BEIJING has outlined plans to become the world’s biggest superpower within the next 30 years. Opening a five-yearly national congress, Chinese President Xi Jinping set out his time frame for the country to become a…
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China to give foreigners greater access to banking sector: Chief regulator
China’s top banking regulator said on Thursday that the country will … The regulator’s comment comes as Beijing faces mounting pressure from Western governments and business lobbies to remove investment restrictions and onerous regulations that…
China to give foreign banks greater access to banking sector: CBRC
China’s top banking regulator said on Thursday that the country will further open up its banking system to foreign investors, who have failed to make inroads into the highly regulated sector and seen their market…
China to give foreigners greater access to banking sector – regulator chief
BEIJING (Reuters) – China’s top banking regulator said on Thursday that the country will further open up its banking sector to foreign investors and crack down on business irregularities to prevent financial risks. “We will…
China signals tougher line on finance sector
People’s Bank of China Governor Zhou Xiaochuan, who is due to retire soon, told a meeting of top finance officials at the National Party Congress on Thursday that corporate debt levels were too high. He…
China central bank warns against ‘Minsky Moment’ due to excessive optimism
BEIJING (Reuters) – China will fend off risks from excessive optimism that could lead to a “Minsky Moment”, central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and…
China’s ’emergency exit’ from debt: devaluing the currency, says Credit Suisse
The world’s second largest economy has already entered a state of deleveraging and the era of investment and of housing-led growth is over, said the head of Credit Suisse’s private banking business in China, Dong…
UPDATE 1-China c.bank warns against “Minsky Moment” due to excessive optimism
* Says yuan trade band not a key issue at moment * Zhou is expected to step down early next year (Adds details, comments) BEIJING, Oct 19 (Reuters) – China will fend off risks from…
China will crack down on irregularities in banking sector – regulator chief
BEIJING (Reuters) – China will crack down on irregularities in the banking sector and resolutely curb any rise in hidden debt, Guo Shuqing, head of the country’s banking regulator, said on Thursday. China also will…
China’s central bank just warned of a sudden collapse in asset prices
China will fend off risks from excessive optimism that could lead to a “Minsky Moment,” central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is…
China has ‘halted intervention in yuan exchange rate market’
a deputy governor at the People’s Bank of China said on Wednesday. Pan Gongsheng, who is also the head of the State Administration of Foreign Exchange, told journalists on the sidelines of the opening ceremony…
China’s Top Bank Regulator Endorses Reform of Finance Industry
China’s top banking regulator reiterated the country’s commitment to reforming its finance industry, including easing ownership and business restrictions for foreign banks. The market share of foreign banks in China is falling, which isn’t good…
China’s Economy Grew Steadily, Thanks to Loans and Homes
China’s debt has soared over the past decade as banks and other lenders, working at the urging of Beijing, turned on money spigots to fuel growth. That has led to worries about the stability of…
