Guo Shuqing, China’s newly appointed banking regulator, attends a news conference in Beijing. “We will give foreign banks more space in the form of their establishment, shareholder qualifications, the percentage of their shareholding and their…
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China’s central bank chief warns of asset bubbles as economic growth ramps up
BEIJING — China’s central bank chief on Thursday issued a stark warning about asset bubbles in the world’s second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by…
Financial appointees in China ‘far more important’ than political ones for economy, says scholar
Investors interested in China shouldn’t be too distracted by who is elevated to the top ranks of the Chinese Communist Party during the ongoing leadership confab, warns a leading China scholar. Instead, the most important…
China’s central bank warns of Minsky moment as economy powers ahead
BEIJING: China’s central bank chief yesterday issued a stark warning about asset bubbles in the world’s second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending…
China’s 30-year deadline to rule the world
BEIJING has outlined plans to become the world’s biggest superpower within the next 30 years. Opening a five-yearly national congress, Chinese President Xi Jinping set out his time frame for the country to become a…
China to give foreigners greater access to banking sector: Chief regulator
China’s top banking regulator said on Thursday that the country will … The regulator’s comment comes as Beijing faces mounting pressure from Western governments and business lobbies to remove investment restrictions and onerous regulations that…
China to give foreign banks greater access to banking sector: CBRC
China’s top banking regulator said on Thursday that the country will further open up its banking system to foreign investors, who have failed to make inroads into the highly regulated sector and seen their market…
China to give foreigners greater access to banking sector – regulator chief
BEIJING (Reuters) – China’s top banking regulator said on Thursday that the country will further open up its banking sector to foreign investors and crack down on business irregularities to prevent financial risks. “We will…
China signals tougher line on finance sector
People’s Bank of China Governor Zhou Xiaochuan, who is due to retire soon, told a meeting of top finance officials at the National Party Congress on Thursday that corporate debt levels were too high. He…
China central bank warns against ‘Minsky Moment’ due to excessive optimism
BEIJING (Reuters) – China will fend off risks from excessive optimism that could lead to a “Minsky Moment”, central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and…
China’s ’emergency exit’ from debt: devaluing the currency, says Credit Suisse
The world’s second largest economy has already entered a state of deleveraging and the era of investment and of housing-led growth is over, said the head of Credit Suisse’s private banking business in China, Dong…
UPDATE 1-China c.bank warns against “Minsky Moment” due to excessive optimism
* Says yuan trade band not a key issue at moment * Zhou is expected to step down early next year (Adds details, comments) BEIJING, Oct 19 (Reuters) – China will fend off risks from…
China will crack down on irregularities in banking sector – regulator chief
BEIJING (Reuters) – China will crack down on irregularities in the banking sector and resolutely curb any rise in hidden debt, Guo Shuqing, head of the country’s banking regulator, said on Thursday. China also will…
