China’s top banking regulator said Monday it will place more priority on proactively preventing and defusing financial risks. The China Banking Regulatory Commission (CBRC) said in a statement it will focus on guarding against risks…
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China’s new financial watchdog has work cut out for it
Nine years after the fall of the US-based Lehman Brothers bank in 2008, which triggered a global financial crisis, China has a shield against its own Lehman moment: a financial stability committee. While details of…
China bank watchdog to tighten risk control amid regulatory shake-up
SHANGHAI (Reuters) – China’s banking regulator will tighten control over risks in the financial markets, work more closely with the central bank and other regulators, and “resolutely follow” the leadership of a newly-formed financial stability…
Five Takeaways From China’s Weekend Meeting on Financial Regulation
For investors, possibly the most important thing that happened in China during the weekend was a closed-door conference on regulation that could set the scene for the financial sector’s next five years. Many details remain…
China central bank told by Xi to play bigger role in managing financial risk
BEIJING/SHANGHAI (Reuters) – China’s central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that…
China to Set Up Cabinet-Level Committee for Financial Oversight
(Beijing) — China will set up a financial stability committee under the State Council, the cabinet, to strengthen supervision and coordinate regulation of the financial sector, President Xi Jinping said at a high-level policy meeting…
China to Set Up Cabinet-Level Committee to Coordinate Financial Regulation
BEIJING—President Xi Jinping announced the setup of a cabinet-level committee to coordinate China’s financial regulation at a high-level meeting that ended Saturday, as Beijing focuses on keeping risks at bay ahead of a twice-a-decade leadership…
Chinese Finance Meeting’s Meager Results Reflect Nation’s Dilemmas
SHANGHAI — China’s top leaders have gathered every five years since 1997 for a National Financial Work Conference. At past gatherings, they have created entire regulatory agencies and rearranged the rules for huge markets, almost…
Chinese Finance Meeting’s Meager Results Reflect Nation’s Problems
SHANGHAI — China’s top leaders have gathered every five years since 1997 for a National Financial Work Conference. At past gatherings, they have created entire regulatory agencies and rearranged the rules for huge markets, almost…
China central bank to play bigger role managing financial risk: state TV
SHANGHAI (Reuters) – China’s central bank will take on a beefed up role managing systemic risk in the country’s financial markets, state broadcaster China Central Television said on Saturday, citing President Xi Jinping. Speaking at…
China-Led Infrastructure Bank Secures AAA Rating from Fitch
China’s rival to the World Bank, the Asian Infrastructure Investment Bank, is making headway in its quest to become an alternative provider of development finance. The Beijing-based bank on Thursday secured an AAA rating by…
Bank of China becomes banking partner of Beijing 2022 Winter Olympic Games
The organizers officially announced on Thursday that Bank of China becomes the official banking partner of the Beijing 2022 Olympic and Paralympic Winter Games. The sponsorships programs of Beijing 2022 are divided into four categories,…
China Finance Online Co. Limite (JRJC) Trades at 52-Week High
The company is trading down by -6.00 percent from yesterday’s close. Short traders are feeling a little more bearish on shares of the company if you take into consideration the rise in short interest. The…
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