Anbang seizure shows China’s resolve for financial stability

BEIJING/SHANGHAI -- China's de-facto takeover of Anbang Insurance Group shows the government will take any steps necessary to stave off shocks to the financial system, suggesting even tougher times await financial conglomerates with massive overseas ... ( read original story ...)

China’s central bank continues to inject liquidity into market

BEIJING, Feb. 23 (Xinhua) -- The People's Bank of China, the country's central bank, pumped 230 billion yuan (about 36 billion U.S. dollars) into the financial system through open market operations Friday. The operations will help offset factors such as ... ( read original story ...)

Russia’s central bank gold hoard is now bigger than China’s

Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the U.S. The Bank of Russia in January increased its holdings by almost 20 metric tons to 1,857 tons ... ( read original story ...)

China tries to bring order to sprawling online finance sector

SHANGHAI -- China's 1.2 trillion yuan ($189 billion) internet finance industry has reached a turning point as regulators tighten regulations after one too many cases of bankruptcy and fraud. Some analysts are predicting a shakeout in the sector, which has ... ( read original story ...)