China’s central bank said that it will keep its “prudent and neutral” monetary policy, “closely” monitor liquidity and expectations, and deepen reforms in the interest-rates and currency market. The People’s Bank of China aims to…
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China tightens rules on asset management to rein in risky lending
China’s central bank outlined sweeping new regulations aimed at curbing financial risk in the asset management industry on Friday, in the latest signal of its determination to rein in the country’s runaway shadow banking sector.…
UBS: China’s $38 Trillion Off-Balance Sheet Binge Poses Little Risk
Growth in assets kept on the balance sheet has outstripped off-the-book expansion, Bedford wrote after studying 282 bank filings from 2016 and the first half of 2017. Bedford’s conclusions add to a growing assessment that…
China reins in asset managers
BEIJING: China’s central bank has issued sweeping guidelines to tighten rules governing asset management businesses, the latest step by Beijing to fend off systemic risks in the huge “shadow banking” sector. The new guidelines unify…
China’s $38 Trillion Off-Balance Sheet Binge Poses Little Risk: UBS
Growth in assets kept on the balance sheet has outstripped off-the-book expansion, Bedford wrote after studying 282 bank filings from 2016 and the first half of 2017. Bedford’s conclusions add to a growing assessment that…
BRIEF-China Development Bank Financial Leasing Co appoints Peng Zhong as president
Nov 17 (Reuters) – China Development Bank Financial Leasing Co Ltd: * Peng Zhong has been nominated as executive director candidate of co * On 16 Nov, Peng Zhong has also been appointed as president…
China banking on home-grown system to keep financial crises at bay
The People’s Bank of China is pinning its hopes of fending off a financial crisis on a home-grown macro risk assessment system, according to the youngest of China’s five central bank deputy governors. The “macro…
China c.bank adviser: Expect China financial deleveraging to be less forceful in 2018
BEIJING, Nov 16 (Reuters) – A Chinese central bank advisor said on Thursday that he expects China’s financial deleveraging to be less forceful next year. China’s financial deleveraging has achieved obvious results, central bank adviser…
China central bank adviser: Expect China financial deleveraging to be less forceful in 2018
BEIJING (Reuters) – A Chinese central bank advisor said on Thursday that he expects China’s financial deleveraging to be less forceful next year. China’s financial deleveraging has achieved obvious results, central bank adviser Sheng Songcheng…
China imposes new rules on policy banks to curb risks
For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing’s pet projects and supporting Chinese companies abroad.…
China government official warns of bubble risks in financial sector
BEIJING (Reuters) – China’s financial sector faces bubble risks, a government official warned on Thursday and said a property tax may be on the cards in the near future as authorities extended their efforts to…
China sets new rules for policy banks to curb risks
SHANGHAI (Reuters) – China’s banking regulator has set new rules for the country’s three policy banks to help rein in risks amid a broader tightening of controls over the financial sector. The new rules require…
China announces special rules on policy banks
China’s banking regulator released special rules for the country’s three policy banks for the first time on Wednesday, featuring a capital restraint mechanism to strengthen risk control. Since their establishment in 1994, there have been…
