Financial sector reform in China has lagged behind reform in other areas. There has been some progress in opening the financial sector, but it has been hampered by various constraints. Although China’s exchange rate system…
Tagged By finance
China’s central bank orders crackdown on online lenders to curb runaway credit
China’s central bank has issued its harshest set of restrictions yet to rein in the country’s online microlending businesses, putting on a tight leash an industry that was feeding off young borrowers living beyond their…
Beijing Capital Grand Breaks Into the 2017 Top 20 List of China’s Commercial Property Operators
Capital Grand has been very successful in terms of both business development and financial growth in recent years. The Company’s flagship project, Beijing Capital Outlets, has maintained an annual sales growth of more than 30%…
Chinese shadow banking has slowed — but that’s not as good as it seems
That was just the latest stage of a crackdown from Beijing that has begun to show some signs of success. Broad shadow banking levels “barely grew” to 64.7 trillion Chinese yuan ($9.72 trillion) at the…
Air China indefinitely suspends flights between Beijing and Pyongyang
TAIPEI/BEIJING (Reuters) – Air China Ltd has indefinitely suspended flights between Beijing and Pyongyang, citing poor demand as North Korea faces growing sanctions from the United States over its nuclear weapons and missile programs. An…
Guaranteed repayment – the wild financial game no Chinese bank can afford to lose
China’s central bank is trying to smash the tacit rule of “guaranteed repayment” in the US$15 trillion asset management industry, but analysts say few financial institutions – especially banks – can afford to let their…
BRIEF-China Oceanwide International Financial says unit to buy senior notes for US$120 mln
Nov 22 (Reuters) – China Oceanwide International Financial Ltd: * Unit to purchase senior notes for US$120 million with coupon interest rate of 8.5 pct per annum Source text for Eikon: Further company coverage: Our…
China to step up financial regulation in property market: state TV
BEIJING (Reuters) – China will step up financial regulation and crack down on speculation in the property market to fend off bubble risks, state television CCTV reported on Tuesday. The remarks were made by regulators…
China’s Zhongtian Financial to buy up to $4.7 billion stake in Huaxia Life
SHANGHAI/BEIJING (Reuters) – China’s Zhongtian Financial Group Co (000540.SZ), which has businesses in the real estate and finance sectors, said it planned to buy up to 25 percent of Huaxia Life Insurance for as much…
China’s Zhongtian Financial says to buy up to $4.7 billion stake in Huaxia Life
SHANGHAI (Reuters) – China’s Zhongtian Financial Group Co Ltd (000540.SZ) said it planned to buy up to 25 percent of Huaxia Life Insurance for as much as 31.0 billion yuan ($4.7 billion). Under framework agreements,…
China Looks to the Dumb Money for Its Financial Industry
China is opening its financial firms to more foreign ownership. The opportunity might seem tempting. But developed-world buyers should beware — it’s possible that it’s a trap. On Nov. 10, Vice Finance Minister Zhu Guangyao…
China tightens bank shareholding rules after lifting cap on foreign stakes
“The new rules tighten regulatory over major shareholders and their related parties; it is also worth noting that they came out just one week after China announced the historic opening up in banking investment. Beijing…
China central bank says to continue prudent, neutral monetary policy
HONG KONG (Reuters) – China’s central bank said on late Friday that it will maintain a prudent and neutral monetary policy and keep liquidity conditions stable, as it seeks to fend off systemic risks in…
