BEIJING, Sept 18 (Reuters) – China’s central bank and forex regulator on Monday met with foreign financial institutions and companies, including Morgan Stanley, HSBC, Deutsche Bank and Tesla, …
FINANCE
Chinese state firms’ help to troubled shadow bank does little to address investor concerns
The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns …
UPDATE 1-China’s yuan will stabilize as domestic prices bottom out – c.bank publication
China’s yuan will stabilize after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively …
China’s Yuan Will Stabilise as Domestic Prices Bottom Out – Central Bank Publication
The PBOC has persistently set firmer-than-expected daily fixing to cap the downside room in the yuan, and it lowered the amount of foreign exchange banks must set aside last week to slow the pace of…
5 things you need to know about China’s shadow banking crisis and what it means for investments
Bear in mind that a lot of Chinese consumers invest in the shadow banking industry due to the more attractive rates on offer compared to traditional banks. A collapse in the sector will affect …
China Evergrande Shares Dip After Police Detain Some Staff of Wealth-Management Unit
By Sherry Qin China Evergrande Group’s shares dipped after police in southern China detained some staff at its wealth-management unit, adding to
China’s financial institutions see assets increase in Q2
The country’s financial institutions saw their combined assets increase 10.3 percent year-on-year to 449.21 trillion yuan ($62.58 trillion) by the end of Q2, while their combined liabilities rose 10.6 …
Britain urged to freeze ties with AIIB – China’s answer to the World Bank
The Government is being ‘played for fools’ and must freeze ties with Beijing’s answer to the World Bank, according to a top official who left the organisation over allegations it was controlled by the …
Cops become new earners for struggling local government’s in China
Cash-strapped local governments in China are relying on law enforcement agencies to generate revenue through heavy fines for traffic offenses and other violations. Revenues fell short of expenditure …
China Cuts Reserve Requirement Ratio for Second Time This Year
China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, a move that will help banks support government spending and Beijing’s broader effort to stoke …
China’s economic data breakdowns show signs of life amid prevailing doom-and-gloom outlook
a Chinese financial data provider. The summer box office data also reached a new historical high this year. According to movie industry data provider Dengta, the box office in China from June to …
A Decade On, China’s Imperial Financial Gambit Goes Awry (IANS Explainer)
Giving China a renewed stain contemporary times, its president Xi Jinping’s brainchild One Belt One Road (OBOR) is a massive …
It’s not just China, the world is at risk of hidden debt and financial system shocks
Why is a spotlight focused on everything ‘bad’ in China while adverse developments elsewhere are treated as though they were happening on the dark side of the moon? We have been hearing a lot about…
