While the market debates China’s latest round of economic growth, national regulators are focusing on an equally important factor of the economy: financial cycles. In its latest quarterly monetary policy implementation report, the People’s Bank…
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Beijing kindergartens get permanent inspectors after abuse scandal – Xinhua
SHANGHAI (Reuters) – Beijing will hire permanent inspectors to provide oversight at every one of its kindergartens following child abuse allegations at a facility run by the New York-listed RYB Education, state news agency Xinhua…
China online finance regulator tells unqualified micro-lenders to stop lending
BEIJING (Reuters) – The National Internet Finance Association of China issued a risk warning letter late on Friday telling “unqualified institutions” to immediately stop offering loans as Beijing steps up a crackdown on the micro-loan…
BRIEF-China Shandong Hi-Speed Financial Group posts HY loss attributable of HK$240.1 million
* HY loss attributable HK$240.1 million versus loss of HK$550.7 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
BRIEF-China Oceanwide International Financial expects a profit for HY
* Expected result mainly due to increase in revenue Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China’s Mammoth Policy Banks Feel the Squeeze From Bond Rout
A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
China Commences Crackdown on Shadow Banking
Chinese regulators introduced major rules on Nov. 17—the scale of which has been compared to the U.S. Dodd-Frank Act—to unify regulations for the asset management industry and curtail shadow banking activities. The rules are broad-based,…
China’s Mammoth Policy Banks Feel the Squeeze From Bond Slide
A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
China: Consolidated Power To Address Financial Risks
The Chinese Communist Party turned a blind eye to financial risks in its pursuit of consolidated power. The party has now achieved consolidated power. Now it’s time for the party to address the risks it…
China tells Australia to butt out of South China Sea dispute
The Asian nation’s pollies urged Australia to stop making “irresponsible remarks” about its actions in the South China Sea. The Turnbull Government released the first detailed document on Australia’s place in the world in 14…
China Busts a $3 Billion Underground Bank as It Tightens Its Grip on Money
BEIJING — The money came from all over China — its wealthy southern and eastern coasts as well as the arid northwest — as thousands of people scrambled to circumvent the country’s strict controls on…
Senate to focus on Tibetan prisoners as Liberals pursue trade with China
OTTAWA — With Prime Minister Justin Trudeau poised to possibly travel to China soon, a Conservative senator plans to shine a spotlight on human rights abuses in its Himalayan region of Tibet. Sen. Dennis Patterson…
How does China need to deepen its financial reform ?
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…
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