A source at a joint stock bank in Shanghai said the bank used to sell universal … assets and liabilities that could spill over to a broader economy. In December, China Securities Regulatory Commission chairman…
FINANCE
China central bank says to tighten oversight of company debt, bank assets
BEIJING China’s central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of…
Beijing will trust me with Hong Kong’s top job, John Tsang says
“Since 1999, when I became a principal official, I have maintained a good relationship with all my counterparts in Beijing and the relationship has been cordial and constructive. I believe that it would continue to…
China's Bitcoin Drama Isn't A Financial Meltdown
China, currently the world’s largest Bitcoin trader, has caused some complications for the cryptocurrency since the beginning of the year. The amount of Bitcoin traded in the country has plummeted from 10 million a day…
In China, consumers seem to shrug off deadly bird flu outbreak
SHANGHAI (Reuters) – Four years ago, a bird flu outbreak in China killed at least three dozen people, triggered mass poultry culling, put masks on millions of Chinese faces and hammered shares in fast food…
China Cord Blood Corporation to Report Third Quarter and First Nine Months Fiscal 2017 Financial Results
China Cord Blood Corporation (NYSE: CO) (the “Company”) today announced that it plans to release financial results for the third quarter and first nine months fiscal year 2017 on Friday, February 24, 2017, after the…
China eases restrictions on stock index futures trading
The Shanghai-based China Financial Futures Exchange (CFFEX) announced on Feb 16 that it was easing restrictions on domestic stock index futures trading. [Photo/VCG] BEIJING – The Shanghai-based China Financial Futures Exchange (CFFEX) announced late ……
China's economy doesn't look so wonderful when you look at the really big numbers
The volatile data showed year-over-year growth of 16.4 percent when adjusted for financial transactions such as debt swaps, according to Larry Hu, chief China economist at Macquarie. That’s roughly in line with the last six…
China to avoid financial shock, hit high income status by 2027: Morgan Stanley
Morgan Stanley is bullish on China’s long-term economic outlook in its recent report, saying the country will avoid a bank crisis and surpass the World Bank’s standard of high income status by 2027 (a per…
China's overseas investment, property purchases slump as capital controls bite
BEIJING China’s non-financial outbound direct investment (ODI) slumped in January and its offshore property purchases plunged after authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country…
Experts call for better fintech regulation in China, Hong Kong
Financial technology experts are calling for better regulations in China and Hong Kong to help the industry thrive, especially since existing laws still lag behind the pace of innovation and technology. China, which is home…
China relaxes trading rules on stock index futures
SHANGHAI Feb 16 The China Financial Futures Exchange will relax rules on stock index futures trading, it said late on Thursday. From Friday, the exchange will ease rules restricting so-called “excessive trading”, while margin requirements…
Cosmax opens new colour cosmetics facility in China
With full-scale production capabilities of 200 million cosmetics per year in China, the colour cosmetics facility in the Fengcheng District, Shanghai, China will focus on building its annual output and localisation within China. As of…
