The move comes amid a wider crackdown by Beijing on debt-backed investments overseas, and opaque, shadow banking-linked wealth management products at home that have been repackaged for use in overseas funds. Under the plan, the…
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Before China can remove implicit guarantees from financial system it must take these steps, says IMF
In China, many retail investors assume that if they lose money on their investments, the bank that sold these to them should cover the losses, while the banks themselves assume that loss-making state-owned enterprises will…
China’s Banks Are Improving (Sort Of)
The People’s Bank of China — which extended $273 billion to banks in 2017 — at least seems to recognize the scale of the problem. Banks, for their part, need to avoid seeing these injections…
China’s date with real financial deleveraging will have to wait
With a sharp cyclical rebound in 2017 and ahead of the 19th Party Congress, Xi Jinping’s government initiated assertive financial regulation, as well as greater party control over the operational management of enterprises and the…
Trump’s anti-China sentiment ‘detrimental’ to world, Baidu president says
Trump’s government failed to approve Alibaba (NYSE: BABA) affiliate Ant Financial’s acquisition of MoneyGram , while AT&T (NYSE: T) (WEF) in Davos, Switzerland, Zhang criticized the anti-China sentiment. “I am concerned,” he said. “And you…
China’s $15-trillion shadow banking bares cracks
BEIJING/SHANGHAI — Strains are spreading in China’s $15-trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels. Most affected are some $3.8 trillion of so-called…
China’s ExIm Bank commits $4bn in push beyond infrastructure
Export-Import Bank of China is releasing a $4bn wave of private equity capital that will broaden the state-controlled overseas investor’s scope beyond infrastructure as it seeks to compete with global funds for diversified assets. In…
Chinese media told to tone down coverage of giant firms’ debt, finance woes
China’s banking regulator orders loan checks on Wanda … The Chinese leadership under President Xi Jinping has made bringing financial risks under control – including high levels of corporate debt – a top priority. The…
China does not control AIIB, says bank chief
The Asian Infrastructure Investment Bank (AIIB) was not created to finance China’s New Silk Road trade project nor does Beijing control its decision-making, the bank’s chief said on Monday. Speaking at an event in Brussels…
BRIEF-China Development Financial Holding unit disposes stake in Chipbond Technology for T$308.9 mln
* Says its unit CDIB Capital Group disposed 5 million shares of Chipbond Technology Corp, at the average price of about T$61.78 per share, for T$308.9 million in total ( read original story …)
Rogoff: China is the top candidate for being at the center of the next big financial crisis
Below is a new interview with Ken Rogoff, published in today’s issue of the Swiss Business newspaper Finanz und Wirtschaft by editor Christoph Gisiger. Excerpts from the interview re-printed with permission Get the entire 10-part…
Reform vital for China’s financial market to flourish
If China is to become a global powerhouse in the new era, an important indicator that cannot be bypassed is its international financial status. A great country should have an open and highly marketized financial…
Davos 2018: China vows to save world from 2008-like economic crash to avert chain reaction
the deputy chief of the China Regulatory Securities Commission and a key architect of policy, hit back at those he accused of trying to make money from a suspected crash. He said the Chinese banking…
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