President XI has been cracking down on big companies even as he tries to reshape the economy.
Tagged By financials
China launches new round of graft busting in finance sector
China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings.
China inspects banking regulators in anti-graft campaign
BEIJING: China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist …
China launches sweeping round of inspections on financial institutions
According to people with knowledge of the plan, the inspections, announced in September with few details, focus on whether state-owned banks, …
China to probe ties between financial institutions, regulators and private firms including Alibaba’s Ant
According to people with knowledge of the plan, the inspections, announced in September with few details, focus on whether state-owned banks, …
Chinese net financial assets per capita at $14,258 in 2020: report
The gross financial assets of Chinese households increased 13.6 percent to 25,689 billion euros ($29,689 billion) in 2020, according to the 12th edition of the Allianz Global Wealth Report released by …
China launches anti-graft campaign in finance sector by inspecting banking regulator
China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party …
China Starts Inspection of Financial Regulators, State Banks
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial …
China Developers See More Credit Rating Cuts: Evergrande Update
Chinese property developers are suffering credit rating downgrades at the fastest pace in five years, as a recent slump in new-home sales adds to concerns about the sector’s debt woes. Most Read from …
Beijing Olympics sponsors face a US$110 billion dilemma
For the global consumer giants that sponsor the Olympics, the Beijing Winter Games will be a high-wire act of marketing.
China Starts Inspection on Financial Regulators, State Banks
Chinese authorities are kicking off an inspection of the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years as Beijing steps up …
China’s Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country’s state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on …
The neglected sources of China’s economic resilience
Those who doubt China’s progress emphasize the country’s reliance on Western technology, pointing out that its homegrown tech companies still do not compete with their US counterparts globally. But …
