Apple has removed the New York Times app from its digital store in China, acting on what it says were orders from the Chinese government. The news underlines how American information technology companies are being…
Tagged By banking
China's choices narrowing as it burns through FX reserves to support yuan
China stepped into both its onshore and offshore yuan markets … As recently as last week, authorities introduced requirements for financial institutions to report all single domestic and overseas cash transactions of more than 50,000…
China state arms maker pledges 'mixed ownership' reforms
SHANGHAI (Reuters) – The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a “mixed ownership” model as part of China’s ambitious reform programme for state-owned enterprises (SOEs), the company…
Power Corporation acquires an additional 3.9% interest in China Asset Management Co., Ltd.
China AMC is an affiliate of CITIC Group Corporation Ltd., China’s largest conglomerate, with which Power Corporation has had an association since 1986. Mackenzie Financial Corporation (Mackenzie Investments), an indirect subsidiary of Power Corporation ……
Shadow banking and Chinese bonds are dangerous mix
BEIJING (Reuters Breakingviews … trust companies and asset managers. Such non-bank financial institutions held $3.7 trillion in loans as of November, according to central bank data. The non-bank financial sector is overseen by a host…
China's banking regulator to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator on Thursday issued guidelines aimed at strengthening governance at the country’s emerging private banks, the latest move by regulators to beef up risk management among financial services firms. The…
'China's Growing Influence On Asian Financial Markets'
Today we are pleased to present a guest contribution written by Serkan Arslanalp, senior economist at the IMF. This post is based on the paper by the same title, co-authored with Wei Liao, Shi Piao,…
China’s Credit Engine Is Running Out of Gas
The People’s Bank of China faces a reckoning after revving its credit engine for years. Three conditions suggest traditional financing and shadow banking are due to cool: Restrictions on property markets are poised to start…
China steps in to support yuan again as Trump inauguration nears
HONG KONG (Reuters) – China stepped into both its onshore and offshore yuan markets to shore up the faltering yuan for a second day on Wednesday, sparking speculation that it wants a firm grip on…
China’s Pakistan bourse stake to boost ties
The three exchanges – China Financial Futures Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange – will take a combined 30 percent, while the remaining 10 percent will be halved between their local partners –…
China December factory activity rises to near 4-year high – Caixin PMI
BEIJING (Reuters) – China’s factory activity picked up more than expected in December as demand accelerated, with output reaching a near six-year high, a private business survey showed on Tuesday, giving the manufacturing sector a…
China central bank injects $124.9 billion in Dec, up 13 percent from Nov
BEIJING (Reuters) – China’s central bank injected a total of 868.75 billion yuan ($124.90 billion) via short- and medium-term liquidity tools in December, its data showed on Tuesday, as it continues to support credit expansion…
China should set more flexible GDP growth target in 2017: central bank adviser
BEIJING China should set a more flexible economic growth target this year to create more room for reforms, a central bank adviser told the official Xinhua news agency, suggesting a range of 6.0 to 7.0…
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