What South Korea’s 1997 Meltdown Can Teach China in 2017

In China an authoritarian regime has sacrificed financial rationality to prop up the unsustainable growth rates that give the Communist Party its legitimacy. What China really requires is the state’s withdrawal from the economy, to allow the market to ... ( read original story ...)

Crown judgment reveals casino group’s $875m China windfall

Mr Scott said a casino's theoretical win rate was around 2.5 per cent of rolling chips, which meant mainland China generated $875 million in VIP revenue for the casino group last financial year, based on figures cited by the court. The court ruling said ... ( read original story ...)

China takes firm stance on deleveraging

China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy. The People's Bank of China (PBOC) increased cash injections early in June to shore up ... ( read original story ...)

China was the real victor of Asia’s financial crisis

So, who won: Mahathir Mohamad or George Soros? The venomous argument between the Malaysian leader and the US fund manager during the Asian financial crisis 20 years ago symbolised the fury of those times. It also dramatised the perennial question of how ... ( read original story ...)

Other view: North Korea missile crisis should cost China

This requires access to international financial networks — often through China-based banks and institutions — for laundering illicit income or carrying out trade purchases and sales in violation of the sanctions. These deals can largely be in ... ( read original story ...)

Chinese Bank Giants Lose $15 Billion in a Week on Share Rout

Investors couldn’t sell Chinese banking giants fast enough this week. Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd. and Bank of China Ltd. posted their worst weeks since at least June 2016, while China Construction Bank Corp ... ( read original story ...)

Banks and Internet Companies: A Calculated Relationship

(Beijing) — Banks and internet companies are shaping up to be the new power couple in China’s much-coveted consumer finance space. In late June, three tie-ups emerged within a week’s time: Industrial and Commercial Bank of China with JD.com Inc ... ( read original story ...)