Below is a new interview with Ken Rogoff, published in today’s issue of the Swiss Business newspaper Finanz und Wirtschaft by editor Christoph Gisiger. Excerpts from the interview re-printed with permission Get the entire 10-part…
FINANCE
Reform vital for China’s financial market to flourish
If China is to become a global powerhouse in the new era, an important indicator that cannot be bypassed is its international financial status. A great country should have an open and highly marketized financial…
Davos 2018: China vows to save world from 2008-like economic crash to avert chain reaction
the deputy chief of the China Regulatory Securities Commission and a key architect of policy, hit back at those he accused of trying to make money from a suspected crash. He said the Chinese banking…
China promises bank rescue in next crisis as market prophets warn on rising US rates
China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail. Beijing…
China steps up banking oversight to prevent risks
China’s top banking regulator has proved with actions that oversight in the banking sector will be tightened and regulatory standards will become stricter. China Banking Regulatory Commission (CBRC) has fined the Chengdu branch of Shanghai…
China invites Latin America to take part in One Belt, One Road
Chinese Foreign Minister Wang Yi said the region was a natural fit for the initiative, which China has leveraged to deepen economic and financial cooperation with developing nations. “China will always stay committed to the…
BRIEF-China Development Financial Holding unit disposes stake in GlobalWafers for T$300.6 mln
* Says its unit CDIB Capital Group disposes 1.2 million shares of GlobalWafers Co Ltd , at the average price of T$258.04 per share, for T$300.6 million in total ( read original story …)
Ford tests Focus prototype in U.S. ahead of China production launch
DETROIT (Reuters) – Ford Motor Co is testing prototypes of the redesigned 2020 Focus compact car on U.S. roads 18 months ahead of the car’s production launch in China. The 2020 Focus will be the…
People: PBoC deputy appointed vice-mayor of Beijing
China: One of the Chinese central bank’s deputy governors has been appointed the vice-mayor of Beijing, according to an official government announcement. Yin Yong, who was appointed deputy governor of the PBoC in 2016, was…
China and the west head for a clash of systems
The Davos splash made last year by Xi Jinping, China’s leader, derived from his apparent defence of globalisation. His message played well to the globetrotting elite, but a year later the disharmonies between China and…
BMO boosts ties with Chinese bank as country vows to open up sector
Bank of Montreal is venturing deeper into China by expanding its relationship with the country’s largest state-owned bank. A new memorandum of understanding with Industrial and Commercial Bank of China Ltd. (ICBC), signed in November…
Shanghai Pudong Development Bank fined $72 mln by CBRC over bad loans
A new round in China’s campaign against market wrongdoing in the financial sector is unfolding, with the Chengdu branch of the Shanghai Pudong Development Bank (SPD Bank) being the latest to be penalized for illegal…
How a China Bank Foxed Regulators And May Force a Market Rethink
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