Beijing: The former chairman of the state-owned Bank of Beijing … Xi in January vowed to intensify the crackdown against misconduct in the finance, energy and infrastructure sectors, a move …
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China’s financial clout will be hard to reverse
Now a second China shock is quietly detonating in international finance. Two decades of current account surpluses enabled the country to accumulate the largest trove of foreign savings the world has …
China to reveal 2024 GDP growth target at National People’s Congress, likely to avoid bold reforms
China’s Premier Li Qiang will deliver the government work report for the first time at the National People’s Congress on Tuesday. The 2024 target will be the single most important policy signal from …
What to expect at China’s ‘Two Sessions’ amid sagging economy, party drama
Legislature and political advisory body to convene to pass laws, make political appointments, and set goals for 2024.
China to Unveil GDP Target, Avoid ‘Bazooka’ Stimulus at Meeting
China may need stronger stimulus to achieve its growth target this year. The Ministry of Finance’s budget report, which will also be released on Tuesday, will show just how far Beijing is willing to …
China’s ‘two sessions’ 2024: after high-level purges, will party leadership tidy up loose ends?
In the fifth part of the series, William Zheng explores the questions hanging over this year’s event after the dramatic high-level purges of the past year. When thousands of members of China’s …
Xi’s crackdown on China’s financial sector fuels industry brain drain
“The slogans and crackdowns are about control,” Natixis SA chief Asia-Pacific economist Alicia Garcia Herrero said. “Chinese leaders think control is needed to avoid financial instability and make …
Former Bank of Beijing Chairman Under Corruption Probe in China Crackdown
Another retired financial executive, Tang Shuangning, who served as chairman of China Everbright Group, was arrested two months ago on suspicion of embezzlement and bribery. Others who have been …
China’s quest for fiscal expansion
Despite disinformation which now rivals the darkest days of the Cold War, the Chinese economy is moving toward a soft rebound and a set of large-scale fiscal and tax reforms to foster growth in the…
Xi Jinping and China face another tough year
Every year on December 31st a glimpse of an impenetrable world is revealed. On Chinese state television, Xi Jinping delivers his New Year address to the nation (pictured). Chinas …
Hong Kong officials aim to lure medium-sized firms in mainland China by touting city’s professional services: finance chief
Chan says rising geopolitical tensions have resulted in pressures for companies behind ‘made-in-China’ products when exporting to European and US markets ‘We will provide them with one-stop services, …
China: The “Broker Butcher” Returns
The “Broker Butcher” is back at work in China. Will he clean up financial markets, or simply watch them sink? Wu Qing earned his colorful nickname as head of the China Securities Regulatory Commission …
As China looks to stabilize its economy, senior finance officials get the boot
China is purging the senior ranks of its financial sector as the central government attempts to stabilize a shaky economy.
