If the CPC cracks down on private firms, while leaving SOEs alone, private-sector confidence will dwindle, and the economy will become less productive, innovative and efficient … ( read original story …)
Tagged By banking
China’s State Capitalism Collides With Its Technological Ambitions
The enduring power of China’s state-owned enterprises to siphon off resources and box out competitors still looks like a potential Achilles’ heel for the country. ( read original story …)
China banking regulator warns of excessive online borrowing
China’s top banking regulator has urged consumers to make rational use of loan products and obtain financial services from regular institutions and channels to avoid falling into debt traps. Some … ( read original story…
China to work with Asean to further enrich partnership, says Finance Minister
China stands ready to work with Asean to further enrich the strategic partnership and usher in a new era of peace, development and cooperation for the region, said Chinese State Councilor and Foreign … (…
Chinese tech billionaire Jack Ma VANISHES from his own reality show as Beijing launches probe into his ‘monopoly’
Chinese tech billionaire Jack Ma has vanished from his own reality TV show as Beijing launches a probe into alleged monopoly. It comes after Chinese regulators announced an anti-monopoly investigation … ( read original story…
China’s banking regulator calls for rationality, stability in China-US relationship
China’s top banking and insurance regulator called for the United States government to promote a stable and healthy China-US relationship on Thursday. “The cooperation between China and the US is … ( read original story…
UK stocks wrap up worst year since 2008 while US and China rebound
The UK’s FTSE 100 index of stocks has completed its worst annual performance since 2008 while stocks in the US, China and elsewhere streak ahead, highlighting the uneven global recovery from the … ( read…
A Messy Financial Divorce for the U.S. and China
Even as official financial decoupling progresses, US and other financial firms are – with China’s blessing – building asset management, securities, life insurance, fintech, and custody businesses in … ( read original story …)
UPDATE 2-China central bank says to cap property loans by banks
China’s central bank issued a regulation on Thursday to cap property loans by banks, as authorities shift their attention back to debt risks and look to guard against any overlending to the property … (…
China Caps Bank Loans to Real Estate to Curb Systematic Risk
China’s regulators plan to cap banks’ lending to the real estate sector for the first time, in their latest efforts to guard against systematic risks and ensure financial stability after a series of … (…
UPDATE 1-China central bank says to cap property loans by banks
China’s central bank issued a regulation on Thursday to cap property loans by banks, as authorities shift their attention back to debt risks and look to guard against any overlending to the property … (…
China Considers Requiring Ant to Sell Finance Investments, Source Says
Chinese regulators are studying plans to force Ant Group Co. to divest equity investments in some financial companies, curbing the company’s influence over the sector, according to a person familiar … ( read original story…
China Caps Bank Lending to Real Estate to Curb Systematic Risk
China’s regulators plan to cap banks’ lending to the real estate sector, in their latest efforts to guard against systematic risks and ensure financial stability. ( read original story …)
