BEIJING: China will replenish the capital for smaller banks and reduce the number of high-risk financial institutions, Sun Tianqi, an official at the central bank, said on Wednesday (Jul 13).
Tagged By finance
China growth slumps on virus lockdowns, real estate woes: poll
Leaders of the world’s second-biggest economy remain firmly wedded to a zero-COVID approach of stamping out clusters as they emerge, but the fallout has sapped growth and is pushing policymakers’ …
China Attacks Protestors Trying to Get Money Out of Frozen Bank Accounts
Protestors gathered at a major bank in China on Sunday, looking to reclaim government-frozen personal funds — only to face brutality by security forces.
China’s Banking Regulator Promises to Compensate Depositors After Violent Protests
At least four banks in Henan province froze client accounts, provoking arrests and violent unrest from worried citizens.
U.S. Treasury diplomat nominee aims to curb China’s lending influence
The nominee for the U.S. Treasury’s top economic diplomacy job said on Tuesday he wants to limit China’s growing global lending influence by working with international financial institutions and …
China – Upswings And Implications
The negative differential between government bond yields in China and the U.S. narrowed a bit lately and can decline further if the current growth trends persist. Low inflation in China helped to keep …
Researchers just gave developing nations a scientific basis for legal action against US, China for climate damages
A new study shows the US and China — the two biggest contributors to the climate crisis — individually caused global economic losses of more than $1.8 trillion each between 1990 and 2014.
China’s Henan bank customers face harassment, job loss over protests
While it is unclear whether the Henan bank troubles have wider ramifications, China’s thousands of small and midsized lenders are crucial to the domestic financial sector …
Bank customers demanding their money back staged China’s largest protest in years. The violent episode is the ‘tip of the iceberg’ of China’s looming banking crisis
A crackdown on bloated developers like Evergrande is likely to trickle down to local banks and customers who want to protect their life savings.
China bank customers to get deposits back after protests
Financial regulators in central China’s Henan and Anhui provinces have promised to give some bank customers some of their deposits back after they staged protests over having their accounts frozen …
Temasek’s shrinking China holdings don’t mean it’s leaving
to a limited extent – then it would not be a surprise to see China regain some of its lost ground in the Temasek portfolio. How about the world at large? Temasek was characteristically active…
China banking woes mount as growth slows and more lockdowns loom
In 2021, authorities reckon there were five runs at small mainland banks – proof that even China’s capable financial regulators cannot fight new fires fast enough. After the initial Covid shock, …
China to Repay Bank Scam Victims After Protests Turn Violent
according to statements by local branches of the China Banking and Insurance Regulatory Commission. Individuals with deposits of up to 50,000 yuan ($7,400) will be repaid first, with arrangements …
