China’s central bank, the People’s Bank of China, recently released data saying aggregate bank savings increased by 26.3 trillion yuan ($3.92 trillion) in 2022, including 17.8 trillion yuan of …
Tagged By banking
How A U.S. Trade Loophole Called ‘De Minimis’ Is China’s ‘Free Trade Deal’
No one will consider you a dummy if you’ve never heard of the ‘de minimis’ trade provision at Customs and Border Protection (CBP). But China retailers SHEIN and Temu surely have. They wouldn’t exist …
China proposes overhaul of commercial banks’ risk-exposure rules as it looks to strengthen financial system
The differentiated risk weightings for assessing banks’ capital adequacy ratios can more accurately reflect overall risk levels and capacity for operating sustainably The proposed rules, which are now …
China to build differentiated capital regulatory system for banks
A pedestrian walks past the headquarters of the China Banking and Insurance Regulatory Commission in Beijing. [PHOTO/CHINA DAILY] China will build a differentiated capital regulatory system for …
Moneycontrol Pro Weekender | The view from Beijing
We are mostly accustomed to sources other than China to know about China’s views on current geopolitics and geo-economics. Now, here’s the view from Beijing …
Star Banker Vanishes in China, Stoking Fears of Renewed Beijing Crackdown
But the disappearance of a prominent banker has dredged up concerns about the heavy hand of Beijing and whether there will be more crackdowns in finance, technology and real estate. In 2015, one of …
China’s finance minister and central bank governor will attend debt roundtable in India, IMF says
“China has to change its policies because low income countries cannot pay,” said IMF Managing Director Kristalina Georgieva.
This Week in China: Missing Banker Mystery Adds to Wave of Risks
Traders are struggling to decide whether China’s markets have topped out, with those who invested early in the reopening trade reducing risks, while others who missed the boat wait for a March …
Top Tech Financier Goes Missing in China, Spooking Sector
Is China about to get tough on Big Tech again? The disappearance of investment banker Bao Fan raises that prospect.
Bao Fan: One of China’s most high-profile billionaire bankers reported missing
Mr Bao’s disappearance comes months after the former president of his company was taken away by Chinese authorities.
Chinese billionaire Bao Fan vanishes, with suspicion falling on Beijing
Bao Fan, the billionaire chairman and chief executive officer of investment bank China Renaissance, hasn’t been heard from in two days. The 53-year-old had a prominent role in the financial and …
China’s top banking regulator fines 5 banks over irregularities
Five financial institutions were fined a total of 387.9 million yuan (about $56.5 million) for irregularities in their businesses, China’s top banking regulator said on Friday. Bank of China, China …
China Removes PICC, Bank of China Chairmen From Party Roles
China has removed the Communist Party chiefs from two of its biggest state-owned financial firms, sparking concerns of a renewed clampdown on the sector.
