SHANGHAI China’s banking regulator has told lenders to conduct checks on improper trading, incentives, innovation and charges, according to a document seen by Reuters. The move is the latest in a flurry of orders from…
Tagged By banking
China's c. bank quietly increases its power in battle to curb risks
BEIJING (Reuters) – China’s central bank has been quietly boosting its policy independence and regulatory reach as it seeks to contain risks to the financial system, policy insiders said, to help ensure stability ahead of…
China's Ant Financial extends mobile payments empire to Indonesia
BEIJING (Reuters) – Ant Financial, the finance affiliate of Alibaba Group Holding , and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia.…
China's central bank quietly increases its power in battle to curb risks
BEIJING (Reuters) – China’s central bank has been quietly boosting its policy independence and regulatory reach as it seeks to contain risks to the financial system, policy insiders said, to help ensure stability ahead of…
China regulator tackles banking loopholes head on
China’s banking regulator is to tackle rampant regulatory arbitrage by the nation’s banks, via various layers of investment products, according to an internal document, that could cut fund flow into the bond and equity market.…
China is playing a US$9 trillion game of chicken with investors
Yang’s steadfast faith in bailouts illustrates the dilemma for authorities as they try to reduce moral hazard and improve the pricing of risk in China’s financial system: It may require a major WMP blowup to…
Emerging nations urge rich countries to honour climate finance pledges – statement
BEIJING China, Brazil, India and South Africa have urged industrialised countries to honour financial commitments made in Paris in 2015 to help developing countries fight against global climate change, they said in a statement on…
New China-backed leader of Hong Kong says no room for independence
Leaders in Beijing have been increasingly concerned about a fledgling independence movement in the financial hub that returned to mainland rule in 1997 with a promise of autonomy. Hong Kong has seen tumultuous times over…
Emerging nations urge rich countries to honor climate finance pledges: statement
BEIJING China, Brazil, India and South Africa have urged industrialized nations to honor the financial commitments made in Paris in 2015 to help developing countries fight against global climate change, they said in a joint…
China tells lenders to come clean on bad loan levels: sources
SHANGHAI China’s banking regulator has told lenders to conduct “self-inspections” in areas such as using loopholes to circumvent rules, in order to boost supervision of the vast shadow banking sector, according to documents seen by…
China solar, wind to attract $780 billion investment by 2030 – research report
SHANGHAI (Reuters) – China’s wind and solar sectors could attract as much as 5.4 trillion yuan ($782 billion) in investment between 2016 and 2030 as the country tries to meet its renewable energy targets, according…
China's financial industry under greater scrutiny amid latent risks
BEIJING – China’s rapidly expanding financial industry is being placed under greater regulatory scrutiny as authorities step up efforts to curb widespread malfeasance in the sector. In remarks published Sunday, Chinese Premier Li Keqiang pointed…
China's banking sector to enhance financial risk control
China will enhance risk control throughout the banking sector to eliminate financial risks in major fields, the country’s top banking regulator announced Monday. Targeted measures will be taken to address financial risks in the banking…
