SHANGHAI China’s central bank said it will skip open market operations for the fifth day in a row on Thursday, as liquidity levels in the banking system were “relatively high”. “Fiscal expenditure was increasing towards…
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China can control financial risks as debt rises: Li
BEIJING: China’s premier on Tuesday tried to quell fears surging debt might threaten growth, saying financial risks are “generally under control” and Beijing can achieve this year’s development targets. Speaking at a meeting of the…
Tourist trap: China’s surpluses may be bigger than thought
“Financial outflows concealed as travel imports are large and significant, growing to around 1 percent of China’s GDP in 2015 and 2016, and account for a quarter of recorded net private financial outflows,” she wrote.…
China frees 3 activists who probed Ivanka Trump supplier
GANZHOU, China — Chinese authorities have released on bail three activists who had been detained after investigating labour conditions at a factory that produced shoes for Ivanka Trump and other brands. The three activists walked…
China’s huge debt bubble risk to Britain’s stability, warns Bank of England
in its biannual financial stability report. “Vulnerabilities in China remain pronounced” according to the report and the Bank listed the country as one of a number of risks to Britain’s economy. China’s debt has now…
China confronting its financial risks, premier says
DALIAN, China — Beijing possesses the tools to avert damage that could result from the financial risks facing the world’s second-largest economy, Chinese Premier Li Keqiang said Tuesday at the World Economic Forum here. Li,…
China’s shadow finance time-bomb could trigger crisis
In the past decade, shadow banking has taught China great lessons about capitalism. That is, except for the most important one: failure. Since the 2007 financial crisis, China has poured more than $600bn into the…
China regulator issues rules to shore up investor protection
SHANGHAI, June 28 China’s securities regulator has stepped up efforts to protect investors’ interests, publishing a set of know your customer rules on Wednesday that restrict financial institutions from selling risky products to inexperienced investors.…
China’s debt surpasses 300 percent of GDP, IIF says, raising doubts over Yellen’s crisis remarks
In its Financial Stability Report released Tuesday, the central bank noted that Brexit, high levels of indebtedness in China and an increase in consumer credit in the U.K. as potential risks. According to the IIF,…
China’s traditional banks lose branding ground to internet rivals
In the early 1980s, people in China had a one-stop shop for all their banking needs: the People’s Bank of China. It was, in fact, the only bank in China at the time, as well…
China central bank to skip open market operations today: statement
SHANGHAI China’s central bank said it will skip open market operations for the third consecutive day on Tuesday as liquidity levels in the banking system were “relatively high”. “Fiscal expenditure were increasing towards the month-end…
Banking regulator vows to curb property bubbles
The China Banking Regulatory Commission on Friday reiterated its determination to contain property bubbles in “some” regions, Securities Daily reported. Guo Shuqing, chairman of the banking regulator, urged banks to carry on differentiated mortgage loan…
Contenders vie to take up mantle of Chinese central bank reforms
Every public appearance by Zhou Xiaochuan could potentially be his last as China’s central bank governor. After a remarkable 15 years at the helm of the People’s Bank of China — the longest of any…
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