The case file, he said, was sealed by the court so the bank could not comment on it. FALL FROM GRACE By the time of his arrest, Gao had become a prominent philanthropist. He had…
Tagged By finance
China’s crackdown on its own companies has nothing to do with their financial health, economist says
China is trying to block companies from moving money out of the country and borrowing too much, but that crackdown has a lot more to do with politics than economics, an independent economist said Tuesday.…
Predicting China’s endgame: financial crisis, lost decade or soft landing?
Rising economic imbalances and persistent growth slowdown have made China a major concern for investors in recent years. Such concern has been propagated globally by the liberalisation of the country’s capital account and financial markets.…
US plans trade probe over China’s demands for tech transfers
BEIJING — President Donald Trump’s administration is considering using rarely invoked U.S. trade laws to fend off China’s demands that foreign companies share their technology in return for access to the country’s vast market, a…
The immigrant success story that led police to a Chinese banking giant
The case file, he said, was sealed by the court so the bank could not comment on it. By the time of his arrest, Gao had become a prominent philanthropist. He had opened art galleries…
RPT-SPECIAL REPORT-How China’s biggest bank became ensnared in a sprawling money laundering probe
The bank said it had strengthened its internal checks and that the settling of the case did “not imply any admission of guilt.” For European countries, meanwhile, the investigations pose the risk of diplomatic conflict…
New chiefs at China’s top banks signal further reshuffles ahead
Chen Siqing (陳四清), previously Bank of China’s president … an economics professor at the Beijing Institute of Technology. ”The leadership wants to install people that they can trust to clean the troublesome financial industry.“ (…
How the Madrid branch of China’s ICBC bank ran a massive money laundering scheme
The bank said it had strengthened its internal checks and that the settling of the case did “not imply any admission of guilt”. For European countries, meanwhile, the investigations pose the risk of diplomatic conflict…
LeEco and Founder Jia Yueting Hit With More Frozen Assets
(Beijing) — China’s cash-strapped tech giant LeEco suffered another blow as a Beijing court backed China Construction Bank’s request to freeze 250 million yuan of assets owned by Leshi Internet Information & Technology Corp., LeEco’s…
China’s strategy in the South China Sea involves military force and economics
In the Philippines, meanwhile, Reed Bank is needed to replace the primary source currently … Hanoi is wary of having nationalist political forces push it into an unwanted confrontation with Beijing. Fresh on Hanoi’s mind…
Time right to loosen controls on yuan-dollar exchange rate, says China state-run paper
China’s central bank efforts to defeat those who bet on a big slump in the yuan, while successful at face value, have also invited suspicions over whether Beijing is peddling back on its market-oriented liberalisation…
China central bank finds 40 banks in violation of interbank rules: Caixin
BEIJING (Reuters) – China’s central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on Tuesday,…
China central bank to ensure smooth, orderly deleveraging, assistant governor says
BEIJING (Reuters) – China’s central bank will continue to force financial institutions to cut debt but ensure the process is smooth and orderly to limit its impact on market liquidity, an assistant central bank governor…
ADVERTISEMENT
