumer Finance Challenge Needs High-Tech Solution
Dr. Zhengyu (Zane) Wang, founder, chairman and CEO of China Rapid Finance Limited, revealed at the 2017 LendIt USA 2017 conference the challenges to expanding consumer finance in China’s population. According to Wang, the country…
Major Chinese corn region seeks more financial aid from Beijing
BEIJING, March 8 China’s second-largest corn-producing region has asked Beijing for more financial aid as farmers struggle with low prices and bulging stocks a year after the government ditched its decade-long buying policy and efforts…
China's banks to see slower asset growth this year: Zheshang chairman
said the chairman of China Zheshang Bank Co, one of the fastest-growing listed Chinese lenders. Shen Renkang estimated asset growth for China’s 21 national banks will be less than 10 percent this year, compared to…
It May Be Another Record Year in China for Fintech, Accenture Says
The country’s financial-services giants will probably ramp up investments in areas including artificial intelligence, blockchain, so-called big data and cyber-security to improve their product offerings, Albert Chan, managing director of China financial … ( read…
China focuses on risk control as economy firms
China has moved to channel more energy into risk control in its financial sector after the slowing economy showed more signs of warming due to pro-growth measures.[Special coverage] The government work report delivered by Premier…
China Consumer Finance Challenge Needs High-Tech Solution, China Rapid Finance CEO Tells LendIt
The challenge of expanding consumer finance to China’s vast population can only be effectively tackled with a high-tech solution that enables low-cost customer acquisition, Dr. Zhengyu (Zane) Wang, founder, chairman and chief executive officer of…
China’s finance minister sees ‘relatively large’ room to increase govt debt
China’s government has “relatively large room” to incur debt, China’s finance minister Xiao Jie said on Tuesday, sending a message that Beijing is ready to increase government borrowing to bolster growth if needed. Xiao, a…
