Risk of China crisis grows as credit boom faces correction

Can China avoid a financial crisis? That's the question facing regulators and investors after a rapid rise in leverage in the world's second-largest economy. The links between the official banking system and shadowy institutions have also grown deeper and ... ( read original story ...)

China takes lead in green finance

China should build a solid foundation in the domestic financial market to support green finance, a senior official with the United Nations Environment Program told China Daily. Green finance - financing environmentally sustainable growth - is ... ( read original story ...)

Russia eyes unified payment systems with China: PM

MOSCOW (Reuters) - Russia wants a mutually-compatible payments system with China in order to reduce the risk from further financial sanctions by the West, Prime Minister Dmitry Medvedev said in an interview published on Friday. Russia has introduced a new ... ( read original story ...)

AIFC delegation visits China

BEIJING-SHANGHAI. KAZINFORM From 3 to 5 November 2016, a delegation of the Astana International Financial Centre visits the People's Republic of China to meet with the Chinese financial institutions, Kazinform correspondent reports. The delegation met with ... ( read original story ...)

China Foreign Exchange Trade System joins R3

Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to ... ( read original story ...)

China to allow 'reasonable' local government financing needs

"Local governments will continue to issue bonds to replace the existing debt to help reduce interest burdens, ease debt repayment pressure and guard against financial risks," it said. China's overall debt has jumped to more than 250 percent of GDP from 150 ... ( read original story ...)