Nov 17 (Reuters) – China Development Bank Financial Leasing Co Ltd: * Peng Zhong has been nominated as executive director candidate of co * On 16 Nov, Peng Zhong has also been appointed as president…
Tagged By banking
China banking on home-grown system to keep financial crises at bay
The People’s Bank of China is pinning its hopes of fending off a financial crisis on a home-grown macro risk assessment system, according to the youngest of China’s five central bank deputy governors. The “macro…
China c.bank adviser: Expect China financial deleveraging to be less forceful in 2018
BEIJING, Nov 16 (Reuters) – A Chinese central bank advisor said on Thursday that he expects China’s financial deleveraging to be less forceful next year. China’s financial deleveraging has achieved obvious results, central bank adviser…
China central bank adviser: Expect China financial deleveraging to be less forceful in 2018
BEIJING (Reuters) – A Chinese central bank advisor said on Thursday that he expects China’s financial deleveraging to be less forceful next year. China’s financial deleveraging has achieved obvious results, central bank adviser Sheng Songcheng…
China imposes new rules on policy banks to curb risks
For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing’s pet projects and supporting Chinese companies abroad.…
China government official warns of bubble risks in financial sector
BEIJING (Reuters) – China’s financial sector faces bubble risks, a government official warned on Thursday and said a property tax may be on the cards in the near future as authorities extended their efforts to…
China sets new rules for policy banks to curb risks
SHANGHAI (Reuters) – China’s banking regulator has set new rules for the country’s three policy banks to help rein in risks amid a broader tightening of controls over the financial sector. The new rules require…
China announces special rules on policy banks
China’s banking regulator released special rules for the country’s three policy banks for the first time on Wednesday, featuring a capital restraint mechanism to strengthen risk control. Since their establishment in 1994, there have been…
BOC to open private banking arm in London
The Bank of China on Tuesday became the first Chinese bank to launch private banking services in London, in a bid to tap into the burgeoning pool of wealthy individuals living in and traveling to…
Military Drills Help China’s Best Bank Toughen Up Its Staff
At Bank of Taizhou Co., trainees are pushed to count money with lightning speed, toughened up by ex-instructors from the People’s Liberation Army and mobilized to go after delinquent borrowers with the subtlety of an…
China should push market-based financial reforms: central bank adviser
BEIJING (Reuters) – China’s central bank policy adviser Huang Yiping said on Wednesday that bank lending rates in China should be market-based and that policymakers should not rely on administrative measures to lower funding costs.…
Opinion: Why China’s financial system is safer than you may think
Last month, the governor of China’s central bank, Zhou Xiaochuan, blasted the country’s financial system as, if I were to paraphrase, “messy, shaky and risky”. These are all music to the ears of some China…
China overtakes US in latest top 500 supercomputer list
The most recent list shows that China is now in a class by itself, reports Enterprise Cloud News (Banking Technology’s sister publication). China now claims 202 systems within the Top 500, while the US –…
