He is among the most senior financial executives targeted in a broader financial crackdown by President Xi Jinping. In January, Wang Bin, former party chief and chairman of China Life Insurance, was …
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China Expands Finance Industry Probe to Include Former Bank of China Chairman
Officials from the finance watchdog China Banking and Insurance Regulatory Commission and the anti-corruption body Central Commission for Discipline Inspection called in top executives from at least …
The must-have accessory for global finance chief execs? A first class flight to Beijing
A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President …
Chinese lenders focus on risk management amid global banking crisis
China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to a global banking sector crisis …
US banking woes compound China’s need for US Treasury alternatives
With so much risk flooding the global financial sector, it makes sense for China to look for alternatives to investing in US Treasuries However, questions remain over how to diversify that risk and …
Troubled investment bank China Renaissance suspends share trading
Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results.”At the request …
Macron China visit, new Bank of Japan governor, ADB economic outlook
French President Emmanuel Macron and European Commission President Ursula von der Leyen will visit China, starting Wednesday. They will try to engage Beijing in efforts to end the war in Ukraine when …
Irresponsible & unreasonable: China slams US over its debt trap accusation
China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial …
Financial representatives from US and China exchange views
The two sides exchanged views on cooperation between China and the US in the financial industry, the statement said.
China rolls over $2 billion loan to Pakistan – finance minister
A top finance ministry official told Reuters on Wednesday that … is assurance of external financing to fund Pakistan’s balance of payments. Longtime ally Beijing is the only help Islamabad has got …
Former Bank of China chairman investigated by graft agency
BEIJING (AP) — A former chairman of Bank of China Ltd., one of the country’s four major state-owned lenders, is under investigation by the ruling Communist Party’s anti-corruption agency, state TV …
Asia infrastructure bank says it won’t get distracted by geopolitics
The Asian Infrastructure Investment Bank (AIIB) will stick to its mandate as an apolitical multilateral lender and won’t get dragged into political disputes, even as multilateralism is severely tested …
Global Banking Woes Put Spotlight on China Regional Lenders
A global banking crisis has put China’s struggling regional lenders under new scrutiny following a sharp slowdown in the economy. But recent moves from Beijing should give investors some comfort.