China’s financial system was facing higher risk than that of the US before the global economic turmoil a decade ago, former finance minister Lou Jiwei has said. China’s financial system had become “severely distorted”, Lou…
Tagged By finance
Financial risk facing China worse than in US before global crash, former finance minister says
The level of risk facing China’s financial system could be higher than was seen in the United States before the global crash, according to a former Chinese finance minister. Speaking at a forum in Beijing…
China takes tougher line on financial risks
A century-old Chinese bank became the latest target of a tightening financial clean-up in the world’s second largest economy. China’s banking regulator has fined Postal Savings Bank of China (PSBC), along with 11 other related…
Trump team idea to nationalize 5G network to counter China is rejected
WASHINGTON (Reuters) – The top U.S. communications regulator, wireless companies and some lawmakers oppose an idea by members of President Donald Trump’s national security team for the government to build a 5G wireless network to…
Hexindai Attends 13th Beijing International Finance Expo
BEIJING, Jan. 29, 2018 – Hexindai Inc. (NASDAQ: HX) (“Hexindai” or the “Company”), a fast-growing consumer lending marketplace in China, today announced that it attended the 13 th Beijing International Finance Expo which was held from…
China to consider shadow banking in macro-prudential review: central bank vice governor
according to China Finance, a publication under the People’s Bank of China The world’s second-biggest economy still has problems and hidden dangers as the country’s debt levels are still high while asset bubble risks have…
China Stock Euphoria Enters New Stage
Jan.28 — About a third of China’s H-shares index are racking up fresh one-year highs. It’s the biggest proportion since the 2015 stock bubble. It means that even some of the laggards, such as PetroChina…
A mobile game about a traveling frog is a big hit in China
A free mobile game about a traveling frog has become a hit in China , despite being available only in Japanese. Called “Tabikaeru: Travel Frog,” the main protagonist of the game is a frog that…
China Sees Obstacles to Repairing Ties With Japan as Envoys Meet
More from Bloomberg.com: Casino Mogul Wynn Quits as GOP Finance Chief After Sex Allegations Kono is the first Japanese foreign minister to visit China since April 2016. During the meeting with Wang, he said the…
China fines 12 banks over illegal bill trading, fraud
BEIJING (Reuters) – China’s banking regulator said on Saturday that it had fined 12 Chinese lenders after uncovering illegal trading of 7.9 billion yuan ($1.25 billion) of bank bills. The fraud has “severally disrupted market…
Beijing to further open up financial sector to foreign investment
BEIJING – Beijing welcomes international financial institutions to set up exclusively foreign-owned financial enterprises or financial joint ventures in 2018 to further open up the capital’s financial sectors, according to a government report released at…
Air China to Launch Beijing-Copenhagen Route
Air China Limited (Air China) will begin non-stop flights between Beijing and Copenhagen from May 30. Once the new route is launched, passengers will be able to arrive comfortably in Andersen’s dreamlike fairy tale kingdom…
Beijing mulls over merger of banking, insurance regulators
BEIJING • China is considering a merger of its banking and insurance regulators, people familiar with the matter said, as it seeks to better coordinate its attempts to counter financial risks in the world’s second-largest…
ADVERTISEMENT
