BEIJING, Dec. 25 (Xinhua) — China’s central bank suspended open market operations on Monday due to a fiscal spending increase near the year end. The rising fiscal spending near end of the year is sufficient…
Tagged By banking
Why China’s Big Step on Carbon Isn’t Bigger Still
China is looking to financial markets to help restrain its emissions of greenhouse gases. It surpassed the U.S. as the world’s biggest polluter more than a decade ago and now is building what will become…
PBOC Official Argues a Detroit-Like Bankruptcy May Benefit China
A Chinese central bank official said China should allow local governments to go bankrupt to help rein in regional authorities’ excessive borrowing. A case like the bankruptcy of Detroit would convince investors that the central…
China needs Detroit-style bankruptcy as debt problems remain – central bank official
China needs to let local governments take responsibility for their finances, including allowing bankruptcies, as part of an effort to defuse their debt risks, a central bank official wrote on Monday. Central government control of…
China’s central bank says will skip OMOs on Monday
SHANGHAI (Reuters) – China’s central bank said it will skip open market operations on Monday. On a net basis, the People’s Bank of China (PBOC) will drain 120 billion yuan ($18.25 billion) from the money…
6 Reasons You Should Own at Least One China Internet Stock
Many investors avoid owning stocks in China due to the greater than average risk. They cite many reasons, including the difficulty verifying information, the potential for fraud, and Chinese government interference as reasons to stay…
Curbing financial risks still a priority for China
A teller counts money at a bank in Taiyuan, capital of North China’s Shanxi province. [Photo/China News Service] BEIJING – When China’s top leaders emphasized efforts to control financial risks last year, few expected policymakers…
World’s largest amphibious aircraft makes maiden flight in China
BEIJING (Reuters) – China’s domestically developed AG600, the world’s largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South China Sea, the latest step in a military…
China Needs Long-Arm Jurisdiction in Financial Regulation, Forex Official Says
Licensing and exercising authority over foreign financial players doing business in China are critical to reducing risk of fraud amid the boom of internet finance, a senior official from the country’s top foreign exchange regulator…
Official Says Chinese Finance Suitable for Petrochem Projects
Asgaroladi said that after the lifting of international economic restrictions in early 2016, the central banks of Iran and China took measures to boost financial and banking relations and ease China’s investment in the country.…
‘China Hustle’ Documentary Claims Chinese Companies Are Deceiving American Investors
In March, a new documentary from the producers of “Enron: The Smartest Guys In The Room” claims it will shed some light on one of the largest financial frauds in the world. Jed Rothstein, director…
Banking Regulator Eyes Overlooked Trust Product
China’s banking regulator has decided to extend its oversight to a so-far overlooked type of trust product in an attempt to further clamp down on financial risks stemming from the business that banks and trusts…
China needs to continue reducing financial leverage – central bank deputy governor
SHANGHAI (Reuters) – China must proactively but gradually reduce debt in the economy to prevent the buildup of financial risks, state news agency Xinhua quoted China’s central bank’s deputy governor as saying on Saturday. Yi…
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