(Beijing) — Commercial banks in Beijing are shrinking interbank and off-balance sheet business activities as financial regulators step up efforts to reduce financial leverage and contain the fast-growing shadow banking system. By the end of…
Tagged By banking
China Cracking Down on Harmful Websites
China held a drill with internet service providers to practice cracking down websites that are deemed harmful as the country prepares for a sensitive five-year political reshuffle set to take place later this year. Internet…
China admits to disguised fiscal borrowing risk
China’s finance ministry has acknowledged that public-private partnerships for infrastructure investment have become a vehicle for “disguised borrowing” by local governments, as Beijing targets systemic risk from rising regional debt. The central … ( read…
In rare bipartisan display, Democrats back Trump on China trade probe
and that Beijing is willing to improve trade ties. A senior Chinese official said on Monday there was no link between North Korea’s nuclear program and China-U.S. trade. Wyden, the top Democrat on the Senate…
White House to prepare trade case against China, sources say
The move, which could come in the next several days, signals a shift by the administration away from its emphasis on greater cooperation between Washington and Beijing, in part because administration officials have become frustrated…
The Conglomerate That Troubles China
On a sweltering July afternoon in Beijing, two Bloomberg staffers set out to find Guan, who until recently controlled a stake in airlines-to-finance conglomerate HNA Group Co. that on paper was worth almost $18 billion.…
Trump set for Friday speech, to sign memo on Chinese intellectual property and trade practices
and that Beijing is willing to improve trade ties. A senior Chinese official said on Monday there was no link between North Korea’s nuclear program and China-U.S. trade. Wyden, the top Democrat on the Senate…
As Washington Tries to Protect Tech, China Could Fight Back
Beijing has a strong grip on American technology companies … Senator Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee, which handles trade issues, met with Mr. Lighthizer Wednesday morning and gave…
Distractions over, Beijing revives its global currency ambitions
according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Time right to loosen controls on yuan-dollar exchange rate, says China state-run paper Gavekal Research chief executive Louis-Vincent Gave said Beijing’s push to make ……
UPDATE 1-In rare bipartisan display, U.S. Democrats back Trump on China trade probe (NKE, FLIR)
and that Beijing is willing to improve trade ties. A senior Chinese official said on Monday there was no link between North Korea’s nuclear program and China-U.S. trade. Wyden, the top Democrat on the Senate…
Chinese billionaire tried to sell Van Diemen’s Land Company before buying it
The Australian Financial Review revealed last month the new Chinese owner … It is offering consumers in Beijing, Shanghai and surrounding provinces eight litres of fresh milk over a month for 618 yuan or around…
China’s LeEco says in talks with China Construction Bank to resolve loan repayment
Leshi acknowledged in its statement that its delay in paying back the 50 million yuan loan had caused a Beijing branch of the bank to undergo risk prevention efforts on the loan. Local media had…
China’s FX regulator joins fight to shut problematic offshore M&A
Beijing is investigating fraudulent declarations of domestic … additional approvals from the regulators for these types of transactions. In June, China’s bank regulator ordered domestic lenders to assess the “systemic risk” presented by “some ……
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