A senior executive at China Minsheng Bank is being investigated by the government’s banking watchdog on suspicion of “serious violation of discipline”, amid an ongoing anti-corruption crackdown in the financial industry. Lin Xiaoxuan, the bank’s…
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Chinese Dealmaker Raises Billions From Shadow Banks
That question is gaining new urgency as Beijing moves to curb debt-fueled overseas investments that could ultimately pose risks to the nation’s companies and economy. One part of the answer lies inside the country’s vast…
China could spark world financial CRISIS with infrastructure programme, experts warn
The ambitious programme aims to bring Silk Road trade routes – an ancient network of trade paths – back to life. State-backed banks in the world’s second largest economy are raising billions of pounds worth…
China’s ‘Belt and Road’ initiative could be the next risk to the global financial system
China has pitched its mammoth, pan-Eurasian “Belt and Road” infrastructure initiative as a means of promoting economic prosperity and fostering diplomatic ties on a global scale. That rhetoric may win plaudits at a time when…
China’s Future, Reshaped by Robots
Speak to China experts these days and you typically get one of two contrasting views on its outlook. The prevailing wisdom is that an unreformed state-industrial sector and rising debt mean it is on an…
China Deepens VAT Reform to Combat Financial Complexity
China announced to deepen its value-added-tax (VAT) reform again on August 18 this year at a State Council executive meeting chaired by Premier Li Keqiang. The government’s newest move sets out to enhance the non-standardized…
China’s cat-and-mouse game over capital outflows set to continue
At that time, the renminbi weakened sharply, capital outflows surged and the stock market crashed. In Beijing’s view, financial risk remains paramount still — even though the scary, unvirtuous circle of a weakening renminbi, ever…
China c.bank: Rollover of special treasury bonds won’t affect financial markets
BEIJING, Aug 22 (Reuters) – China’s central bank said on Tuesday that the rollover of special treasury bonds will not affect financial markets and banking sector liquidity. The central bank will buy the special treasury…
Senior Executive at China Minsheng Bank Targeted in Graft Probe
(Beijing) — A senior executive at China’s largest private bank–China Minsheng Bank–has become the latest target of an anti-corruption campaign that has brought down several regulatory officials and executives in the financial sector. Lin Xiaoxuan…
China tells prosecutors to get tough on ‘financial ‘crocodiles’ … and make it snappy
Chinese prosecutors have been told to show no mercy to the “financial crocodiles” who threaten economic stability, in the latest sign that Beijing is prepared to use all of its judicial and executive apparatus to…
China’s Great Wall says it’s watching Fiat Chrysler, but no talks between companies yet
China’s largest sport utility vehicle (SUV) manufacturer made a direct overture to Fiat Chrysler on Monday, with an official saying the company was interested in all or part of FCA, owner of the Jeep and…
Focus on financial risk puts China on a more sustainable path
After years of hyper rapid credit growth, China’s leadership now has a laser-like focus on reducing financial risk. Not so long ago this issue was met with official silence. Since late 2016, President Xi Jinping…
Ford, China’s Zotye Auto plan JV to build electric vehicles
Both firms will hold a 50-50 stake in the JV, it said. It did not provide details of financial commitments nor say by when it will take a firm decision on the JV. Ford sees…
