China CITIC Bank (601998.SS), Bank of Beijing (601169.SS) and China Merchants Bank (600036.SS) have also taken similar steps, according to the state-run newspaper. The banks didn’t immediately confirm the changes. China’s central bank didn’t immediately…
FINANCE
The rumored detention of a Chinese exec with Kushner ties could mean upheaval for China's banking system
Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Every regulator is on the move.…
China leverage rising at 'alarming pace': central bank official
SHANGHAI China’s level of leverage is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders over financial…
China’s tightening measures to continue but risks remain if markets pushed too hard
China’s financial authorities expect to continue their supervisory tightening in a gradual and phased manner, but the full impact on markets will depend how strictly the new rules are interpreted and enforced, said analysts. “Strict…
China leverage rising at “alarming pace” – cbank official
SHANGHAI May 1 China’s level of leverage is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders…
China spend on Aust agribusiness triples
China’s investment in Australian agribusiness has tripled in … Australian agribusiness – three times 2015’s investment of $375 million – says a report form financial services provider KPMG and the University of Sydney. The report,…
China Minsheng joins Asia partners to tap Belt and Road investment opportunities
China Minsheng Investment Group (CMIG), the mainland’s largest non-state investment conglomerate, is teaming up with regional financial institutions to set up a new fund worth US$10-15 billion, to tap new economy business opportunities on China’s…
China Factory Growth Plummets
Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers’ efforts to reduce financial risks in the economy weighed on demand.…
First Nation Chief plans China trip to discuss Ring of Fire rail line
China is the world’s leading producer of stainless steel and the company hopes that Chinese investors will be willing to finance the $4-billion rail line and mining project in order to secure a long-term, reliable…
China should deleverage economy at proper pace: central bank official
BEIJING — China should deleverage its economy at a proper pace to ensure the financial sector is under pressure to keep reducing leverage while avoiding being pushed into any systemic financial risks, according to a…
China April manufacturing growth slows faster than expected
BEIJING Growth in China’s manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers’ efforts to reduce financial risks in the economy weighed on…
China's Future Aircraft Carrier Force Could Be a Financial Train Wreck
China’s first domestically built aircraft carrier slipped into the sea for the first time on Wednesday, after days of publicity celebrating the impending launch as a milestone in President Xi Jinping’s drive to extend China’s…
Chinese financial regulators vow stricter supervision
The announcements suggested Chinese authorities are taking concrete measures to address financial risks and curb asset bubbles as a stabilizing economy provides more room for tightened policies. China’s policymakers agreed on Tuesday in a high-level…
