Auto finance industry is flourishing in China with market size approximating RMB850 billion in 2015 and expected to rise by 17.6% from a year ago to around RMB1 trillion in 2016. Compared with mature markets…
Tagged By banking
Connoisseur of crises sees China easily avoiding one
… a career in Chinese banking that’s spanned four decades－it included time as the head of Industrial & Commercial Bank of China, the world’s biggest lender by assets－Jiang has studied meltdowns through the ages. He’s…
MP’s law firm sued in case involving allegations of Chinese underground banks and missing millions
A Chinese man who has sued Richmond MP Joe Peschisolido in connection with an immigration-investment fraud case claims a group of seven investors were induced by a B.C. immigration entrepreneur to use illegal underground banking…
Trump packs trade team with veterans of steel wars with China
WASHINGTON (Reuters) – President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry’s battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies…
China to help 1MDB settle multi-billion-dollar legal dispute with Abu Dhabi: Financial Times
Malaysia’s state investment fund 1MDB is preparing to make a repayment with Chinese assistance to Abu Dhabi’s state-owned fund as it seeks to settle a US$6.5 billion (S$9.25 billion) dispute over an alleged breach of…
China to push reforms in 2017, financial risks rising: Xinhua
BEIJING China will forge ahead with supply-side reforms next year to deal with overcapacity and structural problems, while also moving to boost demand, the Xinhua news agency reported on Friday. Top leaders are due to…
China banks agree debt restructuring deal with Sinosteel: Bank of China
BEIJING Bank of China (601988.SS) (3988.HK) and five other Chinese banks have signed a debt restructuring deal with troubled steelmaker Sinosteel, in what is among the first significant restructuring deals involving a state-owned enterprise. As…
China central bank chief economist expects property investment to slow in 2017: Xinhua
BEIJING China’s property investment is likely to slow in 2017 and fixed-asset investment growth could come under pressure, Xinhua news agency quoted Ma Jun, chief economist of the central bank, as saying. China’s foreign trade…
China’s Central Bank Could Be Chef—Or Soup
As the proverbial frog on the stovetop knows well, there’s a fine line between a comfortable bath and being served for dinner. In China, higher prices are good news for industrial firms. But consumer prices…
China’s banks are hiding more than $2 trillion in loans
Bank officials aren’t shy about the accounting sleight of hand, which is rampant across China. The bank had about $US39 billion in investment receivables in the third quarter, nearly as big as its loan portfolio,…
Why capital is fleeing China and what it means for Australia
Victoria State Government provides funding as a strategic partner of The Conversation AU. Foreign reserves at the People’s Bank of China (PBoC), China’s central bank, fell for the fifth consecutive month in November, dropping by…
‘Nude selfies for loans’ scandal sheds light on China’s rampant underground banking
Details have been revealed of more than 100 more cases of young women college students in China who were forced to hand over naked selfies to ensure they would pay money back to loan sharks.…
China listed banks to see bad loans edging up: report
The average non-performing loans (NPL) rate of Chinese listed banks is forecasted to rise to about 1.8 percent by 2017, up from the forecasted 1.7 percent by the end 2016, Bank of China said in…
