For decades, it’s been an article of faith in China’s credit market: Companies controlled by the central government will get bailed out if they ever run into trouble.
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Central bank and consumer buying in India and China arrest gold’s slide
Gold buying by central banks and consumers in India and China is stirring hopes for a recovery in the market, which has been hit by a wave of selling this year driven by large exchange…
China’s Ant Group to become financial holding company
Jiebei and Huabei, Alibaba’s affiliated consumer lending units, will be operated by Ant Group’s consumer finance company. China has been making efforts to mitigate financial risk and maintain a …
China’s Finance Ministry says fined 19 Pharmaceutical companies for inflating drug prices
Beijing/Sputnik: The Chinese Ministry of Finance has fined 19 pharmaceutical companies for violating the country’s accounting law and artificially inflating prices for medicines, according to the …
China Central Bank Names U.S.-Educated Li as Deputy Governor
The People’s Bank of China (PBOC) on Tuesday said it appointed U.S.-educated economist Li Bo, until recently the vice mayor of the municipality of Chongqing, as a deputy governor. Li, who is in his …
Country Programme on Taxation with the People’s Republic of China
Country Programme For the People’s Republic of China. The OECD tax programme with China was launched in 1996. Both the Ministry of Finance and the State Administration of Taxation …
‘Heed the warning’: Beijing summons 34 tech firms after record Alibaba fine
Chinese regulators have warned 34 technology giants — including Baidu and Tencent — to “rectify” any anti-competitive measures, a statement said Tuesday, days after e-commerce giant Alibaba was …
China c.bank adviser urges against credit contraction -report
China should avoid credit contraction but also keep inflation expectations from intensifying, the 21st Century Business Herald quoted central bank policy adviser Wang Yiming as saying on Tuesday. Adds …
China Considers Shifting Huarong Stake to Sovereign Wealth Fund
China’s finance ministry is considering transferring its stake in China Huarong Asset Management Co. to a unit of the nation’s sovereign wealth fund that invests in financial companies, according to a …
China Huarong’s Worsening Bond Rout Stokes Market Contagion
China Huarong’s biggest shareholder is the country’s Ministry of Finance. “Market speculation of a restructuring with haircuts for Huarong International bondholders is heavily damaging …
U.S. Alone in Backing Japan Fukushima Water Plan Ripped by China
Sign up for the Bloomberg Green newsletter, your guide to the latest in climate news, zero-emission tech and green finance.The U.S. found itself alone backing Japan’s plan to release radioactive water …
Strong financial support lifts China’s real economy
China increased considerably the credit and loans to the … a fundamental change from the past pattern of financing the finance, money for money, which in turn tended to create financial bubbles at …
Fitch Affirms China Great Wall at ‘A’; Outlook Stable
The Ministry of Finance (MoF) directly owns more than 70% of China Great Wall and directly controls the company. The rest of the company is held by National Social Security Fund, China Life Insurance …
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