Yi Gang, governor of the People’s Bank of China. [Photo/VCG] There is more room for further opening-up by China in the financial sector, with more efforts to focus on three areas－capital account convertibility, market-oriented exchange-rate…
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China carries out spot checks on shadow banking-CSJ
SHANGHAI, May 30 (Reuters) – China’s banking regulator is carrying out nationwide inspections on financial institutions such as trusts to check on their shadow banking and interbank activities, the China Securities Journal reported on Wednesday…
China’s New Financial Sector Reforms: Will They Go Far Enough?
Earlier this year, Chinese President Xi Jinping pledged that the country will accelerate the opening up of its financial sector in a series of “landmark” measures to be launched in 2018. They include fast-tracking foreign…
China central bank aims to expedite drafting of regulations for financing of small businesses
BEIJING (Reuters) – China’s central bank will speed up the drafting of financial regulations that govern the financing of small businesses, Central Bank Governor Yi Gang said on Tuesday, as part of wider efforts to…
China’s central bank chief tamps down expectations of liberalising country’s financial industry
The People’s Bank of China Governor Yi Gang, two months after stepping into the shoes of the country’s longest-serving central bank chief, has sought to play down the expectations of a financial industry hankering for…
China’s Ant Financial raises $10 billion at $150 billion valuation: Sources
Ant Financial has raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters. The amount and investor line-up are finalized and the transfer of…
China securities regulator vows financial stability ahead of MSCI entry
SHANGHAI (Reuters) – A senior Chinese securities regulator vowed to maintain financial stability and prevent asset price bubbles as the country accelerates the opening-up of its financial markets to foreign investors. The comments by Fang…
China $10 Trillion Shadow Bank Crackdown Has Long Way to Go
Chinese regulators are making progress in their attempts to tame the country’s $10 trillion shadow banking sector, but after a one-year squeeze on the riskiest areas of the industry, there’s still a lengthy battle ahead.…
More room for opening up in China’s financial sector: central bank governor
BEIJING (Reuters) – There is more room for opening up in China’s financial sector, central bank governor Yi Gang said on Tuesday, adding that financial regulators need to strengthen supervision of the sector. ( read…
More room for opening up in China’s financial sector – c.bank governor
BEIJING, May 29 (Reuters) – There is more room for opening up in China’s financial sector, central bank governor Yi Gang said on Tuesday, adding that financial regulators need to strengthen supervision of the sector.…
JD Finance denies IPO reports
JD Finance denied recent reports the company plans to list on China’s A-share market in 2019-2020, Securities Daily reported on Tuesday. A relevant official at JD Finance told the newspaper the company has no IPO…
China’s $10 Trillion Shadow Bank Crackdown Has a Long Way to Go
Chinese regulators are making progress in their attempts to tame the country’s $10 trillion shadow banking sector, but after a one-year squeeze on the riskiest areas of the industry, there’s still a lengthy battle ahead.…
Head of major Chinese bank found dead in apparent suicide
BEIJING — The head of a major bank in northern China was found dead in his office in an apparent suicide, state media reported Monday, in the latest in a recent string of deaths among…
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