China’s asset management association warned funds to steer clear of marketing that verges on entertainment, underscoring scrutiny over money managers increasingly resorting to livestreaming to win … ( read original story …)
Tagged By banking
UPDATE 1-China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 bln
China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2 … ( read original story…
China claims it has beaten extreme poverty, but what has it actually achieved?
President Xi Jinping called it a major victory for the Chinese Communist Party, but experts say there’s still a lot to be done … ( read original story …)
What to Watch as China Rolls Out an Economic Plan to Overtake the U.S.
China kicks off its biggest political meeting of the year Friday, laying out plans that could propel the economy into the world’s biggest this decade. ( read original story …)
China, Pakistan reiterate commitment to infrastructure development programme
Two sides should ‘firmly promote the construction of the China-Pakistan Economic Corridor’, Chinese Foreign Minister Wang Yi tells his Pakistani counterpart, Makhdoom Shah Mahmood Qureshi. ( read original story …)
China-led bank douses debt trap fears: Problem is with use of borrowed money
The Beijing-based Asian Infrastructure Investment Bank on Wednesday downplayed concerns countries like the Philippines could fall into a debt trap, as governments continue to borrow to fund the fight … ( read original story …)
Tencent boss to call for tighter governance on China’s internet economy: state media
Pony Ma will make the proposal at the National People’s Congress (NPC), which starts on Friday, the report said. “It is recommended to carry out government guidance and development in specific areas … ( read…
Chinese vice premier meets Swiss finance minister via video link
Chinese Vice Premier Liu He met with Swiss Federal Councillor and Finance Minister Ueli Maurer via video link on Wednesday. The two sides exchanged in-depth views on practical cooperation in finance … ( read original…
CORRECTED-UPDATE 1-Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny
Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese…
China-based lender downplays debt trap risks tied with Beijing’s lending
The leader of a multilateral lender based in China talked down risks of a debt trap long tied to his host country’s donor status at a maiden event meant to foster deeper ties between the…
China’s top banking regulator sees surge of bad loans in 2021 as effects of coronavirus bite
When the Industrial and Commercial Bank of China (ICBC), the world’s largest bank by asset size, started to auction 657 million yuan (US$101.5 million) of its non-performing assets in six tranches on … ( read…
China Bank Regulator Warns Of Foreign Equity Bubbles
Asian equities were mixed as India and South Korea outperformed. The biggest catalyst was China Banking and Insurance Regulatory Commission’s Chairman Guo Shuqing’s speech yesterday, in which he … ( read original story …)
China’s fiscal risks ‘extremely severe’, former Chinese finance minister warns
Beijing: China’s former finance minister Lou Jiwei has warned that the country’s fiscal situation is ‘extremely severe with risks and challenges’. ( read original story …)
