From Hong Kong and Beijing to London, accomplished financiers are abandoning … Cut out of the action, a growing cohort of banking professionals are instead applying their talents toward buying or hawking cryptocurrency. They’re going…
Tagged By banking
Lagarde: International Monetary Fund Might Move Headquarters To Beijing, China
Beijing has signaled its eagerness to play a greater role in the global economy with the rise of Chinese-backed regional institutions, such as the Asian Infrastructure Investment Bank, a rival to the World Bank. And…
Cambodia deports telephone fraud suspects to China
The targets would then be put in touch with a fake police officer — also at the gang’s headquarters — and be told they could escape arrest by transferring the allegedly stolen money to a…
Graphic: Key issues before next week’s Bank of England meeting
LONDON (Reuters) – Bank of England policymakers face conflicting signals about … A decade-long battle by luxury brands to defend their image neared an end on Wednesday when an… BEIJING (Reuters) – China’s largest provider…
China Did Stimulus the Wrong Way
In China, there are four really big banks owned by the central government — Agricultural Bank of China, Bank of China, China Construction Bank and Industrial and Commercial Bank of China. When the aftershocks of…
China says to steadily expand opening of capital markets
BEIJING/SHANGHAI (Reuters) – China’s securities regulator pledged on Wednesday to expand access to capital markets for all types of investors, while encouraging more long-term institutional participation in the financial domain. In a brief report on…
China Seeks to Export Its Green Finance Model to the World
BUENOS AIRES, Jul 26 2017 (IPS) – Hand in hand with the UN Environment Programme (UNEP) and the Inter-American Development Bank (IDB), the People’s Bank of China (PBoC) disembarked in the Argentine capital to prompt…
Why Ponzi schemes are thriving in China despite crackdowns
The financial naivety of the public and a collective desire for unfeasibly high returns have helped fuel the proliferation of fraudulent investment schemes in China, according to an academic. “China’s financial markets were opened in…
Central bank stresses neutral monetary policy, financial regulation
BEIJING — China’s central bank said Tuesday it would continue to implement a prudent and neutral monetary policy and step up financial regulation to prevent systemic risks. The People’s Bank of China (PBOC) will maintain…
Traders shift attention to Chinese brokerages as crackdown continues on financial industry
Dai holds shares in Guotai Junan Securities, China’s third-biggest listed brokerage by market … as the regulatory crackdown on financial leveraging deflates bubbles in small-cap shares, which are still more than three times as expensive…
Financial risks to be prevented
China will strengthen the coordination of financial regulation, stabilize the property market and prevent systemic financial risks, according to a statement issued after a top leadership meeting on Monday. “Financial disorder will be tackled thoroughly…
Watch out for ‘grey rhino’ in jungle of financial risks
BEIJING – Every major economy has its own “grey rhinos” – big and neglected economic risks. In China’s case, it is the rapid build-up of financial risks caused by debt-fueled investment growth, as People’s Daily,…
China c.bank says will strictly regulate financial market trading
BEIJING, July 25 (Reuters) – China’s central bank said on Tuesday that it would strictly regulate financial trading and strengthen the regulation of internet finance as policymakers looks to control risks in what regulators have…
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