Leshi acknowledged in its statement that its delay in paying back the 50 million yuan loan had caused a Beijing branch of the bank to undergo risk prevention efforts on the loan. Local media had reported earlier in the week that the bank had applied for a ... ( read original story ...)
China’s FX regulator joins fight to shut problematic offshore M&A
Beijing is investigating fraudulent declarations of domestic ... additional approvals from the regulators for these types of transactions. In June, China’s bank regulator ordered domestic lenders to assess the “systemic risk” presented by “some ... ( read original story ...)
China central bank finds 40 banks in violation of rules
BEIJING: China’s central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on yesterday, citing a document. Large state-owned ... ( read original story ...)
M&A Bankers Miss Two Chinese Banquets
Citigroup Inc. and Bank of America Corp.'s Merrill Lynch unit -- also in the ... You only have to look across the water to Macau to see that Beijing's crackdowns often have a short shelf-life, so it's quite possible the dealmaking party will kick off ... ( read original story ...)
Economic Watch: China takes bigger steps on financial opening up
BEIJING, Aug. 2 (Xinhua) -- China has quickened the pace of ... local government bonds, policy bank bonds and commercial bank bonds. "The Bond Connect is conducive to the internationalization of the mainland's financial market and is a driving force ... ( read original story ...)
RPT-SPECIAL REPORT-The immigrant success story that led Spanish police to a Chinese banking behemoth
The case file, he said, was sealed by the court so the bank could not comment on it. FALL FROM GRACE By the time of his arrest, Gao had become a prominent philanthropist. He had opened art galleries in Madrid and Beijing. He lived in a large home with a ... ( read original story ...
Trump getting ready to go after China on trade
By focusing on intellectual property, the probe would touch upon a major complaint by American companies that do business in China. The American Chamber of Commerce in China said in a report in April that its members were facing difficulties in areas such ... ( read original story ...)
A winning formula? China invests in Canadian dairy to help feed its baby boom
Business proposals obtained by CBC News under the Access to Information Act anticipate strong growth for China's formula market. Only one in four Chinese mothers breastfeed exclusively for their baby's first six months. The gradual phase-out of China's one ... ( read original story ...)
Trump Administration Is Said to Open Broad Inquiry Into China’s Trade Practices
China has also publicly dismissed linking trade and North Korea policy and defended its efforts to improve intellectual property protections. “China highly emphasizes intellectual property protection and has taken many effective measures,” said Sun ... ( read original story ...)
China’s crackdown on its own companies has nothing to do with their financial health, economist says
China is trying to block companies from moving money out of the country and borrowing too much, but that crackdown has a lot more to do with politics than economics, an independent economist said Tuesday. "The issue is that the economy is politicized ... ( read original story ...)