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 ……
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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 ……
China central bank finds 40 banks in violation of rules
BEIJING: China’s central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on yesterday, citing a…
M&A Bankers Miss Two Chinese Banquets
Citigroup Inc. and Bank of America Corp.’s Merrill Lynch unit — also in the … You only have to look across the water to Macau to see that Beijing’s crackdowns often have a short shelf-life,…
Economic Watch: China takes bigger steps on financial opening up
BEIJING, Aug. 2 (Xinhua) — China has quickened the pace of … local government bonds, policy bank bonds and commercial bank bonds. “The Bond Connect is conducive to the internationalization of the mainland’s financial market…
RPT-SPECIAL REPORT-The immigrant success story that led Spanish police to a Chinese banking behemoth
The case file, he said, was sealed by the court so the bank could not comment on it. FALL FROM GRACE By the time of his arrest, Gao had become a prominent philanthropist. He had…
China’s crackdown on its own companies has nothing to do with their financial health, economist says
China is trying to block companies from moving money out of the country and borrowing too much, but that crackdown has a lot more to do with politics than economics, an independent economist said Tuesday.…
Predicting China’s endgame: financial crisis, lost decade or soft landing?
Rising economic imbalances and persistent growth slowdown have made China a major concern for investors in recent years. Such concern has been propagated globally by the liberalisation of the country’s capital account and financial markets.…
US plans trade probe over China’s demands for tech transfers
BEIJING — President Donald Trump’s administration is considering using rarely invoked U.S. trade laws to fend off China’s demands that foreign companies share their technology in return for access to the country’s vast market, a…
The immigrant success story that led police to a Chinese banking giant
The case file, he said, was sealed by the court so the bank could not comment on it. By the time of his arrest, Gao had become a prominent philanthropist. He had opened art galleries…
