A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
Tagged By banking
China: Consolidated Power To Address Financial Risks
The Chinese Communist Party turned a blind eye to financial risks in its pursuit of consolidated power. The party has now achieved consolidated power. Now it’s time for the party to address the risks it…
China tells Australia to butt out of South China Sea dispute
The Asian nation’s pollies urged Australia to stop making “irresponsible remarks” about its actions in the South China Sea. The Turnbull Government released the first detailed document on Australia’s place in the world in 14…
China Busts a $3 Billion Underground Bank as It Tightens Its Grip on Money
BEIJING — The money came from all over China — its wealthy southern and eastern coasts as well as the arid northwest — as thousands of people scrambled to circumvent the country’s strict controls on…
Senate to focus on Tibetan prisoners as Liberals pursue trade with China
OTTAWA — With Prime Minister Justin Trudeau poised to possibly travel to China soon, a Conservative senator plans to shine a spotlight on human rights abuses in its Himalayan region of Tibet. Sen. Dennis Patterson…
How does China need to deepen its financial reform ?
Financial sector reform in China has lagged behind reform in other areas. There has been some progress in opening the financial sector, but it has been hampered by various constraints. Although China’s exchange rate system…
China’s central bank orders crackdown on online lenders to curb runaway credit
China’s central bank has issued its harshest set of restrictions yet to rein in the country’s online microlending businesses, putting on a tight leash an industry that was feeding off young borrowers living beyond their…
Beijing Capital Grand Breaks Into the 2017 Top 20 List of China’s Commercial Property Operators
Capital Grand has been very successful in terms of both business development and financial growth in recent years. The Company’s flagship project, Beijing Capital Outlets, has maintained an annual sales growth of more than 30%…
Chinese shadow banking has slowed — but that’s not as good as it seems
That was just the latest stage of a crackdown from Beijing that has begun to show some signs of success. Broad shadow banking levels “barely grew” to 64.7 trillion Chinese yuan ($9.72 trillion) at the…
Air China indefinitely suspends flights between Beijing and Pyongyang
TAIPEI/BEIJING (Reuters) – Air China Ltd has indefinitely suspended flights between Beijing and Pyongyang, citing poor demand as North Korea faces growing sanctions from the United States over its nuclear weapons and missile programs. An…
Guaranteed repayment – the wild financial game no Chinese bank can afford to lose
China’s central bank is trying to smash the tacit rule of “guaranteed repayment” in the US$15 trillion asset management industry, but analysts say few financial institutions – especially banks – can afford to let their…
BRIEF-China Oceanwide International Financial says unit to buy senior notes for US$120 mln
Nov 22 (Reuters) – China Oceanwide International Financial Ltd: * Unit to purchase senior notes for US$120 million with coupon interest rate of 8.5 pct per annum Source text for Eikon: Further company coverage: Our…
China to step up financial regulation in property market: state TV
BEIJING (Reuters) – China will step up financial regulation and crack down on speculation in the property market to fend off bubble risks, state television CCTV reported on Tuesday. The remarks were made by regulators…
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