BEIJING China should prudently manage the country’s debt deleveraging process and seek to avoid a liquidity crisis and asset bubbles, according to a central bank a working paper published on Wednesday. China should let market…
FINANCE
China c.bank lends $57.3 bln via MLF, rates unchanged
BEIJING Feb 15 China’s central bank said on Wednesday it lent 393.5 billion yuan ($57.30 billion) to 22 financial institutions via its medium-term lending facility (MLF). Interest rates on the MLF loans were unchanged at…
China's banks extend second most loans on record in January as central bank signals tightening
BEIJING Chinese banks extended 2.03 trillion yuan (237 billion pounds) in net new yuan loans in January, the second-highest monthly tally on record, even as the central bank tries to contain the risk from years…
On the frontline of China's spending revolution: small loans, big data
Mao Wanyuan, who helps supervise non-bank financial institutions at China’s banking regulator, told reporters in December that inclusive finance firms still lacked adequate experience to manage risk. For Home Credit and other nationally licensed consumer…
China’s lead in fintech investment an opportunity for UK firms, says report
China leads the world in capital being poured into the financial technology sector, with investment estimated to top 56 billion yuan in 2016 on strength in payments and alternative finance, according to a UK-government sponsored…
China new bank loans surge in January to $300 bn
Chinese bank lending surged in January, the central bank said Tuesday, as concerns grow that a flood of credit is increasing financial risks in the … said the People’s Bank of China. Analysts have been…
Globe editorial: When it comes to stopping North Korea, China holds the key
A North Korean émigré, Hyeonseo Lee, the author of a new book called The Girl with Seven Names, has rightly said in an interview with the Financial Times that “China has all the keys right…
China Fails to Cut Steel Output
A study commissioned by Greenpeace has found out that China massively expanded its steelmaking capacities last year, despite pledging to cut output amid a steel glut that has led to a global crisis in the…
China Focus: Inflation quickens on firming economy, monetary policy in focus
For China’s economy as a whole, the PPI data offered a broad positive as rising prices could boost corporate profits and help contain financial risks. Tuesday’s data also showed the consumer price index (CPI) grew…
China to avoid bank shock, reach high income: Morgan Stanley
Hong Kong: China will likely avoid a financial crisis and is on track to reach high income status by 2027, according to a new Morgan Stanley report on the nation’s longer-term prospects titled “Why we…
China's obsession with skyscrapers reaches new heights
As an example, China’s financial conglomerate Ping An last month completed the 600-metre, 115-storey Ping An International Finance Centre in Shenzhen’s central business district, which surpassed One World Trade Center in New York City to…
Estée Lauder praised for digital achievements in China
So much so, that it has been rewarded for its efforts as two of its brands have joined the list of China’s top 10 beauty brands. L2, an intelligence provider, compiled performance data through its…
Inflation picks up to multi-year highs in China as central bank eyes tighter policy
BEIJING China’s producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity…
