The rules, formulated by the central bank in conjunction with China's securities, banking and insurance regulators, were the latest effort by the authorities to bolster their oversight of financial assets, including wealth management products (WMPs), amid ... ( read original story ...)
China’s central bank leads charge to shine regulatory light on the risky business of shadow banking
China’s financial watchdogs are considering casting a huge new regulatory net over the country’s vast shadow banking sector. The central bank has spearheaded the drafting of new regulations to tame China’s 60 trillion yuan (HK$67.7 trillion) “asset ... ( read original story ...)
China offers banks lure of lower reserves to get more money to ailing sectors
BEIJING China's central bank said on Tuesday that it will extend a preferential scheme for some banks that will free up additional funds for lending, as long as they channel money to weaker, cash-starved sectors of the economy. But it also warned that some ... ( read original story ...)
Economic Watch: China's central bank to walk fine line in multi-tasking operations
As China's central bank has shifted to a prudent and neutral monetary policy, it will likely be more careful in balancing its multiple goals. (Xinhuanet file photo) BEIJING, Feb. 19 (Xinhua) -- As China's central bank has shifted to a prudent and neutral ... ( read original story ...)
Hang Seng Bank cuts risky China lending after full year profits fall 41pc
Hang Seng Bank said it has reduced risky lending in mainland China after it reported a 41 per cent slump in profits last year due to rising bad loans and lower fee income, factors weighing on a balance sheet that was boosted the previous year by a one-time ... ( read original story ...)
Chinese moves in South China Sea unsettling to Southeast Asian countries
The strongly worded statement came in response to a news report published Wednesday saying China has nearly finished building almost two dozen structures on Subi, Mischief and Fiery Cross reefs -- part of the Spratly Islands chain. According to Reuters ... ( read original story ...)
U.S.-born panda Bao Bao lands in China after leaving D.C. zoo
The panda's keeper, Marty Dearie, said in an interview with China's official Xinhua News Agency at the airport in Chengdu that the flight went well. "She ate and slept the whole flight and we have no concerns, none at all," he said. Bao Bao, whose name ... ( read original story ...)
Tillerson affirms importance of constructive U.S.-China ties
according to China's Xinhua news agency. China's readout of the call did not mention any specific issues, with Xinhua noting only that they also "exchanged some views on a number of international issues." On Saturday, China's Commerce Ministry said it ... ( read original story ...)
Commentary: Despite U.S. meddling, China and ASEAN back on track over South China Sea
BEIJING, Feb. 22 (Xinhua) -- The probability of agreement on a framework for a code of conduct in the South China Sea between China and the Association of Southeast Asian Nations (ASEAN) by mid-year is a positive sign. It means that the two sides are back ... ( read original story ...)
Report: China nearly finished building South China Sea structures to house missiles
Fox News reported exclusively in December that the U.S. intelligence community was monitoring whether surface-to-air missiles would be shipped to the reefs to protect China’s three airstrips. A Pentagon report released last year said that three ... ( read original story ...)