China will further open its economy to foreign investors, through measures such as allowing investment in more industries, such as services, state television said on Tuesday, citing a reform group meeting chaired by President Xi…
Tagged By finance
Chinese banking regulator Yang Jiacai under investigation for suspected corruption
“Beijing is escalating its war against corruption in the financial sector as we see senior officials being purged from securities, insurance and banking regulatory bodies,” said Hu Xingdou, a professor of economics at Beijing Institute…
China broadens anti-graft drive to include a senior banking regulator
BEIJING A top official at China’s banking regulator is being investigated for suspected disciplinary violations, the country’s top anti-graft body said, broadening the country’s anti-corruption drive to include more financial supervisors. Yang Jiacai, the ……
China Merchants Bank: Six Reasons Why This Analyst Sees 80% Upside
Shares of China Merchants Bank (3968.HK) have gained 28% this year and trade at a premium to those of China’s big four state-owned banks. But one analyst sees a lot more upside for the stock.…
China’s Shadow Banking Has A Destabilizing Potential And The Government May Tip The Scales
The shadow banking system is estimated at some $4 trillion. Government targeting the banking system and very well be the reason the banking system falters. Measures the government has taken are already pushing interest rates…
China’s Crackdown on Financing Takes Toll
China could be setting the stage for another boom-and-bust economic cycle as a result of the government’s campaign to curb financial risks. Regulators have been sending chilling messages on credit policies to the banking and…
Monetary policy adjustments is a trial and error process: China central bank advisor
HONG KONG China’s central bank will continue to implement reasonable adjustments to monetary policy while keeping it neutral with a tightening bias, People’s Bank of China (PBOC) advisor Sheng Songcheng said. The central bank will…
Big banks’ profitability on the mend
Industrial and Commercial Bank of China Ltd, the world’s largest lender by assets, reported net profit of 75.8 billion yuan ($11 billion) in the first quarter, up by 1.5 percent year-on-year, according to the bank’s…
China stocks mixed, concerns over policy tightening linger; Hong Kong up
An advisor with the People’s Bank of China (PBOC) said the central bank will continue to implement reasonable adjustments to monetary policy. “If it went tight, it would be loosened a bit. The central bank…
BANK OF CHINA : COMES TO PAKISTAN
State Bank of Pakistan (SBP) has issued a banking license to the Bank of China. The Bank will commence its business in branch mode after meeting other regulatory requirements, which is yet another stride towards…
China Merchants Bank : Vanke to Set up Investment Funds With Merchants Bank
China Vanke Co. (2202.HK) has agreed to set up two investments funds with units of China Merchants Bank Co. (>> China Merchants Bank Co., Ltd) for consolidating the commercial properties of the Chinese real-estate developer.…
China faces financial crisis within a decade Gavekal Dragonomics
A global investment house has warned that China faces a financial crisis within the next decade as government and private debt rise to unsustainable levels. Anatole Kaletsky is chief economist and co-chairman at Hong Kong-based…
China’s financial reform fraught with risks
China’s concerted effort to slash financial leverage and clean up its messy yuan 76 trillion ($14.8 trillion) shadow banking sector is fraught with political and economic risks. There is a real danger that the aggressive…
