BEIJING (Reuters) – China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported on Wednesday without citing a direct source. Guo had…
Tagged By finance
How one reporter’s question in Beijing led to demands for a US investigation
It all started with a video that quickly went viral. And now that video has sparked an online petition in the United States to investigate a California news outlet’s links to Beijing. Two Chinese television…
China will push ahead ‘resolutely’ with financial sector fight, says Li Keqiang
China said it will continue to “resolutely” tackle financial irregularities, after several officials and tycoons were punished last year in a crackdown on market manipulators and fraud. “Some unlawful and [risky] conduct has been making…
China is not after ‘trophy-type’ investments, economist says
Prudence, on the other hand, is what China is aiming for, he said. This comes as China committed to financial reforms in an annual work report. Delegates of the National People’s Congress have voiced the…
US tariffs, China trade tensions overshadow G20 finance meeting
Malpass told an Institute of International Finance forum in Buenos Aires that countries were increasingly concerned by Beijing’s move away from market liberalization, its reliance on state subsidies and its use of restrictive investment policies.…
Yi Gang Picked to Take Helm of People’s Bank of China
BEIJING—President Xi Jinping has picked an American-trained economist known for pushing pro-market overhauls to run the central bank, according to people with knowledge of the matter, adding to an economic team strong on proponents of…
China’s New Central Banker Is Just as Important as the Fed’s
The announcement on Monday of Yi Gang as the new governor of the People’s Bank of China, China’s central bank, received somewhat less notice. The world should pay more attention. This choice is as important…
Yi Gang named head of People’s Bank of China
His appointment is being seen as an attempt to ensure continuity at the bank as Beijing continues to try and rein in growing debt and limit risky financial practices. He will take over a central…
Yi Gang to head up China’s central bank
Getty Images Yi Gang at the 12th NPC March 2017 Beijing-born Yi Gang has been deputy governor of China’s central bank since 2008 1 US-educated economist Yi Gang has been named the next governor of…
Regulator shopping in vogue as China’s shadow banks evade Beijing’s grip
China’s banking regulator, which oversees trust lending … it’s difficult to prevent there being some looser bureaus and some stricter ones,” said one current Beijing-based regulator. ( read original story …)
New China central bank governor: China should keep financial sector stable
BEIJING (Reuters) – Newly elected People’s Bank of China Governor Yi Gang said on Monday that the most important task is to implement prudent monetary policy, while at the same time pushing forward financial reform…
Exclusive: Regulator shopping in vogue as China’s shadow banks evade Beijing’s grip
SHANGHAI/BEIJING (Reuters) – Some of China’s biggest shadow banking groups are shopping for regulators in far-flung regions to help pass deals unlikely to be approved by more savvy regulators closer to home, according to multiple…
U.S. tariffs, China trade tensions overshadow G20 finance meeting
Buenos Aires (Reuters) – Worries about the potential for a U.S.-China trade war and frustration over U.S. President Donald Trump’s steel and aluminum tariffs threatened to dominate a gathering of finance leaders this week amid…
