In its new annual financial stability report, China’s central bank has again sounded the alarm that “grey rhino” risks — clear and present dangers that are often neglected — continue to threaten the e… (…
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China October loan data disappoints, points to further slowing in economy
BEIJING (Reuters) – China’s credit growth slowed sharply in … limited as Beijing remains concerned about controlling debt and financial risks, which were fuelled by past spending binges. ( read original story …)
China’s Liu and Mnuchin Talk Trade for the First Time in Months
The conversation didn’t yield any concrete results, the people said. The Hong Kong-based South China Morning Post reported Tuesday that Liu was “expected” to visit Washington shortly. The Wall Street … ( read original story…
What’s a Private Company? China Banks Grapple With New Rules
The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, with the ratio g… ( read…
PINTEC Partners with Beijing EVERCARE on Installment Financing
BEIJING, Nov. 12, 2018 /PRNewswire/ — Pintec Technology Holdings Ltd. (“PINTEC”;NASDAQ: PT), a leading independent technology platform enabling financial services in China, today announced that it ha… ( read original story …)
What’s a Private Company? China Banks Grapple With Lending Rules
The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, a missive that s… ( read…
China won’t set targets for individual banks’ loans to private firms: state media
BEIJING (Reuters) – China will not set specific targets for each bank on how much loans should be given to private firms, and banks’ credit assessment standards will not be compromised, state-owned Ch… ( read…
China’s Xi Jinping revives Maoist call for ‘self-reliance’
Even as Mr Xi has sought to position China as a champion of globalisation amid the US retreat into protectionism, the call for “self-reliance” highlights how Mr Xi is also advocating mercantilist poli… ( read…
How’s China’s Opening to the Financial Sector Going?
Last year, China pledged to allow overseas financial firms greater access to the world’s second-largest economy. Then came the trade war with the U.S., raising concerns that President Xi Jinping could … ( read original…
China developers face $55bn of maturing onshore debt in 2019
China’s property market is a bedrock for growth and economists fear that signs of distress in developer debt would send ripples through the financial system just as other problems are mounting. China’ … ( read…
People’s Bank of China warns of downward pressure on economy
… economy was facing downward pressure in the central bank’s most recent update of its monetary policy implementation report, Reuters reported. Increasingly, public concerns from Beijing’s financial … ( read original story …)
China’s annual shopping frenzy shatters another record
SHANGHAI — Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. … (…
Trade war, market drag creating opportunities in China, CPPIB chief says
“Our teams are busy,” Machin told the Financial Post on Friday in a phone interview during his latest trip to China. “I think given the softening markets in China and related markets … ( read…
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