Moreover, we view the recent appointment of Guo Shuqing as head of the China Banking Regulatory Commission (CBRC) as a clear sign that authorities are intent on accelerating NPL resolutions and unwinding excess leverage in…
Tagged By banking
China's banking regulator eases bad loan rules to help lenders: sources
SHANGHAI China’s banking regulator on Wednesday relaxed the rules for the transfer of non-performing loans, allowing lenders to sell soured debt in bundles of three from the previous 10, three sources with direct knowledge told…
China forex chief says no intention of competitive currency devaluation
BEIJING China has no intention and no need to carry out competitive currency devaluations, the head of the country’s foreign exchange regulator said. In a weekend piece in the Chinese magazine Modern Bankers, Pan Gongsheng…
Kushner family in Beijing: 'Invest $500,000 and immigrate' to US
BEIJING (CNNMoney) – The Kushner family hopes to lure investments from wealthy business owners in China with the promise of American visas. Nicole Kushner Meyer, the sister of White House adviser and President Trump’s son-in-law…
World Bank warns of China debt risk from backdoor local borrowing
The World Bank has warned that Chinese local governments remain addicted to off-budget borrowing, despite Beijing’s efforts to impose fiscal discipline on localities and curb ballooning debt. Runaway growth of local government debt is widely…
Japan, China to boost financial ties amid protectionist, North Korean tensions
YOKOHAMA, Japan Japan and China agreed to bolster economic and financial cooperation, Japanese Finance Minister Taro Aso said on Saturday, as U.S. President Donald Trump’s protectionist stance and tension over North Korea weigh on Asia’s…
Beijing, Tokyo, Seoul vow to combat financial instability
TOKYO: East Asia’s three biggest economies vowed Friday to work together to help prevent market instability as tensions run high over Pyongyang’s weapons program. North Korea’s efforts to develop an arsenal of nuclear-armed missiles have…
Japan, China to hold finance talks amid concerns on protectionism, North Korea
YOKOHAMA, Japan Japan and China will hold their first bilateral financial dialogue in two years on Saturday to discuss risks to Asia’s economic outlook, such as the protectionist policies advocated by U.S. President Donald Trump…
China’s push to rein in financial risk rattles markets
A wave of regulations aimed at cutting risk in China’s financial system is rippling through the country’s markets and sending banks and companies scrambling for funds. During the past month, Chinese shares have fallen nearly…
Japan, ASEAN countries mull ways to counter financial crises
YOKOHAMA, Japan – Top financial leaders of the Association of Southeast Asian Nations met with their counterparts from Japan, China and South Korea on Friday to discuss ways to improve cooperation to cope with financial…
It’s serious: China central bank squeezes credit again in money market
The tapering of monetary easing by the People’s Bank of China, along with Beijing’s crackdown on financial irregularities, are sending jitters through the country’s financial and commodity markets, fanning fears that China’s monetary authority is…
China finance minister skips summit with Japan, Korea to attend emergency meeting
YOKOHAMA, Japan Chinese Finance Minister Xiao Jie skipped a trilateral conference with his Japanese and South Korean counterparts on Friday to attend an emergency domestic meeting, a senior Japanese finance ministry official said. The Japanese…
Japan, China, S.Korea pledge to resist protectionism
YOKOHAMA, Japan Finance leaders of Japan, China and South Korea agreed to resist all forms of protectionism in a trilateral meeting on Friday, taking a stronger stand than G20 major economies against the protectionist policies…
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