China’s efforts to rigorously reform and continue opening up of its financial sector will contribute to global efforts to contain risks, said analysts. Against the backdrop of weak recovery from the financial crisis and policy…
Tagged By finance
China central bank to coordinate work of new financial oversight body
BEIJING (Reuters) – China’s powerful central bank will be in charge of coordinating a new financial oversight body mandated by President Xi Jinping to get the country’s often siloed regulators to work together to contain…
Beijing Capital Land proposes bond via Beijing Financial Assets Exchange
HONG KONG, July 17 (Reuters) – Beijing Capital Land Ltd plans to list a bond worth up to 2 billion yuan ($296 million) on the Beijing Financial Assets Exchange (CFAE), a refinancing route that is…
China central bank says will strengthen coordination of financial regulation
BEIJING (Reuters) – China’s central bank said on Tuesday that it will strengthen the coordination of financial regulation across different agencies, following a once-in-five-years top level financial work meeting on the weekend. The central bank…
China c.bank to host office for financial supervisory body
BEIJING (Reuters) – China’s powerful central bank said it will host an office for a new financial oversight body personally mandated by President Xi Jinping to coordinate the country’s often siloed regulators in an increasingly…
China’s banking regulator stresses risk prevention after key meeting
China’s top banking regulator said Monday it will place more priority on proactively preventing and defusing financial risks. The China Banking Regulatory Commission (CBRC) said in a statement it will focus on guarding against risks…
China’s new financial watchdog has work cut out for it
Nine years after the fall of the US-based Lehman Brothers bank in 2008, which triggered a global financial crisis, China has a shield against its own Lehman moment: a financial stability committee. While details of…
China bank watchdog to tighten risk control amid regulatory shake-up
SHANGHAI (Reuters) – China’s banking regulator will tighten control over risks in the financial markets, work more closely with the central bank and other regulators, and “resolutely follow” the leadership of a newly-formed financial stability…
Five Takeaways From China’s Weekend Meeting on Financial Regulation
For investors, possibly the most important thing that happened in China during the weekend was a closed-door conference on regulation that could set the scene for the financial sector’s next five years. Many details remain…
China central bank told by Xi to play bigger role in managing financial risk
BEIJING/SHANGHAI (Reuters) – China’s central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that…
China to Set Up Cabinet-Level Committee for Financial Oversight
(Beijing) — China will set up a financial stability committee under the State Council, the cabinet, to strengthen supervision and coordinate regulation of the financial sector, President Xi Jinping said at a high-level policy meeting…
China to Set Up Cabinet-Level Committee to Coordinate Financial Regulation
BEIJING—President Xi Jinping announced the setup of a cabinet-level committee to coordinate China’s financial regulation at a high-level meeting that ended Saturday, as Beijing focuses on keeping risks at bay ahead of a twice-a-decade leadership…
Chinese Finance Meeting’s Meager Results Reflect Nation’s Dilemmas
SHANGHAI — China’s top leaders have gathered every five years since 1997 for a National Financial Work Conference. At past gatherings, they have created entire regulatory agencies and rearranged the rules for huge markets, almost…
