People’s Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing. “The main…
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China’s 6.9% growth may continue: Chinese central bank governor Zhou Xiaochuan
BEIJING (BLOOMBERG) – Chinese economic indicators show “stabilised and stronger growth”, and the momentum of a 6.9 per cent expansion in the first six months of 2017 “may continue in the second half”, People’s Bank…
China could maintain 6.9 per cent growth in second half of year, central bank chief says
The 6.9 per cent economic growth China recorded in the first six months of the year “may continue in the second half” as a number of indicators suggest “stabilised and stronger growth”, according to the…
People’s Bank of China: Economy to Accelerate in Third, Fourth Quarters
Mainland China’s central bank expects the economy to gain momentum closer to the year’s end, however, there is strident debate regarding the accumulation of corporate and provincial debt as the country’s primary driver of economic…
Guest Contribution: “10 Lessons for China 10 years after the subprime financial crisis “
Today we are fortunate to present a guest contribution written by Alessandro Rebucci, Associate Professor, and Jiatao Liu, at the Carey School of Business at Johns Hopkins University. This month marked the beginning of the…
Ant Financial sees blockchain as smart way forward for easy home rental contracts
“Ant Financial is building a smart contract platform which can be applied to industries such as the industrial, finance and leasing markets,” Jiang told the South China Morning Post on the sidelines of the Alibaba…
China banking regulator, Hubei chief front runners to head central bank: sources
BEIJING (Reuters) – China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year,…
Indonesia, China take securitization route to infrastructure finance
Pakpahan: infrastructure financing Asset-backed securities will be key to unlocking the multi-billion dollars of funding needed to finance the Belt and Road Initiative because of the huge opportunities the projects offer to securitize long term…
Financial firms the latest to embrace co-working spaces in search for new ideas
“Within these close-knit communities, financial services companies are interested in meeting and learning from fintech start-ups and other members,” Lee said. WeWork has eight locations in Shanghai, Beijing and Hong Kong, and plans to move…
US demands World Bank overhaul of lending to China
The Trump administration is holding out against a capital increase for the World Bank until it overhauls its lending to China and other middle income countries, creating a new source of tension between Washington and…
Daily briefing: US v China in World Bank, Brexit stand-off and China’s electric cars
The Trump administration is holding out against a capital increase for the World Bank until it overhauls its lending to China and other middle income countries, creating a new source of tension between Washington and…
The iPhone 8 is already selling at a discount in China
Apple (AAPL) products seldom go on sale, let alone a newly released one. But that’s what happened to the iPhone 8 in China, Apple’s largest market outside the U.S. Within a month after the debut…
China stirs tensions between North Korea and South by blocking financial deal with Seoul
The eight-year deal was due to be continued in a positive step towards improving relations between Seoul and Beijing. Tensions between the states have been frayed over South Korea’s recent instalment of a controversial US…
