BEIJING China’s banking regulator has asked lenders to step up risk management of property loans amid record gains in house prices that have raised concerns of price bubbles and ballooning debts. Controlling real estate business…
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China’s big 5 banks lost 274 billion yuan in bad debt write-offs in first nine months
Led by the Agricultural Bank of China, which set the industry record for worst NPL ratio of 2.39 per cent, the average NPL ratio at the national “big five” has climbed back to 1.72 per…
China’s central bank raises obscure rate to send clear message
An obscure interest rate reached between China’s central bank and lenders in a treasury fund auction has jumped, causing jitters in the onshore bond market on Monday and delivering a message that the People’s Bank…
China testing scheme to gauge shadow banking risk – newspaper
SHANGHAI China is still testing a scheme to include off-balance sheet financing in assessing the health of commercial banks before rolling it out more widely, an influential newspaper quoted the central bank’s top economist as…
China central bank learns lessons as deflates money market risk
SHANGHAI Three years ago, China’s central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Interest rates spiked, spooking global markets who feared a banking crisis was…
The Peninsula Beijing reinvents itself with white-glove luxury
In Beijing, you can marvel at the flaking paint and faded glory of the Forbidden City. You can gnaw on street-side lamb skewers and, in the few places not yet shut down by the government,…
The ultimate Chinese souvenir… SMOG in a can! Entrepreneur starts selling tins of polluted air from Beijing
A British entrepreneur living in China has the jackpot by selling a highly unusual souvenir – canned pollution. Dominic Johnson-Hill, who runs a clothing store in Beijing, has seen thousands of cans of Beijing Air…
9 Olympians, including 6 medallists, caught for Beijing doping
Nine more athletes, including six medal winners, were retroactively disqualified from the 2008 Beijing Olympics on Wednesday after failing retests of their doping samples. The International Olympic Committee announced the decisions in the latest sanctions…
China's financial system undergoing transformation
China’s financial system is one of the biggest concerns for the world economy today. The anxiety about another potential “China shock,” like the ones in the summer of 2015 and in January this year, persists…
Less than 60 percent of China's public-private projects have started
BEIJING (Reuters) – Work has started on less than 60 percent of public-private partnership (PPP) projects promoted by China’s central finance ministry, while the rate for local government projects is even lower, government data through…
China Oceanwide to buy Genworth Financial for $US2.7 billion
China Oceanwide has agreed to buy all the shares in New York-listed Genworth Financial, which is the 52 per cent shareholder of Genworth Mortgage Insurance Australia (GMIA). China Oceanwide is set to become the biggest…
China stocks flat as financial shares gain on signs of improvement; HK down
SHANGHAI, Oct 28 China stocks were little changed on Friday morning, as investors, haunted by fears of persistent yuan depreciation and tighter liquidity, sifted through a slew of corporate earnings to assess China’s economic health.…
Here's what China has to do to avoid a financial crisis
In a week when China announced that its economy grew 6.7% year-on-year for the third quarter in succession, it’s not the steady, near-unbelievable stability in the figure that has the markets talking. Rather, it’s one…
