Governor Lowe noted that while the ascent of the Chinese economy has been positive for Australia, it is also not without its risks: “If a major economic shock were to originate from China over the…
Tagged By banking
China Is Sitting On $3 Trillion In Currency Reserves, But Is That Enough?
With questions mounting about the health of China’s banking system, one figure in the spotlight is the adequacy of China’s foreign currency reserves. Since the government owns nearly all the banks, the Chinese government is…
Philip Lowe on why the RBA is watching China’s debt mountain so carefully
Reserve Bank of Australia governor Philip Lowe has appealed for calm over Australia’s increasingly troubled political relationship with China, while warning that its ballooning debt mountain and opaque financial system pose a threat to prosperity…
Australia’s central bank chief warns over China debt risk
Australia’s central bank chief has warned China’s mounting debt poses a grave economic threat, with broadening trade ties between the two countries exposing more industries to the risk. Total debt has ballooned in China from…
UBS Appoints Joint Heads for Greater China
UBS has had a presence in China since 1989 and its investment bank is considered a market leader. The Swiss bank recently reinforced that position by submitting plans to increase its stake in UBS Securities…
MOVES-UBS merging Greater China investment banking teams, appoints heads-memo
HONG KONG, May 24 (Reuters) – Swiss bank UBS Group has appointed leaders for its Greater China business which is being formed by merging its China-focused investment banking teams, according to an internal memo seen…
China’s central bank aims to improve information disclosure and transparency
The People’s Bank of China (PBOC) on Wednesday pledged to improve its information disclosure as part of steps to make its policy-making process more transparent. The central bank said that it would strengthen its policy…
Investors should ‘absolutely’ own mainland China assets: Bank Julius Baer
“I think people should own China, absolutely,” Mark Matthews, head of Asia research at Bank Julius Baer, told CNBC. The size of the market, inexpensive assets, and better management in the country were among the…
Ant Financial partners with China Everbright Bank and Everbright Technology to facilitate the bank’s digital transformation
Agreement is latest example of Ant offering technological support to help financial institutions deliver inclusive financial services more effectively HANGZHOU, May 24, 2018 /PRNewswire/ — On May 23, Ant Financial Services Group (“Ant Financial”) has…
BRIEF-Ant Financial, China Everbright Bank To Cooperate On The Bank’s Digital Transformation
* ANT FINANCIAL SAYS IT WILL WORK WITH CHINA EVERBRIGHT BANK TO HELP IT DEVELOP AREAS SUCH AS PRIVATE AND HYBRID CLOUD PLATFORMS, INTERNET FINANCE AND AI-DRIVEN APPLICATIONS Further company coverage: (Reporting by Hong Kong…
China – Further Opening In The Financial Sector.
China’s financial regulators have suggested in recent weeks that liberalisations that would permit greater foreign participation in China’s financial markets were pending. Mr. Yi Gang, the chairman of the People’s Bank of China, announced the…
China’s brick-and-mortar state bank looks to Alipay for help to embrace fintech
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, said on Wednesday it had signed a strategic cooperation agreement with China Everbright Bank and its financial technology affiliate Everbright Technology, to help the…
China’s lending bubble is history
China’s shadow banking sector has been a major source of speculative lending to the global economy. But 2018 has seen it entering its end-game, as our first chart shows, collapsing by 64 per cent in…
