Liu said earlier this month that CSRC would take down law-breaking financial tycoons he called “giant crocodiles”, saying they will not be allowed to take advantage of retail investors. China’s crackdown on illegal market activities…
FINANCE
China summons reformer to tackle banking woes
BEIJING Guo Shuqing, who is stepping down as governor of Shandong province to take control of China’s banking regulator, returns to Beijing at a decisive moment for the country’s financial system following years of breakneck…
Businessman from China investing in Vancouver real estate ordered to repay millions
“There is some financial crime happening in Vancouver in the real estate market.” – China CITIC bank lawyer Christine Duhaime This week, a B.C. Supreme Court judge ruled in favour of upholding the Chinese arbitration…
China names southwestern city's former mayor to top legislative finance panel
BEIJING China’s top legislative body on Friday appointed the former mayor of a key southwestern city as vice chairman of the congressional committee on finance and economics, the official Xinhua news agency said. The standing…
China Names Guo Shuqing, a Rapid-Fire Regulator, to Oversee Troubled Banks
SHANGHAI — Less than four years ago, Guo Shuqing seemed like yet another economic reformer who had tried to bring market-oriented changes to China’s fraud-ridden and heavily politicized financial system only to see his career…
China to tighten oversight of asset management industry – central bank official
BEIJING China will tighten oversight of its sprawling asset management industry as it moves to rein in financial risks, a senior central bank official said in remarks published on Friday. Ruan Jianhong, head of the…
China appoints reformer to head banking regulator: reports
One of China’s top officials most supportive of a free market has returned to Beijing to head the country’s banking industry watchdog, according to media reports, to oversee a huge industry plagued by rising bad…
China Said to Name Reformer Guo as Head of Banking Regulator
China has appointed financial-sector expert Guo Shuqing as the new head of the nation’s banking regulator, according to people familiar with the matter. Guo is replacing Shang Fulin, who is retiring, said the people, asking…
China Said to Name Guo Shuqing as Head of Banking Regulator
China has appointed Guo Shuqing as the new head of the nation’s banking regulator, according to people familiar with the matter. Guo is replacing Shang Fulin, who is retiring, said the people, asking not to…
China Banking : Bank plans P15-B rights issue
Feb. 24–CHINA Banking Corp. said it plans to conduct a rights issue to raise up to P15 billion in fresh funds to support its growth initiatives. “The bank expects to raise proceeds of up to…
Beijing cements South China Sea land grab with missile defense sites while the world awaits US response
(China’s HQ-9 missile defense system.Defence.Pk Frorums) New satellite photography from the South China Sea confirms a nightmare for the US and champions of free navigation everywhere — Beijing has reinforced surface-to-air missiles sites in the…
China promises not to build in disputed shoal – Philippines
MANILA (Reuters) – Chinese President Xi Jinping has promised his Philippine counterpart that China would not build structures on a rocky outcrop both countries claim in the South China Sea, a Philippine government minister said…
China Biologic Reports Financial Results for the Fourth Quarter and Fiscal Year 2016
— 4Q16 Total Sales Up 13.6% YoY to $77.6 Million and Net Income Up 19.0% YoY to $19.4 Million in USD terms, or Total Sales Up 21.7% YoY and Non-GAAP Adjusted Net Income Up 40.7%…
