HONG KONG (AP) — Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines. Wang Chungying, a spokeswoman for China’s…
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War on financial risk to continue
The war on financial risks will continue this year in China, with renewed efforts to crack down on shadow banking activities and further rectification of financial irregularities, said the head of the nation’s banking regulator.…
Opinion/Column: China may force a financial reckoning
Is China about to do the United States a big favor, however unwittingly? According to Bloomberg, China is considering whether to slow, or even stop, purchases of U.S. Treasuries. At $3.14 trillion, China holds the…
China tightens rules on insurers to fight local govt. debt risk
Beijing has taken a series of measures in recent months to rein in local government debt as part of a broader effort by Beijing to reduce financial risks in the world’s second-largest economy. A notice…
Will Indonesia’s ATM market follow the same path as China and India?
Will Indonesia’s ATM market follow the same path as China and India? Self-Service Banking Asia returns … For more information, please visit www.rbrlondon.com/ssba. Here at Fintech Finance, we work with renowned executives in the industry…
China must bring household debt under control, banking regulator says
China’s banking watchdog has publicly acknowledged that household debt levels are becoming a cause for concern. In an interview published in Monday’s People’s Daily, the official mouthpiece of the ruling Communist Party, Guo Shuqing, chairman…
Big portion of future GM electric vehicles for China market: executive
DETROIT (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said,…
Hong Kong needs more financial innovation to effectively tap Greater Bay Area opportunities
HNA Innovation Finance Group Zhang Yuge, China Development Institute’s director of Hong Kong and Macau Studies, said more local policies to promote economic cooperation between Hong Kong and the rest of the bay area were…
China banking regulator chief warns ‘black swan’ event could threaten financial stability
China’s banking regulator chief warned that a “black swan,” or an unforeseen event could threaten the country’s financial stability, official People’s Daily reported on Wednesday. In an interview with the paper, Guo Shuqing said that…
Uoolu to Bring Together 100 Global Leading Developers at Beijing Summit
View original content with multimedia:http://www.prnewswire.com/news-releases/uoolu-to-bring-together-100-global-leading-developers-at-beijing-summit-300582974.html Marcus s is the lead editor for Our Finance Daily. He holds a B.A. in Psychology from the … ( read original story …)
UPDATE 2-China 2017 non-financial ODI posts first decline since records began
* Dec non-financial ODI rises 49 pct y/y to $12.53 bln * 2017 non-financial ODI falls 29.4 pct to $120.08 bln * Dec FDI drops 9.2 pct y/y to 73.94 billion yuan * 2017 FDI…
UPDATE 1-China 2017 non-financial overseas investment falls 29.4 pct y/y
* Dec non-financial ODI rises 49 pct y/y to $12.53 bln * 2017 non-financial ODI falls 29.4 pct to $120.08 bln * Dec FDI drops 9.2 pct y/y to 73.94 billion yuan * 2017 FDI…
China 2017 non-financial ODI down 29.4 pct y/y to $120.08 bln – media
BEIJING, Jan 16 (Reuters) – China’s non-financial outbound direct investment in 2017 fell 29.4 percent year-on-year to $120.08 billion, the business daily Securities Times newspaper reported on Tuesday, quoting a commerce ministry official. Irrational ……
