China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party …
Tagged By banking
China Starts Inspection of Financial Regulators, State Banks
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial …
China Developers See More Credit Rating Cuts: Evergrande Update
Chinese property developers are suffering credit rating downgrades at the fastest pace in five years, as a recent slump in new-home sales adds to concerns about the sector’s debt woes. Most Read from …
Beijing Olympics sponsors face a US$110 billion dilemma
For the global consumer giants that sponsor the Olympics, the Beijing Winter Games will be a high-wire act of marketing.
China Starts Inspection on Financial Regulators, State Banks
Chinese authorities are kicking off an inspection of the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years as Beijing steps up …
China’s Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country’s state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on …
The neglected sources of China’s economic resilience
Those who doubt China’s progress emphasize the country’s reliance on Western technology, pointing out that its homegrown tech companies still do not compete with their US counterparts globally. But …
Former Senior Pentagon Official Says China is Kicking Our Ass in Artificial Intelligence
A former senior Pentagon official recently quit his job over frustrations with the government’s apparent inability to make meaningful headway on artificial intelligence and cybersecurity—two areas he …
IMF backs leader after reviewing reports of data rigging at World Bank to favour China
Managing Director Kristalina Georgieva has denied allegations she and other senior officials applied “undue pressure” on World Bank staff to boost China’s ranking in a report.
Stocks, U.S. Futures Dip on Inflation, China Risks: Markets Wrap
Asian stocks fell Tuesday on concerns about elevated inflation stoked by energy costs and the possibility of a widening Chinese crackdown on private industry. Treasury yields were steady.Most Read …
Asia Stocks Set to Dip Amid Inflation, China Risks: Markets Wrap
Asian stocks looked set to slip Tuesday on concerns about elevated inflation stoked by energy costs and the possibility of a widening Chinese crackdown on private industry. The dollar held a …
China Probes State Banks for ‘Political Deviations’
China’s president is taking a closer look at the connections between state banks and larger private-sector operators to clamp down on capitalist forces.
Stocks Drop Amid Oil Jump, China Crackdown Worries: Markets Wrap
The surge in energy prices continued to fuel stock volatility amid an intensifying debate on whether inflation pressures will be transitory or derail the economy. Traders also assessed a news report …
