Looking back at 1978, when the policy of reform and opening-up was established, the People’s Bank of China (PBOC) was the sole financial institution, since there was little demand for financial …
Tagged By banking
Shadow-banking risks in China curbed significantly, regulator says
The assets and risks of China’s “shadow” banking sector have declined significantly through continuous regulation, the state-run Securities Times on Saturday quoted a top regulator as saying. The …
Opinion: As China Reforms Its Financial System, Pragmatism Should Prevail
Looking back at 1978, when the policy of reform and opening-up was established, the People’s Bank of China (PBOC) was the sole financial institution, since there was little demand for financial …
China: how does the UK’s power to push back against the rising superpower really compare to that of the EU?
The EU has been at the forefront of political efforts to work with and check the threats represented by China to the west since 1975. In 2019, the EU labelled China “a systemic rival” after…
Code Red: The Human Cost of China’s Rural Banking Crisis
How a major banking scandal pushed thousands of Chinese depositors to desperation — and sparked a tense standoff with local authorities.
China is stockpiling cash instead of pumping it back into their economy – and that’s pushing a decades-high dollar even further
Chinese investors are parking excess liquidity in safe bets within the financial system, including the US dollar, instead of letting it flow to the real economy, according to Bloomberg. The country’s …
China’s debt cataclysm reaches American shores
In China, real estate firms on the brink of bankruptcy are seeing their debt problems spill over to their United States developments.
China launches discipline probe into 3 more Henan officials as fallout from banking scam continues
Officials from local branches of the China Banking and Insurance Regulatory Commission and central bank under investigation Henan and Anhui will start a third round of repayments on Monday to …
China targets $148 bln in financing for cash-strapped developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as Beijing tries to revive the debt-stricken …
China’s Xi Jinping warns Biden not to ‘play with fire’ over Taiwan
Chinese President Xi Jinping warned U.S. President Joe Biden against interfering in Taiwan in a call that took place amid soaring tensions over a possible trip to the self-governing island by House …
China Quietly Abandons 2022 Growth Target
Shares in mainland China and Hong Kong sink as the Beijing leadership walks away from growth of ‘around 5.5%’ for this year.
Gloom Returns to China Stocks With Worst Monthly Loss in a Year
Chinese stocks plunged Friday to cap a brutal month which marked the return of almost all the worries that have spooked investors for much of the past one year.Most Read from BloombergRockstar Games …
China extends tax exemption for electric cars, state media says
BEIJING (Reuters) – China will extend an exemption of purchase taxes on “new energy” vehicles as part of the measures to boost domestic consumption, state media said on Friday, following a cabinet …
