HONG KONG (Reuters) – China central bank governor Zhou Xiaochuan has said keeping prices stable and controlling systematic risks in the financial sector are two core targets for the bank. The People’s Bank of China…
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China central bank governor says to control systematic risks
Three reasons why non-bank competitors should enter China
Sean Harrison looks at the potential for non-bank competitors to gain market share in digitally savvy China. Non-bank competitors seeking to enter a sufficiently large market, with healthy margins, increasingly digital savvy consumers and a…
IMF report finds risks to China’s financial system
The IMF is out with an in-depth report on the state of China’s financial system. The two-year long study identified three major headwinds the China’s economy faces. Yahoo Finance’s Seana Smith, Rick Newman, Melody Hahm,…
China aims to make IPO application process more transparent
SHANGHAI (Reuters) – China’s securities regulator published a set of guidelines for companies applying to make initial public offerings (IPOs), in a bid to be more transparent and stabilize market expectations. The new guidelines, issued…
China’s banking system risks facing crisis: IMF
The International Monetary Fund (IMF) has claimed that China risks facing a growing debt-dependency in its banking system, urging Beijing to increase its capital buffers to protect against a possible “financial crisis.” The Washington-based ……
China Says It’s Open for Business. Foreign Firms Find It’s Not That Simple.
GUANGZHOU, China — The southern Chinese city of Guangzhou on Wednesday welcomed dozens of corporate leaders and foreign dignitaries with one overriding message: China is open for business. The reality on the ground was more…
China’s financial system harbours large risks, says IMF
Rising levels of debt pose “large risks” to China’s economy, according to the International Monetary Fund (IMF). In its first report since 2011 on China’s resilience to shocks and contagion, the IMF said it still…
Trudeau says visit to China produced results despite failing to advance trade talks
It also dominated Trudeau’s news conference with reporters before his return flight … particularly a country as significant and as much of an economic powerhouse as China has become — is that they need to…
Trudeau departs China without securing commitment start to free trade talks
GUANGZHOU, China — Prime Minister Justin Trudeau departed China on Thursday without securing the start of free trade talks with the world’s second-largest economy, but said Canadians need to lower their expectations about just how…
Lacklustre public interest makes Shandong Trust IPO one of the year’s coolest in Hong Kong
China’s Shandong International Trust makes history, raising up to US$450m in Hong Kong IPO Five cornerstone investors – Jinan Finance Group, ICBC Asset Management Scheme Nominee, Shandong Development and Investment Holding Group, China Merchants Bank…
IMF report on China does not reflect the ‘whole picture’: China central bank statement
BEIJING (Reuters) – China’s central bank said on Thursday an IMF report on China’s financial system did not reflect the whole picture, according to a statement released on the People’s Bank of China website. China’s…
China’s property market will see smaller price gains ahead, major developer says
Property price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. “For years, the Chinese government has had the effort to…
China’s Banks Need More Capital After Credit Boom, IMF Says
In its first comprehensive assessment of China’s financial system since 2011, the IMF recommended “a gradual and targeted increase in bank capital.” In a worst-case scenario, IMF stress tests suggested the country’s lenders would face…
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