WASHINGTON (Reuters) – Republican U.S. senators on Tuesday called on the Trump administration to increase pressure on China to remove foreign ownership curbs that bar American financial companies from freely operating in the world’s second…
Tagged By banking
China Herds ICO Cats
A steady flow of news out of China in the past week indicates the government may … Soon after, the state-endorsed National Internet Finance Association warned that ICOs pose a financial risk and have disrupted…
China’s Central Bank Declares Initial Coin Offerings Illegal
China PBOC says all ICOs must be stopped and refunds provided China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge…
China regulators target ‘systemic risk’ from money-market funds
China will impose tighter regulation on “systemically important” money-market mutual funds, potentially forcing Ant Financial’s popular fund to de-risk its portfolio and reduce yields for investors. MMFs have exploded in popularity in recent years ……
China’s Reformist Central Banker Could Be a Tough Act to Follow
But any successor will face challenges working for Xi Jinping, China’s president, who appears determined to reassert control in a financial sector that Mr. Xi’s allies see as needing more government control, not less. “No…
China faces risk of financial tsunami
Credit default swap products sent many a financial firm to the edge of collapse in 2008, and almost 10 years after that financial tsunami no one can believe it that another potential CDS crisis is…
China’s top consumer credit firm fined US$1.37 million for malpractice, executives fined, blacklisted
Bank of Beijing Consumer Finance Company, which was established in 2010 with the hope of finding a business model for consumer credit in China, was fined nine million yuan (US$1.37 million) for “seriously violating prudent…
China virtual currency events moved or delayed as central bank bans digital coin fundraising
Two conferences on cryptocurrencies and related technologies in China’s capital Beijing have been abruptly moved or delayed while a third in a provincial city has been cancelled, on the same day as the central bank…
China central bank says initial coin offerings are illegal
BEIJING (BLOOM BERG) – China’s central bank said that initial coin offerings are illegal and have asked all related fund-raising activity to be halted immediately, according to a notice from the regulator. The People’s Bank…
Bank of Singapore growing fast thanks to Hong Kong
The Bank of Singapore, the private banking arm of OCBC, has experienced rapid growth by aggressively expanding its presence in Hong Kong and other cities in Greater China. “Greater China has been the main driver…
China bans initial coin offerings as illegal fundraising
BEIJING (Reuters) – China’s on Monday banned individuals and organizations … citing data from a government organization that monitors online financial activity. ( read original story …)
China’s big banks improve profitability as smaller lenders lag
But smaller, national and regional lenders — which control about a third of China’s banking assets — are still feeling the strain, hit by a regulatory crackdown on risky activity that has made it difficult…
China Needs Rapid Growth to Ease Huge Debt Bubble
When it stops growing it collapses.” China has lots of first-rate infrastructure and talented people. But a financial crisis there would surely do damage to the world economy, including the US. Better for China to…
