Last month’s Central Financial Work Conference underscored areas where China’s central government should intervene to strengthen and stabilize the economy, from restoring local-government balance …
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China Frames ‘One Province, One Policy’ Plan for Financial Risk
China’s regulator wants provinces to come up with their own plans to handle financial risks, according to a report, about a month after officials pledged to set up a mechanism to resolve local debt …
China finance regulator to speed reform of small, mid-sized financial institutions
China finance regulator to speed reform of small, mid-sized financial institutions. The administration will seize current favourable opportunities and increase efforts to promote risk disposal, …
China’s central bank to support real economy, guard against financial risks further
BEIJING – The central bank will ramp up support for the real economy, guard against systemic financial risks and deepen financial opening-up, according to People’s Bank of China (PBOC) Governor Pan …
Beware of ‘fake financial innovation’, China’s new overseer warns industry
The Communist Party’s Central Financial Commission says finance must be leashed to the real economy or risk big losses.
Two Key Executives Associated With China’s Shadow Bank Zhongzhi Reported Missing
Beijing-based Zhongzhi controls nearly a dozen asset and wealth management firms. It is considered part of China’s $3 trillion “shadow banking” industry, a sector that forms an important source of …
Financial watchdog fines China CITIC Bank over $31m
The National Financial Regulatory Administration has fined China CITIC Bank, a joint-stock commercial lender, more than 224.75 million yuan ($31.46 million), according to the financial watchdog on Friday.
UPDATE 1-Taiwan reports more Chinese military activity as election nears
Taiwan again reported Chinese warplanes and warships around the island on Thursday, including aircraft crossing the sensitive median line of the Taiwan Strait, as Beijing keeps up its military activities ahead of Taiwan’s January election.
China ‘too overwhelmed’ by major internal chaos to invade Taiwan, claims Taipei
While Xi reaffirmed China’s position that Taiwan is part of China during a recent summit with President Biden, he reportedly said that there are no immediate plans for invasion.
China’s economic data again under the microscope, local authorities warned over falsifying statistics
Amid rising debt, property slump, data may be China’s next financial hurdle In a rare move in October, the Standing Committee of the National People’s Congress warned some asset quality data at small …
China finance ministry surveys banks about sovereign bond issuance plan for 2024 – sources
In a surprise move, China in late October approved 1 trillion yuan ($140.11 billion) of sovereign bond issuance for this year — its first such fiscal deficit expansion within the year in 23 years –…
The Big Risk Causing Investors to Shun China
HONG KONG—Investing in China has never been this perilous. When global investors flocked to the country during its economic boom in the past decade, geopolitical risks were at the back of their minds.
One of China’s biggest banks has banned analysts from writing bearish research and showing off their wealth
China International Capital Corp. also told employees to avoid wearing luxury brands or disclosing their pay to people outside the bank.