By Tom Westbrook and Laura Matthews SINGAPORE/NEW YORK, July 7 (Reuters) – Investor thinking on Chinese assets is changing, as steady returns through the turbulence of the Iran war and AI frenzy show …
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Banking & Finance
The latest banking, finance and business news from Hong Kong and abroad.
Why China took over Zhongbang Bank – and what it says about hidden financial stress
Regulators intervened over concerns of aggressive expansion and credit risks, underscoring vulnerabilities in some smaller regional lenders.
China steps up financial risk cleanup under new top regulator
This underscores authorities’ increasing efforts to contain financial risks and strengthen market discipline Read more at The Business Times.
China building more diversified, innovative financial system
Pan Gongsheng, governor of China’s central bank, provided a comprehensive overview of the evolving characteristics of the country’s financial structure and changes in financing data in his keynote …
China drops to 5th place in global financial competitiveness ranking
China’s governmental think tank has unexpectedly downgraded its global financial competitiveness ranking, despite ambitions to become a leading financial superpower.
Why has China lowered its own ranking in global financial competitiveness?
A Beijing think tank dropped China’s world ranking to fifth place, behind the US, Japan, UK and Germany following stock market volatility A Beijing-based governmental think tank has taken the rare …
China imposes ‘national security’ rules on overseas investments
China is intensifying its scrutiny of investments overseas with broad “national security” regulations taking effect from Wednesday, at a time of rising tech competition with Washington. Outbound …
China seizes control of Zhongbang Bank as credit risks mount in private lending sector
China’s NFRA seized control of Wuhan Zhongbang Bank over severe credit risks, continuing Beijing’s pattern of intervening in troubled private lenders.
The redback’s rise: How China is weaponizing finance and internationalizing the yuan
NexFuture (03/7/2026): The global financial architecture is undergoing a quiet but profound tectonic shift. For decades, the US dollar has reigned supreme, acting as the undisputed lifeblood of …
China takes over private lender Zhongbang Bank, citing credit risks
China’s financial regulator will take over privately owned online lender Wuhan Zhongbang Bank for one year from July 3, the watchdog said on Friday, marking another step by authorities to prevent …
China unveils high-level financial opening-up policies at Lujiazui forum as renminbi assets gain rising appeal for global capital
China unveiled an extensive array of financial opening-up policies at the 2026 Lujiazui Forum in Shanghai on Wednesday, encompassing a comprehensive offshore finance action plan, offshore renminbi …
Make Hong Kong China’s ‘space finance capital’, legal group urges Beijing
Hong Kong-based Asian Academy of International Law also urges city to enact space asset legislation An independent legal group has proposed that Beijing designate Hong Kong as the country’s “space …
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