China’s securities regulator slapped two individuals with a record fine for insider trading and confiscated their ill-gotten gains, meting out 3.6 billion yuan (US$508 million) of penalties in an … ( read original story …)
Tagged By banking
China Taps World Bank Official for U.S.-Facing Finance Post: Sources
Yang Yingming, who has been Executive Director for China at the World Bank in Washington since 2016, returns to the finance ministry months after Beijing and Washington completed … ( read original story …)
Pompeo says China’s Africa lending creates unsustainable debt burdens
U.S. Secretary of State Mike Pompeo on Wednesday blasted China’s policy on lending to African countries, reiterating Washington’s charges that it creates unsustainable debt burdens. China’s President … ( read original story …)
China’s Great Wall of Finance Shows First Signs of a Crack – in Hong Kong
A day before Beijing passed a decision paving the way for its national security law for Hong Kong, the global index provider MSCI decided to relocate its financial derivative products from Singapore … ( read…
U.S. Should Sanction Chinese Banks For Repression In China
China needs access to the dollar’s international plumbing system to finance its Belt and Road initiative. More than 70% of its international trade and a substantial portion of China’s incoming … ( read original story…
China’s debt relief to support some stressed emerging markets: Fitch
China’s pledge to relieve the debt burden owed to it by some emerging market governments could ease near-term liquidity pressures in nations struggling with the fallout from the coronavirus pandemic, … ( read original story…
Beijing officials declare outbreak ‘under control’: Live updates
The new coronavirus outbreak that infected 256 people in Beijing since early June is “under control”, officials in the Chinese capital said, but fears remain over the risk of community transmission. ( read original story…
Shadow banking back in vogue in China as assets grow for the first time since 2017
China had been tightening its control over off-balance sheet lending by banks since 2016 to curb financial risks, but credit growth is needed to rescue the coronavirus-hit economy. ( read original story …)
China’s central bank injects 180 bln yuan into market to maintain stability
China’s central bank on Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. ( read original story …)
UN chief hopes Israel decides against West Bank annexation
General Antonio Guterres expressed hope Tuesday that Israel will hear global calls and will not go ahead with annexation of parts of the West Bank, which would … ( read original story …)
China’s banking system begins to crack at its grass roots as two bank runs take place within a week
China’s US$40 trillion banking system is seeing growing signs of trouble at its grass roots with bank runs happening at two small local lenders last week, a sign that a mountain of debt and an…
China’s central bank injects 180 bln yuan into market
BEIJING, June 24 (Xinhua) — China’s central bank on Wednesday pumped cash into the banking system via reverse repos to maintain liquidity. With no reverse repos maturing Wednesday, the People’s Bank … ( read original…
Foreign Affairs Minister Champagne says he has repaid mortgages with Bank of China
As The Globe and Mail first reported, Mr. Champagne has two registered residential mortgages with the state-owned Bank of China in London, which the opposition said exposed him to “personal financial … ( read original…
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