A trade dispute with the US and a crackdown on shadow banking made China the world’s worst-performing major stock market in 2018, shedding some $2.3tn in value. Investors say that while China’s intens… ( read…
Tagged By banking
China Targets Smaller Lenders in Latest Shadow Banking Crackdown
China announced plans to rein in the expansion of lending by the nation’s regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in ……
Beijing boosts video game sector with licensing resumption
Beijing has resumed commercial licensing for video games, ending a nine-month freeze that has taken a toll on internet giant Tencent and other publishers in the world’s biggest gaming market. China’s … ( read original…
China’s central bank rules out major stimulus because financial risks are ‘controllable’
China’s central bank has sought to counter market speculation that it would engage in a significant loosening of monetary policy next year to offset a slowing economy and trade uncertainties, saying t… ( read original…
China’s stock drop this year reduces bubble worries, central bank official says
Zhou Xuedong, spokesperson, director general of the general executive office, People’s Bank of China, speaks with reporters in Beijing after the last day of trading in local markets for 2018. Despite … ( read original…
Hyatt Regency Beijing Wangjing Triumphed Industry Awards Since Opening
BEIJING, Dec. 28, 2018 /PRNewswire/ — Recently National Geographic Traveler, one of the most renowned high-end travel publications in China, announced the winners of 2018 Golden Awards. Hyatt … ( read original story …)
China to Hasten Approvals for Foreign Financial Firms
(Bloomberg) — China will speed up approvals for securities firms and fund-company joint ventures in which foreign investors have majority stakes, a senior official said, another sign that policy make… ( read original story …)
China’s Rival to GPS Technology Is Looking to Go Global
(Bloomberg) — China’s alternative to the American-owned GPS extended its coverage beyond the Asia-Pacific region with a goal of becoming a dominating technology in the future, spurring gains in share… ( read original story …)
Bank of China, China Construction Bank get wealth management units in shake up of US$4.3 trillion industry
Beijing has given two of China’s biggest banks the go-ahead to set up wealth management units, a move that could create a new growth engine for an industry struggling to sustain profitability. The Ban… (…
China to Speed Up Approval for Foreign-Owned Financial Firms
Sources: China Banking and Insurance Regulatory Commission, Asset Management Association of China, Securities Association of China, Oliver Wyman, Casey Quirk, Bloomberg Economics Chinese officials hav… ( read original story …)
China says new financial information rules aimed at providers for institutions
BEIJING (Reuters) – China’s internet regulator said on Friday the recently published rules governing financial information providers are aimed at firms supplying information to an institutional … ( read original story …)
China central bank pledges prudent monetary policy and a stable yuan
BEIJING (Reuters) – China’s central bank said on Thursday it will maintain a prudent monetary policy and keep the Chinese currency basically stable while offering “reasonably ample” liquidity to … ( read original story …)
Tesla sets up Shanghai financial leasing unit as China plans accelerate
BEIJING (Reuters) – Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up … (…