BEIJING, May 4 (Reuters) – China’s banking and insurance regulator issued rules on Friday to help limit banks’ exposure to large, single clients, as part of a widening clampdown on risks in the financial system.…
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China’s Shifting Economic Policy Has Big Investing Ramifications
Notably, Guo Shuqing, the Chairman and Party Secretary of the newly formed China Banking and Insurance Regulatory Commission, has also been appointed as the party secretary of the PBOC. Both Guo and new Central Bank…
China tightens regulation on private lending
An employee counts yuan banknotes at a bank in Huaibei, East China’s Anhui province, June 22, 2010. [Photo/Agencies] BEIJING – China will tighten regulation of the growing private lending market. Without official approval, no entities…
Clifford Beaumont – China to Announce Asset Management Regulations
TAIPEI, TAIWAN, May 03, 2018 /24-7PressRelease/ — A source close China’s central bank revealed that China will unveil new asset management industry regulations within the next week. Clifford Beaumont analysts say markets have been waiting…
The Latest: Trump wants China to cut trade deficit by $200B
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 6:25 p.m. The Trump administration wants China to reduce the trade deficit with the U.S. by $200 billion by the end of…
Beijing Inspiry Technology promotes self-service QR code payment solutions in Singapore
Leading-edge QR code payment solutions that are popular in China now enter Southeast Asia SINGAPORE, May 4, 2018 /PRNewswire/ — On May 4, 2018, Beijing Inspiry Technology Co., Ltd., one of China’s leading mobile payment…
The Latest: China says US side to raise ZTE case with Trump
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 4:45 p.m. China’s Commerce Ministry says U.S. officials have agreed at trade talks to raise China’s objections to sanctions levelled against Chinese…
Trump praises China’s Xi as trade talks begin in Beijing
BEIJING (Reuters) – U.S. President Donald Trump on Thursday … As Mnuchin arrived, Trump tweeted: “Our great financial team is in China trying to negotiate a level playing field on trade! I look forward to…
China: UBS seeks 51% stake in its banking joint venture
One bank is already taking the plunge. Switzerland’s UBS (UBS) said Thursday that it would seek control of its joint venture in China by upping its stake in the business to 51%. It would be…
The Finance 202: Trump team faces long odds for trade breakthrough in Beijing
Treasury Secretary Steven Mnuchin is seen as he and a U.S. delegation for trade talks with China arrive at a hotel in Beijing. (Reuters/Jason Lee) Spare a thought for the Trump team arriving in Beijing…
Beijing financial markets mature as China turns grey
Far-reaching reforms of China’s financial system offer global asset managers the tantalising prospect of access to a vast investment market with lucrative profit streams. China is on course to be the world’s second-largest fund market…
UBS Group becomes first global bank to apply for majority control of Chinese securities venture
an asset management unit of the Beijing city government, owns 34.73 per cent. Sergio Ermotti, the UBS chief executive, said earlier this year that the bank planned to grow its business in the region and…
US-China trade talks centre on rivalry over technology
President Donald Trump said he expected relations with Beijing to stay on an even keel. “Our great financial team is in China trying to negotiate a level playing field on trade!” he said on Twitter…
