A committee dominated by pro-Beijing elites selected Carrie Lam, Hong Kong’s former No. 2 official, as the financial hub’s chief executive even though she was far less popular than her main rival. Lam received 67…
FINANCE
China will open more to investors, but others must be fair – central bank chief
“we want China to get fair treatment overseas”. Among financial sectors targeted for further opening in China were banking, insurance, investment banking, securities firms, and payments, he told the Boao Forum for Asia. Zhou said…
China, others lift ban on meat imports in boost for Brazil
BRASILIA/BEIJING (Reuters) – China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President…
Hong Kong chooses new leader amid accusations of China meddling
HONG KONG (Reuters) – A small electoral college began voting for a new Hong Kong leader on Sunday amid accusations that Beijing is meddling and denying the Chinese-ruled financial hub a more populist leader perhaps…
Hong Kong set to get new leader as anointed by Beijing
Lam is an efficient and pragmatic administrator but unpopular with Hong Kongers because she’s seen as a proxy for Beijing and out of touch with ordinary people. Her main rival is former finance chief John…
Book Review: Saving China’s Banking System
China’s Banking Transformation: The Untold Story by James Stent. Oxford University Press, hardcover, 1798pp with bibliography and index In the middle of the first decade of this century, Chinese officials led by then-Prime Minister Zhu…
China debt risk 'very much under control': vice finance minister
BOAO, China China’s debt risks are “very much under control”, but local governments must ensure that the increase in their debt spending this year is within stipulated limits, Vice Finance Minister Liu Wei said on…
Is China Deleveraging? Part I
Another metric, labeled “Depository Corporations claims on Non-Financial Institutions”, was up again, a modest 6.2% to 85 trillion. Time to pop the bubble China is deleveraging, right? Wrong — for obvious and non-obvious reasons. First,…
China central bank to strengthen management of mortgage loan risks in Beijing
BEIJING The People’s Bank of China (PBOC) will strictly check the source of down payments by individuals purchasing property in Beijing, the Beijing operations office of the Chinese central bank said in a statement on…
Canada gets approval to join controversial China-led infrastructure bank
OTTAWA—Canada has been approved to join a controversial new international infrastructure bank led by China. The Asian Infrastructure Investment Bank says Canada is among 13 applicants approved for membership in the bank by its board…
Exclusive: HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta
the heart of the bank’s growth strategy in China. If that target is hit, the new additions will mean HSBC will have hired twice as many people as it did last year for this part…
China central bank urges tighter mortgage checks, no fake divorces
BEIJING (Reuters) – China’s central bank, wary of soaring property prices in Beijing, said on Friday that banks must strengthen mortgage risk management, and that includes cracking down on home buyers rushing to get divorced…
China to encourage financial innovation, control risks
vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. “In the context of putting more emphasis on defence against financial risks, we should continue to vigorously promote financial…
