Speaking this week at a financial forum in Shanghai, Mr Zhou called for a greater role for foreign competition in China’s financial sector and warned that “protectionism leads to laziness” – a message consistent with…
Tagged By banking
Big China companies targeted over ‘systemic risk’
In an email seen by the Financial Times, a risk management executive at Industrial and Commercial Bank of China instructed colleagues to gather information on credit exposures to the four companies. The companies are affiliated…
China confronts its Lehman moment
China’s leaders are often praised for their steady management of the economy. But it is increasingly clear that they are haunted by the specter of a Lehman-style financial collapse. The focus of the reviews, according…
Financial assets made in China
FROM shoes to shirts and phones to fridges, made-in-China goods have blanketed the globe over the past three decades, entering every country and just about every home. But one kind of Chinese good few abroad…
China bans video and audio streaming on Sina Weibo and two other websites
The Financial Times points out that Sina Weibo invested in a video streaming site last November and counts on live stream advertisements to make money. Still, it faces government scrutiny, just like other platforms operating…
Two decades after handover, scant love for China among Hong Kong youth
HONG KONG Hong Kong student activist Chau Ho-oi, born in the year the Asian financial hub returned to Chinese rule 20 years ago, recalls the sense of pride she once felt toward mainland China. Sitting…
China’s top banking regulator tells banks to push forward with reform
BEIJING China’s top banking regulator has told banks to reform by tackling China’s “zombie firms”, control regional housing market bubbles and push forward with debt to equity swaps, according to a statement posted on the…
China’s Dealmaking Tycoons Scrutinized by Banking Regulator
News spooks China markets less than 36 hours after MSCI nod Chinese regulators stepped up scrutiny of the country’s most prolific overseas acquirers, asking banks to report their exposures to the companies after last year’s…
Chinese banking watchdog probes ‘systemic risks’ of debt-fuelled empire builders
Fears of a clampdown on China’s swashbuckling corporate empire builders are mounting after authorities in Beijing began gathering financial intelligence on big-spending conglomerates. Banking regulators ordered lenders to report on companies that have … (…
China’s private wealth surges to 165 trillion yuan
according to new research from China Merchants Bank and Bain and Co. The report forecasts the market will grow 14 per cent this year to 188 trillion yuan. Not surprisingly, with such a prize on…
China Finance Online Co. Limite (JRJC) Hits a 52-Week High
In the market the company is trading down since yesterday’s close of $1.71. Shares are trading at $1.70 which is just a bit below $2.09, the 50 day moving average and just a bit lower…
China’s opening up helped it dodge financial crisis – banking chief
China’s increasingly market-oriented and healthy financial institutions will help it ward off financial crisis, the governor of the country’s central bank said on Tuesday, as he addressed the opening of the annual Lujiazui Forum in…
Opening benefits financial sector
Zhou Xiaochuan, governor of the People’s Bank of China, China’s central bank, said further opening up helps to build a strong and competitive financial sector in China. Zhou said this in a speech on Tuesday…
