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.…
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‘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…
China curbs lender-trust cooperation in fight against shadow banking
BEIJING (Reuters) – China’s banking regulator on Friday banned lenders from using trust firms to skirt regulations and cover up risk in Beijing’s latest effort to crack down on shadow banking. In a statement on…
China stocks fall as financial and consumer shares drag
SHANGHAI, Dec 22 (Reuters) – China stocks dipped on Friday, as weakness in banking and consumer stocks offset gains in the energy sector, but the indexes were up for the week. ** At the close,…
China’s using cheap debt to ‘bend other countries to its will,’ academic says
China’s continents-spanning Belt and Road network threatens … But concerns of developing countries taking on unrealistic financial obligations have sparked allegations of what’s being called ‘dept-trap diplomacy.’ Earlier this year, Indian Prime Minister … (…
Bank’s alleged ivory ad stirs public outcry
Internet users expressed outrage on Thursday after the Beijing branch of China Construction Bank allegedly set up a “last chance to buy ivory” advertising promotion. The ad violated administrative rules, a forestry official claimed on…
China will effectively fend off credit risks in banking sector: regulator
BEIJING (Reuters) – China’s banking regulator said on Thursday it will effectively fend off credit risks in the banking sector and appropriately address hidden local government debt risks. China will also effectively control risks in…
BRIEF-China Internet Nationwide Financial Services To Review Allegations Raised By Muddy Waters
Dec 21 (Reuters) – China Internet Nationwide Financial Services Inc: * CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC. ANNOUNCES FORMATION OF INDEPENDENT SPECIAL COMMITTEE TO CONDUCT INDEPENDENT REVIEW AND INVESTIGATION INTO MUDDY WATERS ALLEGATIONS … (…
Is ghost of Mao finally dead? China’s new economic plan reads like western manisfesto
The top priorities during the next three-years will be to improve air quality, alleviating poverty and curbing financial risk. China is in desperate need of financial reform as 43million people live in absolute poverty in…
How I.M. Pei’s Bank of China Tower changed Hong Kong’s skyline
Juan Du is an associate professor at Hong Kong University’s Department of Architecture. This year of 2017 marks the 100th birthday of the renowned Chinese-American architect I.M. Pei. From museums to business headquarters, Pei has…
Bank of China : UAE essential to One Belt One Road, says Bank of China GM
Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. Abu Dhabi to mutually promote their services for the benefit of both entities customers…
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