Women dressed in ethnic costumes perform in an outdoor production called “Impression Lijiang”, held on a man made stage on the Jade Dragon Snow Mountain, 3,100m (10,170 feet) above sea level, near Lijiang city in…
Tagged By banking
China’s banks need more capital after credit boom
Zhou Xiaochuan, Governor of the People’s Bank of China, speaks during the 32nd Annual Group of 30 (G30) International Banking Seminar in Washington, DC, on October 15, 2017. / AFP CHINA’S banks should increase their…
IMF calls on China banks to boost capital after credit boom
The People’s Bank of China praised the report but disputed some elements, including the interpretation of the stress-test results. “We believe . . . that the (IMF’s) descriptions of the stress testing did not fully…
IMF warns on brewing risks in China’s financial system
The International Monetary Fund on Thursday warned of brewing risks in China’s banking system as it found dozens of crucial lenders needed to beef up their protection against possible financial crises. The report comes a…
UPDATE 1-China’s growth objectives clash with financial stability goal – IMF
China’s central bank’s reaction) By Ryan Woo BEIJING, Dec 7 (Reuters) – China should prioritise financial stability above development goals, as pursuit of regional growth targets and helping firms avoid heavy job losses had led…
HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver
HONG KONG (Reuters) – HSBC (HSBA.L) has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique position of having management control of its securities venture there,…
IMF, World Bank note efforts to reform nation’s finances
A teller counts money at a bank in Taiyuan, capital of North China’s Shanxi province. [Photo/China News Service] Global financial organizations acknowledged China’s achievements in recent economic and financial reforms after a two-year comprehensive ……
China central bank governor says to control systematic risks
HONG KONG (Reuters) – China central bank governor Zhou Xiaochuan has said keeping prices stable and controlling systematic risks in the financial sector are two core targets for the bank. The People’s Bank of China…
Three reasons why non-bank competitors should enter China
Sean Harrison looks at the potential for non-bank competitors to gain market share in digitally savvy China. Non-bank competitors seeking to enter a sufficiently large market, with healthy margins, increasingly digital savvy consumers and a…
IMF report finds risks to China’s financial system
The IMF is out with an in-depth report on the state of China’s financial system. The two-year long study identified three major headwinds the China’s economy faces. Yahoo Finance’s Seana Smith, Rick Newman, Melody Hahm,…
China’s banking system risks facing crisis: IMF
The International Monetary Fund (IMF) has claimed that China risks facing a growing debt-dependency in its banking system, urging Beijing to increase its capital buffers to protect against a possible “financial crisis.” The Washington-based ……
China’s financial system harbours large risks, says IMF
Rising levels of debt pose “large risks” to China’s economy, according to the International Monetary Fund (IMF). In its first report since 2011 on China’s resilience to shocks and contagion, the IMF said it still…
IMF report on China does not reflect the ‘whole picture’: China central bank statement
BEIJING (Reuters) – China’s central bank said on Thursday an IMF report on China’s financial system did not reflect the whole picture, according to a statement released on the People’s Bank of China website. China’s…
