One of China’s vice premiers, He Lifeng, has been appointed head of the office of the Central Financial Commission (CFC) – which is responsible for running the day to day affairs of the new regulator…
FINANCE
China hasn’t been this scary for investors in 25 years
Direct investment liabilities include profits belonging to foreign companies that have not yet been repatriated or distributed to shareholders, as well as foreign investment in financial institutions, according to the government. China’s main measure …
China’s first deficit in FDIs signals West’s ‘de-risking’ pressure
SHANGHAI – China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing’s challenge in wooing overseas companies in …
China confirms Vice-Premier He Lifeng as head of new Communist Party finance body aimed at stronger control over sector
He attends meeting of Central Finance Commission, established in March to serve as primary planner for financial system as ruling party seeks direct control over wide range of policy areas.
Global funds dumped another $3B in China stocks in Oct -Morgan Stanley
Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world’s second-largest economy, according to a report from Morgan Stanley that …
China’s Vice-premier He Lifeng to headline Hong Kong bankers’ summit, hot on heels of appointment to lead top finance body
He will participate virtually and three top mainland Chinese regulators will attend in person for the first time as the Global Financial Leaders’ Investment Summit gets under way on Tuesday, …
China’s Vice Premier He Lifeng Heads Top Financial Policy Bodies
Chinese Vice Premier He Lifeng now heads up two of the Communist Party’s top financial sector policy making bodies, cementing his position as the nation’s top economic and financial official. He was described as the…
China appoints He Lifeng as head of office of the Central Financial Commission -c.bank publication
China’s economy tsar He Lifeng has been appointed as head of office of Central Financial Commission, according to a central bank publication Financial News report on Monday.
China invests US$5.4 billion in two-year-old memory chip maker as self-sufficiency drive picks up
Semiconductor start-up Changxin Xinqiao Memory Technologies has raised 39 billion yuan (US$5.4 billion) from government-backed investors, a sign Beijing is doubling down on its efforts to achieve …
China’s strong banking sector fears no slander as performance stable
Their comments mainly pointed to so-called issues like risk exposure of local bonds in China’s banking sector being too large, and said it is difficult to achieve good capital adequacy ratios, …
China to accelerate issuance of gov’t bonds, says finance minister
China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. The finance ministry will …
China to start using digital yuan for cross-border payments
China’s ambition in reshaping global finance takes a leap forward as it gears up to integrate the digital yuan into cross-border transactions. This move, poised to bolster the nation’s financial …
Beijing bank not buying influence via infrastructure, Kiwi exec says
Kiwi expat Andrew Cross is the chief financial officer of the Asian Infrastructure Investment Bank (AIIB). A Kiwi at the top of a Beijing-based bank, collectively owned by more than 100 countries …
