SHANGHAI China is still testing a scheme to include off-balance sheet financing in assessing the health of commercial banks before rolling it out more widely, an influential newspaper quoted the central bank’s top economist as…
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China testing scheme to gauge shadow banking risk – newspaper
China central bank learns lessons as deflates money market risk
SHANGHAI Three years ago, China’s central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Interest rates spiked, spooking global markets who feared a banking crisis was…
The Peninsula Beijing reinvents itself with white-glove luxury
In Beijing, you can marvel at the flaking paint and faded glory of the Forbidden City. You can gnaw on street-side lamb skewers and, in the few places not yet shut down by the government,…
The ultimate Chinese souvenir… SMOG in a can! Entrepreneur starts selling tins of polluted air from Beijing
A British entrepreneur living in China has the jackpot by selling a highly unusual souvenir – canned pollution. Dominic Johnson-Hill, who runs a clothing store in Beijing, has seen thousands of cans of Beijing Air…
9 Olympians, including 6 medallists, caught for Beijing doping
Nine more athletes, including six medal winners, were retroactively disqualified from the 2008 Beijing Olympics on Wednesday after failing retests of their doping samples. The International Olympic Committee announced the decisions in the latest sanctions…
China's financial system undergoing transformation
China’s financial system is one of the biggest concerns for the world economy today. The anxiety about another potential “China shock,” like the ones in the summer of 2015 and in January this year, persists…
Less than 60 percent of China's public-private projects have started
BEIJING (Reuters) – Work has started on less than 60 percent of public-private partnership (PPP) projects promoted by China’s central finance ministry, while the rate for local government projects is even lower, government data through…
China Oceanwide to buy Genworth Financial for $US2.7 billion
China Oceanwide has agreed to buy all the shares in New York-listed Genworth Financial, which is the 52 per cent shareholder of Genworth Mortgage Insurance Australia (GMIA). China Oceanwide is set to become the biggest…
China stocks flat as financial shares gain on signs of improvement; HK down
SHANGHAI, Oct 28 China stocks were little changed on Friday morning, as investors, haunted by fears of persistent yuan depreciation and tighter liquidity, sifted through a slew of corporate earnings to assess China’s economic health.…
German minister ups rhetoric against takeovers ahead of China trip
In China, on the contrary, foreign direct investments by European … Under German law, the government can block takeovers only if they jeopardise energy security, defence or financial stability. Gabriel is pushing for a Europe-wide…
Here's what China has to do to avoid a financial crisis
In a week when China announced that its economy grew 6.7% year-on-year for the third quarter in succession, it’s not the steady, near-unbelievable stability in the figure that has the markets talking. Rather, it’s one…
China Railway : After backing many losers, China rethinks financial diplomacy
When China signed up to build Venezuelas Tinaco-Anaco Railway in 2009, the scheme was hailed as proof of the effectiveness of the socialist brotherhood. Gleaming new Chinese trains were envisaged whisking passengers and cargo along…
Tianhe CBD courts finance industry
As the most important CBD in South China, it has offices for 140 Fortune 500 companies and boasts annual merchandise sales of more than 1 trillion yuan ($154 billion) in dozens of shopping malls. “A…