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.…
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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…
What the Gap T-shirt controversy tells us about China’s territorial claims
IF YOU want a sense of how strongly China feels about its territorial claims, look at its responses to companies that defy its world view. Marriott International, Delta Air Lines and now clothing retailer Gap…
Chinese bank chief found dead inside his office
The chairman of a regional bank in China’s northern city of Tianjin has been found dead in his office after his wrists had been slit, state media has reported. Yin Jinbao, who has only chaired…
Royal Bank joins Air Canada in labeling Taiwan as part of China
VANCOUVER—Royal Bank of Canada customers who wish to wire payments to Taiwan will find it listed as a “province of China” on its website. The bank’s designation is coming to light after a similar move…
Exclusive: Pakistan seeks economic lifeline with fresh China loans
Lending to Pakistan by China and its banks is on track to hit $5 billion in the fiscal year ending in June, according to recent disclosures by officials and Pakistan finance ministry data reviewed by…
Tesla hires new chief financial officer for China
(Reuters) – Tesla Inc (TSLA.O) on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as…
China curbs banks’ liquidity risks with new rule
The rule will take effect from July 1, with three news indicators introduced to gauge liquidity risks, according to the China Banking and Insurance Regulatory Commission. One of the three new gauges is the net…
NZ tourist visas for Chinese bank’s clients fast-tracked
More than half of some Bank of China clients who applied for a tourist visa had it approved within one business day in the past two years, after an agreement to fast-track them. Immigration New…
Foreign companies ready to enter financial market
They may prefer setting up joint ventures as a path to the core of the financial sector. The People’s Bank of China said that last year domestic payment institutions processed 169 trillion yuan (£19.6 trillion),…
NZ visas for Chinese bank’s clients fast-tracked
… introduced a streamlined visa process for the bank’s private banking or prestigious wealth management customers two years ago. It has since also signed a similar deal with China UnionPay for its Platinum or Diamond…
Pakistan, China currency swap to promote bilateral trade: Says PBC
BEIJING: The People’s Bank of China, the country’s central bank, said Thursday it had extended a currency swap agreement with the State Bank of Pakistan. The swap is sized at 20 billion yuan (3.1 billion…
Is the day of reckoning coming for China’s corporate bond market?
The defaults continued in May. While the amounts are a drop in the bucket of the overall industry, analysts said defaults were set to grow this year and beyond as China’s central bank tightened up…
