China sentenced Gu Guoming, a former senior banker at Industrial and Commercial Bank of China (ICBC), to life in jail after being found guilty of bribery, state media said on Thursday. China’s top …
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China’s 2015 yuan reform sent shock waves through financial markets, now it’s ‘learning its lesson’
Six years ago, the People’s Bank of China devalued the yuan by nearly 3 per cent against the US dollar over two days, now it is laying out its policy plans to support the currency.
Asian Markets Mostly Down As China Fears Reappear
Asian markets mostly fell Thursday after Chinese authorities unveiled plans to tighten regulation across multiple sectors over the coming years, weeks after it hit stocks by cracking down on a range …
China’s Anti-sanctions Law A New Headache For Banks In Hong Kong
China’s plan to expand its anti-sanctions law into Hong Kong is a fresh compliance headache for international banks already caught up in deteriorating relations between Beijing and major western …
Asia Stocks Mixed on Widening China Curbs, Virus: Markets Wrap
Asian stocks were mixed Thursday as China’s regulatory push sapped sentiment, overshadowing a Wall Street record on easing inflation that reduced concerns about an imminent pull back in Federal …
China Signals Its Regulatory Crackdown Will Go On for Years
China released a five-year blueprint calling for greater regulation of vast parts of the economy, providing a sweeping framework for the broader crackdown on key industries that has left investors …
China Goes After Online Insurance in Widening Crackdown
China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that has roiled global investors.The regulator ordered …
China removes credit rating requirements for debt financing tool issue by non-financial firms
China will remove credit rating requirements for issuance of debt financing tools by non-financial firms in a pilot scheme, the central bank said on Wednesday.The move aims to further enhance the auto …
China Faces Contrarian Calls for a Surprise Interest Rate Cut
China’s central bank is facing mounting calls to cut interest rates as fresh coronavirus outbreaks threaten to upend the recovery in the world’s second-largest economy.
Beijing continues to finance the coup generals
China announced US$ 6 million in funding for development projects. Western governments only provide humanitarian aid. The crackdown by Myanmar’s military against the resistance continues. The fo …
China Yuchai International Announces Unaudited 2021 First Half-Year Financial Results
China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main …
China July bank loans fall to 9-mth low, modest policy easing expected
China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market expectations that modest policy easing may be …
China July new bank loans fall to 1.08 trln yuan, lag forecast
Chinese banks extended 1.08 trillion yuan ($166.5 billion) in new yuan loans in July, down from June and below analysts’ expectations.
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