Former vice-president of China Development Bank Li Jiping has been placed under disciplinary and supervisory investigation, an official statement said on Wednesday. Li is being investigated by the …
Tagged By banking
Korea to Review Risky Financial Products After China-Tied Losses
South Korea plans to review the sale of potentially high-risk investments after a probe found that banks missold China-linked structured products to retail investors who are facing more than $4 …
U.S. Announces $4 Billion Strategy to Counter China’s Influence
The move comes in response to China’s extensive Belt and Road Initiative, which has significantly overshadowed U.S. efforts in funding infrastructure development in developing countries. Chinese …
Michael McGrath begins China trip ahead of St Patrick’s Day
The visit follows the Chinese premier’s visit to Ireland last month, which resulted in the country lifting its Irish beef suspension …
Confidence, certainty and potential behind China’s 2024 growth target
The average reserve requirement ratio (RRR) of China’s entire banking sector is 7 percent and there is still room for further RRR cuts, Pan said. Tian Xuan, vice dean with Tsinghua University’s PBC …
Decoding global finance: US and China
The world of finance is dynamic and ever-changing, offering a myriad of investment opportunities. Two of the most significant players in this arena are the United States and China. Each of these …
China Vanke’s shares, bonds jump after reassurance on operations, refinancing
Shares and bonds of Vanke jumped on Tuesday after China’s No.2 property developer said the impact of a Moody’s ratings downgrade on its financing activities was “controllable”, though some analysts …
China Asks Some Banks to Limit Backing LGFVs’ Offshore Bonds
Chinese regulators told some of the country’s lenders to limit their use of a repayment-support mechanism that has backed offshore bond issuance by local government financing vehicles, according to …
China’s ‘Two Sessions’ Doesn’t Show Clear Path to Recovery
Anticipation heading into China’s first major policy meeting had been high with expectations for a stronger stimulus to jump-start recovery in China’s slowing economy.
China’s rural land is vast, vacant – and not for sale. Would putting it on the market spell windfall or woe?
As China faces numerous questions over its economic viability in the long term, some are advocating for a removal of barriers to rural land trading to jolt growth back to previous heights.
Annual stockholders’ meeting of China Banking Corporation slated in April
China Banking Corporation (Chinabank) will conduct its annual stockholders’ meeting in a hybrid format, a combination of in-person and remote attendance, on April 18, 2024, Thursday at 4 p.m.
China capable of ensuring financial security
China has the confidence, conditions and capabilities to maintain financial security, Li Yunze, head of the National Financial Regulatory Administration, said Monday.
China’s New Directive: Insolvent Property Giants to Face Bankruptcy Amid Sector Shake-Up
Amid economic tremors within China’s real estate sector, once a pivotal engine of national growth, authorities have drawn a firm line in the sand: insolvent property developers must face bankruptcy if …
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