HONG KONG, Oct. 11 (Xinhua) — Chief Executive of China’s Hong Kong Special Administrative Region (SAR) Lam Cheng Yuet-ngor vowed on Wednesday to reinforce and enhance Hong Kong’s status as a global financial center, an…
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China makes progress against shadow banking: report
BEIJING, Oct. 11 (Xinhua) — China has made headway in reining in its shadow-banking sector, Fitch has said in a report, with risk control in the financial system a priority since the beginning of the…
China names new leaders of anti-corruption agencies at financial regulators
China’s Communist Party has named new top officials to lead anti-corruption agencies at the country’s banking and insurance regulators as it makes final preparations for a twice-a-decade party congress later this month. Lin Guoyao, a…
Chinese central bank official insists new cash reserves rule won’t affect resolve to cut financial risk
The plan by China’s central bank to cut the amount of cash reserves that some banks must hold will not alter policymakers’ resolve to lower financial risk, state-run China Daily reported an official as saying…
Unprecedented data trove maps China’s growing global reach and self-interest of its aid
“Irrespective of the funding source, less concessional and more commercially oriented types of official finance do not boost economic growth.” China’s secrecy on foreign aid is partly because of “domestic politics,” says Mathieu Duchatel, senior…
China moving forward with sale of US dollar denominated bonds
China is moving forward with plans to issue its first sovereign bonds in dollars since 2004 in a deal that will put a symbolic seal of approval on the booming offshore Asian debt market. The…
Turf wars and risk aversion: China’s pro-market central bank boss ‘leaves note’ to next generation
Those stumbling blocks included the central bank’s role as a unit within the cabinet … Zhang Ming, a senior researcher with the Chinese Academy of Social Sciences, said Beijing’s political goal of ensuring financial stability…
(Chinese aid) Beijing’s lending remains unreported
“AidData is the most comprehensive source of information on China’s lending for development projects,” said David Dollar, an economist at the Brookings Institution in Washington and former World Bank country director in Beijing, in an…
China’s plan for a soft landing hinges on bank lending
The People’s Bank of China (PBOC) answered the call of the State Council … Significantly easing policy at this juncture could mislead the market into thinking that Beijing is concerned about the economic outlook. 2)…
China to Flex its Market Muscle With First Dollar Bond Since ’04
China is moving forward with plans to issue its first sovereign bonds in dollars since 2004 in a deal that will put a symbolic seal of approval on the booming offshore Asian debt market. The…
China Spotlight: As National Congress Approaches, Issues for MNCs to Watch
The resulting decisions will likely impact financial and monetary policy as well as broader regulatory trends that shape economic growth, the business environment for multinational companies (MNCs) doing business in China, and China’s projection into…
No Vacancies: Airbnb shutters Beijing rentals ahead of Party Congress
BEIJING (Reuters) – U.S. short-term rental service Airbnb Inc has removed listings in Beijing as the capital prepares to host a five-yearly Party Congress later this month, the most important event on China’s political calendar…
China’s $37 Trillion Problem
According to new data, china’s shadow Banking is now a $37 trillion problem. The global economy is currently in the middle of a period of strength. Business optimism is strong, and most regions are showing…
