BEIJING (Reuters) – China’s banking regulator on Friday banned lenders from using trust firms to skirt regulations and cover up risk in Beijing’s latest effort to crack down on shadow banking. In a statement on…
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China stocks fall as financial and consumer shares drag
SHANGHAI, Dec 22 (Reuters) – China stocks dipped on Friday, as weakness in banking and consumer stocks offset gains in the energy sector, but the indexes were up for the week. ** At the close,…
China’s using cheap debt to ‘bend other countries to its will,’ academic says
China’s continents-spanning Belt and Road network threatens … But concerns of developing countries taking on unrealistic financial obligations have sparked allegations of what’s being called ‘dept-trap diplomacy.’ Earlier this year, Indian Prime Minister … (…
Bank’s alleged ivory ad stirs public outcry
Internet users expressed outrage on Thursday after the Beijing branch of China Construction Bank allegedly set up a “last chance to buy ivory” advertising promotion. The ad violated administrative rules, a forestry official claimed on…
China will effectively fend off credit risks in banking sector: regulator
BEIJING (Reuters) – China’s banking regulator said on Thursday it will effectively fend off credit risks in the banking sector and appropriately address hidden local government debt risks. China will also effectively control risks in…
BRIEF-China Internet Nationwide Financial Services To Review Allegations Raised By Muddy Waters
Dec 21 (Reuters) – China Internet Nationwide Financial Services Inc: * CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC. ANNOUNCES FORMATION OF INDEPENDENT SPECIAL COMMITTEE TO CONDUCT INDEPENDENT REVIEW AND INVESTIGATION INTO MUDDY WATERS ALLEGATIONS … (…
Is ghost of Mao finally dead? China’s new economic plan reads like western manisfesto
The top priorities during the next three-years will be to improve air quality, alleviating poverty and curbing financial risk. China is in desperate need of financial reform as 43million people live in absolute poverty in…
How I.M. Pei’s Bank of China Tower changed Hong Kong’s skyline
Juan Du is an associate professor at Hong Kong University’s Department of Architecture. This year of 2017 marks the 100th birthday of the renowned Chinese-American architect I.M. Pei. From museums to business headquarters, Pei has…
Bank of China : UAE essential to One Belt One Road, says Bank of China GM
Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. Abu Dhabi to mutually promote their services for the benefit of both entities customers…
China’s Xi Declares ‘Critical Battle’ to Quell Financial Risks
China’s top leaders said they are taking a three-year approach to winning “critical battles” against financial risk, pollution and poverty, and signaled that monetary policy will remain “prudent and neutral” next year in support. Economic…
Chinese leaders promise more imports, less financial risk
BEIJING (AP) — Chinese leaders promised Wednesday to increase imports and reduce risks in their financial system amid slowing economic growth and pressure from Washington and Europe to open their markets wider. A statement issued…
Financial risk the ‘critical battle’ for Xi Jinping in next three years
China’s top leadership has targeted financial risk prevention as a key economic priority for the next three years under “Xi Jinping economic thought”, Xinhua reported on Wednesday, as Beijing grapples with a mountain of debt…
China issues code of conduct for firms investing abroad
This includes staying within a company’s financial constraints and core competencies, avoiding high-leverage financing, respecting local laws and customs, and adhering to socially and environmentally responsible operations. The state-run China Daily … ( read original…
