Government moves to rein in runaway growth in China’s real estate sector have raised questions about how a slowdown in the industry could affect the wider economy. ( read original story …)
Tagged By banking
Beijing’s tax, fee cuts exceed 470B yuan during 13th Five-Year Plan period
Beijing’s tax and fee cuts exceeded 470 billion yuan (about $72.59 billion) during the 13th Five-Year Plan period amid the capital’s efforts to support its speedy development, according to data from … ( read original…
Investors Piling into China’s Stocks Must Remember Portfolio Diversification
As China’s stock market reached its highest level since the 2008 global financial crash and the country’s economic recovery accelerates, investors will continue … ( read original story …)
REFILE-UBS aims to double China investment banking staff for growth
UBS Group AG aims to double staff at its China investment banking business in 3-5 years, seeking to capture growth opportunities unleashed by Beijing’s capital market reforms, a senior executive said … ( read original…
Elastic Bands And Slingshots Define Banking Trends For 2021
Accenture’s view on how much the future of the banking industry will radically change because of the pandemic versus how much we will revert to pre-COVID ways. This is a snapshot of the top 10…
China’s Bid for Financial Supremacy and Us
Beijing’s efforts to lure investors aren’t a threat to the U.S. as much as they’re a positive incentive for the U.S. to similarly pursue better policies. What will make China rich will also lift the…
Beijing pushes tech giants to share consumer credit data
China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data With less than two weeks of the new year elapsed, it seems clear that Big Tech and its…
EXCLUSIVE-China to push its tech giants to share consumer credit data-sources
China plans to push tech giants including Ant Group, Tencent 0700.HK and JD.com 9618.HK to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, … (…
China Plans to Let Banks Sell Soured Personal Loans to Ease Risks
China plans to allow some commercial banks to start selling soured personal loans to distressed asset managers as soon as this month, according to people familiar with the matter. ( read original story …)
China Stocks Slump Most in Three Weeks on Valuation Concerns
Chinese stocks fell the most in three weeks, led by consumer shares and commodity producers, amid concern valuations for the most popular stocks were stretched and as metal prices slumped. ( read original story …)
The week in review: December CPI inflation turns positive, Beijing hits back at foreign sanctions, CBIRC fines seven FIs
In this round-up, consumer inflation in China turns positive in December, Beijing announces rules to protect Chinese companies from sanctions of foreign governments, and the banking and insurance … ( read original story …)
China stocks end lower on Sino-U.S. tensions, fresh virus cases
U.S. tensions continued to weigh on the market, while a jump in new domestic COVID-19 cases also dampened sentiment. ( read original story …)
China’s banking regulator hands out year’s first penalties
China’s top banking and insurance regulator has slapped fines totaling almost 200 million yuan (about 30.9 million U.S. dollars) on institutions and individuals in its first crackdown on financial … ( read original story …)
