The development adds to the momentum of decoupling between the world’s two largest economies, reversing a trend that nurtured some of China’s most influential companies and enriched global banks and …
Tagged By banking
China should improve local government debt risk controls: Official
BEIJING: China should keep improving institutional systems to prevent and resolve local government debt risks, the country’s vice finance minister said on Saturday (Jan 15). Xu Hongcai told a forum in …
China cleanup of non-compliant WMP securities ‘basically complete’, official says
China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long clampdown on …
China’s Finance Sector in 2021: Continuous Innovation on the Basis of Steady Development
China made efforts to further support continuous financial innovation on the basis of steady development. As Kevin Yuan and Lucca Li of FenXun Partners discuss this included taking steps to protect …
China’s home market shows sign of thawing as prices slowed their declines in December with easier loans and policy support
Prices of new homes in 70 cities dropped 0.28 per cent in December from November, a gentler decline compared with the 0.33 per cent monthly drop in November Easier loans bolstered property prices to a…
China’s economy grew 8pc in 2021 but property, virus threats loom, AFP poll shows
China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property …
‘We have no need to buy influence’: China REJECTS ‘groundless’ MI5 claims that Hong Kong-born lawyer is a Beijing spy and accuses No10 of being ‘obsessed with 007’ and …
Foreign Ministry spokesperson Wang Wenbin said China has ‘no need to and will never engage in the so-called interference’, calling the claims about Christine Lee ‘irresponsible’.
China c.bank issues draft rules to cap banks’ commercial bill financing business
China’s central bank published draft rules on Friday to strengthen risk management over the use of commercial bills, and set up caps for banks’ commercial bills financing business, according to a …
China Gave Out A Record $3.14 Trillion in New Bank Loans
Data released by the People’s Bank of China (PBOC) on Jan. 10 showed that China’s new yuan loan lending hit a record 19.95 trillion yuan ($3.14 trillion) in …
GOP senator Fauci called a ‘moron’ to introduce FAUCI Act on financial disclosures
A Republican lawmaker that Dr. Anthony Fauci called a “moron” earlier this week will introduce a financial disclosures bill known as the FAUCI Act.
China’s Trade Balance Improves In December, Week In Review
China’s December trade data was strong, beating expectations handily. The data proves how well businesspeople are getting along globally compared to politicians. However, the General Administration of …
China tightens screws on big money market funds
A surveillance camera is pictured outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang …
Ant Group consumer finance arm dealt blow by China Cinda pulling out of investment
China Cinda Asset Management (CCGDF), a state-owned financial institution and one of the countries biggest bad debt managers, is backing out of a planned investment in …
