When the global financial crisis erupted in 2008, Beijing responded with a 4 trillion yuan (US$559 billion) stimulus package to mitigate its impact on the country and help stabilise the global economy …
Tagged By banking
Is China’s Evergrande crisis the start of the next Global Financial Crisis?
In a world of headlines and 30 second attention spans, the crisis engulfing China’s second largest property developer, Evergrande, certainly brings back painful memories of the Lehman Brothers …
How China’s Continued Fintech Crackdown Affect Alibaba And Others?
China will continue to cooperate with anti-monopoly authorities to curb monopolies and actively deal with algorithm discrimination and other new forms of anti-competition …
Evergrande and energy crises show Beijing’s need for systems thinking
The first is the Evergrande debt crisis, which has sent shock waves across financial markets and left investors feeling worried that another Lehman moment could be imminent. The second is the power …
China willing to cooperate on digital financial rule making, central bank’s Yi Gang says
Technology firms offering financial services should be licensed and must adopt the ‘same business, same rules’ approach, according to the top banker at the People’s Bank of China.
China’s Central Bank Governor Vows to Continue Fintech Crackdown
China will continue taking steps to curb monopolistic behavior among internet platform companies and strengthen the protection of consumer privacy and data security, central bank Governor Yi Gang said …
How these eight private bank CIOs have changed their China exposure
Citywire Selector asked investment chiefs if they reduced their exposure to the country following the regulatory crackdown and debt restructuring pains of Evergrande.
China Finance Online Receives Extension for Regaining Compliance with Nasdaq Minimum Stockholders’ Equity Requirement
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (Nasdaq CM: JRJC), a leading web-based financial services company that provides Chinese individual …
Beijing’s Agent? Treasury Department May Boot IMF Chief Georgieva Over Data Rigging To Favor China
The U.S. Treasury Department is now looking at the possibility of booting IMF chief Kristalina Georgieva over allegations that she pressured staff to improve China’s ranking in the World Bank’s “Doing …
Traders Hold Their Breath as China Markets Reopen After Holiday
China’s financial markets are set to open for the first time in a week on Friday, with investors bracing for volatility from a surprise default in the property sector coupled with the global energy …
Evergrande and energy crises shows Beijing’s need for systems thinking
Alex Yang is an associate professor at London Business School, specializing in supply chain finance and management … China’s phenomenal economic success. With Beijing tightening its control …
China Sept forex reserves fall to US$3.201 trln – central bank
China’s foreign exchange reserves fell to US$3.201 trillion at the end of September, down from US$3.232 trillion at the end of August, official data showed on Thursday.China held US$109.18 billion of …
Beijing backs away from anti-sanctions law for HK
Beijing has decided not to push forward and implement its Anti-Foreign Sanctions Law in Hong Kong after bankers in the city expressed concerns about …
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