Beijing has shown no urgency at its NPC meeting to reboot or stimulate its economy in a way that would support its target, dashing the hopes of its neighbours worried about the drag from an…
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China’s regulator says it wants ‘virtuous cycle’ between finance and real estate
China wants a “virtuous cycle” between the finance and real estate sectors and will accelerate the implementation of a real estate financing coordination mechanism, the National Financial Regulatory …
Standard Chartered CEO contender Cooper to leave in overhaul as UK bank changes top Greater China jobs
Simon Cooper, a frontrunner to replace CEO Bill Winters, is set to depart. Judy Hsu will take on more responsibility in consumer and private banking, while Asia chief Ben Hung will become president of …
Beijing Is Expected to Unveil GDP Target Around 5% — A Goal Now Harder to Achieve
Investors will closely scrutinize policy priorities and stimulus signals as Beijing is expected to announce an annual growth target of around 5% — the same as last year but one that will be …
South Korea to review risky financial products after China market slump triggers more than US$4 billion in losses
South Korea plans to review the sale of potentially high-risk investments after a probe found that banks mis-sold China-linked structured products, exposing retail investors to more than US$4 billion …
Financial Crisis Hits Elderly Investors as Chinese Trust Company Collapses
In the wake of a severe economic downturn, elderly retirees in China have been hit with significant financial losses following the collapse of Sichuan Trust. The Chengdu-based trust company declared …
China Investigates Another Top Banker For Corruption
China has launched an investigation into another former top banker for suspected corruption, state media reported Wednesday, as President Xi Jinping’s flagship anti-graft drive rages through the …
How China Tried to Fix the Stock Market—and Broke the Quants
China’s biggest quant funds beat the market for years, but they didn’t model a key factor—the government.
African Development Bank chief criticizes opaque loans tied to Africa’s natural resources
The head of the African Development Bank is calling for an end to loans given in exchange for oil or critical minerals used in smartphones and electric car batteries …
Former China Development Bank vice-president under investigation
Former vice-president of China Development Bank Li Jiping has been placed under disciplinary and supervisory investigation, an official statement said on Wednesday. Li is being investigated by the …
Korea to Review Risky Financial Products After China-Tied Losses
South Korea plans to review the sale of potentially high-risk investments after a probe found that banks missold China-linked structured products to retail investors who are facing more than $4 …
U.S. Announces $4 Billion Strategy to Counter China’s Influence
The move comes in response to China’s extensive Belt and Road Initiative, which has significantly overshadowed U.S. efforts in funding infrastructure development in developing countries. Chinese …
Michael McGrath begins China trip ahead of St Patrick’s Day
The visit follows the Chinese premier’s visit to Ireland last month, which resulted in the country lifting its Irish beef suspension …
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