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…
Tagged By banking
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…
China’s Banks Need More Capital After Credit Boom, IMF Says
In its first comprehensive assessment of China’s financial system since 2011, the IMF recommended “a gradual and targeted increase in bank capital.” In a worst-case scenario, IMF stress tests suggested the country’s lenders would face…
China’s financial system has three important ‘tensions,’ the IMF says
An almost two-year long study of the Chinese financial system by the International Monetary Fund found three major tensions that could derail the world’s second-largest economy. Those tensions emerged as China moves away from its…
China banking regulator issues draft rules on liquidity risk management
BEIJING (Reuters) – China’s banking regulator on Wednesday issued draft rules on commercial banks’ liability risk management with an aim to improve lenders’ risk assessment framework and safeguard the banking system in the new market…
China central bank expected to conduct MLF one more time in mid-Dec: Financial News
SHANGHAI (Reuters) – China’s central bank is expected to use its medium-term lending facility one more time in the middle of this month, the Financial News, a paper run by the central bank said on…
China’s commercial banks need to focus more on small businesses: regulator
SHANGHAI (Reuters) – China’s city commercial banks should direct more of their lending to small businesses in a bid to boost the private sector and address regional economic disparities, a senior banking regulator said in…
China to further regulate financial markets
China will further regulate financial markets and get tough on illegal financial activities, deputy head of China’s banking regulator said Tuesday. “Despite progress in the ongoing financial scrutiny, the market is still prone to risks…
China’s commercial banks need to focus more on small businesses
SHANGHAI, Dec 6 (Reuters) – China’s city commercial banks should direct more of their lending to small businesses in a bid to boost the private sector and address regional economic disparities, a senior banking regulator…
China’s financial sector opening raises prospect of talent war
HONG KONG (Reuters) – In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in China as they sought a share of the country’s $1.5…
Festive Season at Sunrise Kempinski Hotel, Beijing & Yanqi Island
BEIJING, Dec. 5, 2017 /PRNewswire/ — The festive season filled with harvest and joy is starting. Let us celebrate the arrival of the winter in style with an incredible party on Yanqi Island. Take the…
Micro-lender China Rapid Finance spots opportunity in new rules
BEIJING (Reuters) – China Rapid Finance will make any adjustments needed to its business practices and the fees it charges in response to Bejing’s new requirements to clean up fast-growing online micro-lenders, its chief executive…
Canada, China delay launch of trade talks as Trudeau continues state visit
“China is very aware that this is a precedent as they move forward with the first trade deal with a G7 country and there is a desire that we get it right,” Trudeau said. “There…
