The People’s Bank of China (PBOC) did not immediately respond to a faxed request for comment. The new rules will pose a direct challenge to a business model that small- and mid-tier banks have been…
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Shanghai cancels at least 1,300 flights as Typhoon Dolphin hits China’s eastern coast
Shanghai cancels 1,300 flights as Typhoon Dolphin hits China’s eastern coast
Typhoon Dolphin hits China’s east coast, over 1 million evacuated
Typhoon Dolphin makes landfall in China after flight cancellations, evacuations
Flight cancellations, evacuations in China as Typhoon Dolphin looms
CCTV+: Int’l Congress of Basic Science opens in Beijing
Flight cancellations, evacuations as China braces for Typhoon Dolphin
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China banks warn new asset management rules may trigger systemic risks: sources
‘Made in China’ brand image will take some time to change, Ogilvy says
Chinese companies have found that the road to becoming international brands has been rocky Mainland brands are now more willing to understand consumers in foreign markets, said Scott Kronick, Asia Pacific president and CEO of…
China logs strong exports, imports, as economy gains steam
HONG KONG — China has reported strong growth in both exports and imports in November in a reassuring sign for the world’s second-biggest economy. Figures posted Friday on the customs department website show exports expanded…
China’s ballooning debt is a major threat to global financial stability, IMF warns
Women dressed in ethnic costumes perform in an outdoor production called “Impression Lijiang”, held on a man made stage on the Jade Dragon Snow Mountain, 3,100m (10,170 feet) above sea level, near Lijiang city in…
China’s banks need more capital after credit boom
Zhou Xiaochuan, Governor of the People’s Bank of China, speaks during the 32nd Annual Group of 30 (G30) International Banking Seminar in Washington, DC, on October 15, 2017. / AFP CHINA’S banks should increase their…
IMF calls on China banks to boost capital after credit boom
The People’s Bank of China praised the report but disputed some elements, including the interpretation of the stress-test results. “We believe . . . that the (IMF’s) descriptions of the stress testing did not fully…
IMF warns on brewing risks in China’s financial system
The International Monetary Fund on Thursday warned of brewing risks in China’s banking system as it found dozens of crucial lenders needed to beef up their protection against possible financial crises. The report comes a…
UPDATE 1-China’s growth objectives clash with financial stability goal – IMF
China’s central bank’s reaction) By Ryan Woo BEIJING, Dec 7 (Reuters) – China should prioritise financial stability above development goals, as pursuit of regional growth targets and helping firms avoid heavy job losses had led…
HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver
HONG KONG (Reuters) – HSBC (HSBA.L) has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique position of having management control of its securities venture there,…
IMF, World Bank note efforts to reform nation’s finances
A teller counts money at a bank in Taiyuan, capital of North China’s Shanxi province. [Photo/China News Service] Global financial organizations acknowledged China’s achievements in recent economic and financial reforms after a two-year comprehensive ……
China central bank governor says to control systematic risks
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…
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,…
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