In comments that signaled China’s policy makers may step up efforts to curb debt and fraud amid a crackdown by regulators, President Xi Jinping called financial security the basis of a stable, healthy economy. Maintaining…
Tagged By financials
Mobius Praises China Crackdown as Bulls Swallow Market Pain
China’s escalating campaign to clean up its financial system is winning plaudits from some of the world’s biggest investors. Templeton Emerging Markets Group and Fidelity International are among money managers who’ve endorsed a raft of…
Xi Jinping orders China’s financial watchdogs to watch out for risks
In an unusual move, President Xi Jinping on Wednesday summoned the country’s finance industry watchdogs and ordered them to take stock of financial risks and uphold regulatory vigilance, reflecting his deep concern about dangers facing…
China to push yuan internationalization, free trade: central bank official
BEIJING China will continue to push forward the internationalization … for yuan internationalization by achieving stable economic growth while maintaining financial stability, according to a notice on the central bank website. But the process will…
Xi stresses financial security
President Xi Jinping has called for concrete efforts to maintain China’s financial security. Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the remarks Tuesday afternoon at a group study…
China right to be cautious on capital flows, says RBA's Philip Lowe
“Short-term controls arguably can have a positive effect on financial stability in China by reducing the risk of a disorderly currency adjustment and pressures in Chinese financial markets. “But there is a balance to be…
China stocks end higher, small caps bolster sentiment
“But it will make 2017 a difficult year to make money in Chinese financial markets, in our view. On the positive side, lower China macro risk is positive for risk assets globally.” Most sectors gained…
How important is the China ABS market to Volkswagen Financial Services?
Volkswagen Financial Services demonstrated the importance of the renminbi bond market in the company’s growth strategy with another fund-raising exercise amounting to 4 billion yuan (US$580 million). The three-year asset-backed securities (ABS) deal … (…
China's Financial Crackdown Wins Backing From Mobius to Fidelity
China’s escalating campaign to clean up its financial system is winning plaudits from some of the world’s biggest investors. Templeton Emerging Markets Group and Fidelity International are among money managers who’ve endorsed a raft of…
China banks miss out on US investment banking bonanza
What is holding the banks back is the way Beijing controls the top lenders to manage the supply of credit to the Chinese economy. Industrial and Commercial Bank of China, Bank of China, Agricultural Bank…
Blame Washington not Beijing for problems opening a bank account
What do Ai Weiwei, Joshua Wong Chi-fung and Agnes Chow Ting have in common? It’s funny how political agitators like to round on poor HSBC and claim persecution when they can’t open a bank account…
China's President Xi calls for increased efforts to maintain financial security: Xinhua
BEIJING Chinese President Xi Jinping called on Tuesday for increased efforts to ward off systemic risks to help maintain financial security, the official Xinhua news agency said. The country’s leaders have pledged to shift the…
China banks miss out on U.S. investment banking bonanza
NEW YORK As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent – Chinese banks. Despite their deep ties…
