The financial naivety of the public and a collective desire for unfeasibly high returns have helped fuel the proliferation of fraudulent investment schemes in China, according to an academic. “China’s financial markets were opened in…
Tagged By finance
Central bank stresses neutral monetary policy, financial regulation
BEIJING — China’s central bank said Tuesday it would continue to implement a prudent and neutral monetary policy and step up financial regulation to prevent systemic risks. The People’s Bank of China (PBOC) will maintain…
Traders shift attention to Chinese brokerages as crackdown continues on financial industry
Dai holds shares in Guotai Junan Securities, China’s third-biggest listed brokerage by market … as the regulatory crackdown on financial leveraging deflates bubbles in small-cap shares, which are still more than three times as expensive…
Financial risks to be prevented
China will strengthen the coordination of financial regulation, stabilize the property market and prevent systemic financial risks, according to a statement issued after a top leadership meeting on Monday. “Financial disorder will be tackled thoroughly…
Watch out for ‘grey rhino’ in jungle of financial risks
BEIJING – Every major economy has its own “grey rhinos” – big and neglected economic risks. In China’s case, it is the rapid build-up of financial risks caused by debt-fueled investment growth, as People’s Daily,…
China c.bank says will strictly regulate financial market trading
BEIJING, July 25 (Reuters) – China’s central bank said on Tuesday that it would strictly regulate financial trading and strengthen the regulation of internet finance as policymakers looks to control risks in what regulators have…
China vows tight financial oversight in second half
BEIJING — China’s top decision-making body signed off Monday on an economic agenda that appears to maintain a hard line on the financial sector for the rest of 2017. The Politburo of the Communist Party,…
Asian Financial Cooperation Association launched in Beijing
China has launched on Monday a new international financial institution, the Asian Financial Cooperation Association (AFCA). The regional non-profit organization is registered with China’s Ministry of Civil Affairs, involving financial institutions … ( read original…
UPDATE 1-Brushing off bank worries, HNA taps Goldman for unit Pactera’s IPO – sources
has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said. The mandate for the U.S. initial public offering…
Marking the 20th Anniversary of the Asian Financial Crisis
David worked as an economist at the World Bank for 20 years, focusing on a variety of Asian economies. He also served as the U.S. Treasury’s economic and financial emissary to China, based in Beijing.…
Bank of China Ltd.
The company was founded on February 5, 1912 and is headquartered in Beijing, China. Bank of China was founded in 1912 as the central bank of the Republic of China by order of Sun Yat-sen,…
China Finance Online Co. Limite (NASDAQ:JRJC) Sees Light Trading Volume with 5,104 Shares Changing Hands
Trading was light with 5,104 shares changing hands in the last trading session. Volume was down 86.48% under the stocks average daily volume. Traders are feeling more bearish on shares of the company lately if…
China banking sector assets up 11.4 pct y/y at end-June
BEIJING, July 25 (Reuters) – The value of assets held by China’s banking sector rose 11.4 percent to 236.54 trillion yuan ($35.04 trillion) as of end-June compared with a year earlier, the China Banking Regulatory…
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