“Regarding North Korea’s recent missile launch, once again in violation of UN Security Council resolutions, China has already clearly expressed our opposition”, Wang told a news conference in Beijing … Korea’s Foreign Trade Bank, the…
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U.N. vote on U.S. bid to slash N.Korea exports over missile tests
The draft resolution would also add nine individuals and four entities to the U.N. blacklist, including North Korea’s primary foreign exchange bank, subjecting them to … time the new resolution is adopted as Beijing is…
China’s central bank to include internet finance in MPA
SHANGHAI: China’s central bank plans to include large systemically important internet finance firms in its Macro Prudential Assessment (MPA), the official Xinhua news agency reported on Saturday. The MPA risk assessment framework already includes checks…
Ex-head of China policy bank gets 14 years for taking US$5.3 million in bribes
China sets up super regulator to mend over fragmented financial regulatory structure The 65-year-old, who had been detained since June last year, was tried at the Intermediate People’s Court of Baoding, central China’s Henan province,…
Fresh fears China’s debt bubble could burst
Beijing has stepped up a deleveraging campaign as part of efforts to maintain economic and financial stability ahead of a key communist party congress later this year. Professor Rogoff suggested that the economy could slow…
No South China Sea trade-off for economic gains, Philippines says
Manila is unlikely to compromise on its maritime sovereignty despite Beijing’s chequebook diplomacy and economic inducements, according to the Philippines’ finance chief. In an exclusive interview with the South China Morning Post, Philippine Secretary ……
China’s banking sector to see stable growth: report
BEIJING, Aug. 5 (Xinhua) — China’s banking sector is expected to grow steadily during the 2017-2018 period with a lower non-performing asset ratio. The commercial banks’ assets are likely to grow by 10 percent a…
Central Bank requires all online payment connect to a unified platform by middle of 2018
Setting up the NUCC is to fix these loopholes and also reduce transaction risks by putting online capital flow under regulation, Guo Tianyong, a professor of Central University of Finance and Economics, was quoted as…
In Manila this week, ASEAN faces difficult balance between US and China
According to Vermonte, ASEAN member countries should contribute more to finance the region’s activities … benefits in their bilateral relationship with Washington and Beijing. Vermonte, the Jakarta-based expert, said while Southeast Asian countries … (…
Credit crunch, 10 years on: fate of RBS shows global crisis is not over
Lord Turner reckons the authorities in Beijing could contain a financial crisis – but the inevitable slowdown in the Chinese economy that would follow would prove costly to the rest of the world. But he…
‘South China Sea claimants will suffer if harsh to China’
“By entering into weighty financial agreements, we may end up not only tying … Critics say the agreed outline of key principles is lopsidedly in China’s favor and suspect that Beijing may have consented to…
China regulators plan to crack down further on overseas deals
Officials at the banking regulator, the commerce ministry … the property-to-film conglomerate Dalian Wanda and Anbang Insurance Group. Beijing’s stepped up deleveraging campaign, as part of efforts to control debt risk to the broader financial…
Bank body sees steady year ahead
“China’s steady and upbeat economic conditions, prudent and neutral monetary policy and the banking industry regulator’s effective … By the end of 2016, Chinese banks in Beijing had offered 4 billion yuan in such loans.…
