The shadow banking system is estimated at some $4 trillion. Government targeting the banking system and very well be the reason the banking system falters. Measures the government has taken are already pushing interest rates…
Tagged By banking
China’s Crackdown on Financing Takes Toll
China could be setting the stage for another boom-and-bust economic cycle as a result of the government’s campaign to curb financial risks. Regulators have been sending chilling messages on credit policies to the banking and…
Monetary policy adjustments is a trial and error process: China central bank advisor
HONG KONG China’s central bank will continue to implement reasonable adjustments to monetary policy while keeping it neutral with a tightening bias, People’s Bank of China (PBOC) advisor Sheng Songcheng said. The central bank will…
Big banks’ profitability on the mend
Industrial and Commercial Bank of China Ltd, the world’s largest lender by assets, reported net profit of 75.8 billion yuan ($11 billion) in the first quarter, up by 1.5 percent year-on-year, according to the bank’s…
China stocks mixed, concerns over policy tightening linger; Hong Kong up
An advisor with the People’s Bank of China (PBOC) said the central bank will continue to implement reasonable adjustments to monetary policy. “If it went tight, it would be loosened a bit. The central bank…
BANK OF CHINA : COMES TO PAKISTAN
State Bank of Pakistan (SBP) has issued a banking license to the Bank of China. The Bank will commence its business in branch mode after meeting other regulatory requirements, which is yet another stride towards…
China Merchants Bank : Vanke to Set up Investment Funds With Merchants Bank
China Vanke Co. (2202.HK) has agreed to set up two investments funds with units of China Merchants Bank Co. (>> China Merchants Bank Co., Ltd) for consolidating the commercial properties of the Chinese real-estate developer.…
China faces financial crisis within a decade Gavekal Dragonomics
A global investment house has warned that China faces a financial crisis within the next decade as government and private debt rise to unsustainable levels. Anatole Kaletsky is chief economist and co-chairman at Hong Kong-based…
China’s financial reform fraught with risks
China’s concerted effort to slash financial leverage and clean up its messy yuan 76 trillion ($14.8 trillion) shadow banking sector is fraught with political and economic risks. There is a real danger that the aggressive…
China Bank woos RCBC for merger talks
Multiple industry sources said China Bank has initiated merger talks with the Yuchengco-owned RCBC – the bank used as a conduit for the $81-million fund hacked from Bangladesh Bank to Philippine casinos last year –…
China’s Financial Sector Clamps Down On Wealth Management Products
The growing risks in China’s financial sector have long been a hot topic on Wall Street, but until recently, the country’s policymakers have been willing to overlook these risks as growth has blossomed. Now, however,…
China's going to have to tighten its belt if it wants OBOR to be a success. Read why
China’s just-completed conference touting its Belt and Road initiative certainly looked like a triumph, with Russian President Vladimir Putin playing the piano and Chinese leaders announcing a string of potential deals and massive financial pledges.…
'Dr Doom' highlights global financial risks
Veteran expert says China can learn from the mistakes of Western economies as it plays an increasingly influential role Chinese financial institutions should become increasingly aware of global financial market risks and learn from the…
