If China relaxes foreign ownership limits on financial firms as anticipated, Manulife Financial Corp. is keen to take controlling stakes in operations there, said Don Guloien, chief executive of the Toronto-based insurer, which already has…
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Economic Watch: China's financial regulators keep lid on emergent risks
BEIJING, Feb. 27 (Xinhua) — China’s central bank and regulators for the stock, banking and insurance sectors are in full swing attempting to rein in rising financial risks. The country’s top stock market regulator Sunday…
China’s securities watchdog ‘hard on the digital trail of financial crocodiles’
The head of China’s securities watchdog refused to name names on Sunday as he vowed pursue “barbarians” and “crocodiles” preying on the nation’s financial markets at the expense of retail investors. China Securities Regulatory Commission…
China’s smaller banks vulnerable to shocks as policy makers tighten rules
In recent years China ’s smaller banks have aggressively grown their assets. According to figures published by Katherine Lei, a banking analyst at JP Morgan, in a recent report, between 2012 and 2015 assets at…
China's securities regulator hits at “financial crocodiles”
BEIJING, Feb. 26 (Xinhua) — A Chinese regulator lashed out at “financial crocodiles” that gobbled up retail investors’ interests on the stock market on Sunday, vowing stricter regulation. Some “barbarians” and “crocodiles” hurt retail investors…
China securities regulator to focus on stability, reform
Liu said earlier this month that CSRC would take down law-breaking financial tycoons he called “giant crocodiles”, saying they will not be allowed to take advantage of retail investors. China’s crackdown on illegal market activities…
China summons reformer to tackle banking woes
BEIJING Guo Shuqing, who is stepping down as governor of Shandong province to take control of China’s banking regulator, returns to Beijing at a decisive moment for the country’s financial system following years of breakneck…
Businessman from China investing in Vancouver real estate ordered to repay millions
“There is some financial crime happening in Vancouver in the real estate market.” – China CITIC bank lawyer Christine Duhaime This week, a B.C. Supreme Court judge ruled in favour of upholding the Chinese arbitration…
China names southwestern city's former mayor to top legislative finance panel
BEIJING China’s top legislative body on Friday appointed the former mayor of a key southwestern city as vice chairman of the congressional committee on finance and economics, the official Xinhua news agency said. The standing…
China Names Guo Shuqing, a Rapid-Fire Regulator, to Oversee Troubled Banks
SHANGHAI — Less than four years ago, Guo Shuqing seemed like yet another economic reformer who had tried to bring market-oriented changes to China’s fraud-ridden and heavily politicized financial system only to see his career…
China to tighten oversight of asset management industry – central bank official
BEIJING China will tighten oversight of its sprawling asset management industry as it moves to rein in financial risks, a senior central bank official said in remarks published on Friday. Ruan Jianhong, head of the…
China appoints reformer to head banking regulator: reports
One of China’s top officials most supportive of a free market has returned to Beijing to head the country’s banking industry watchdog, according to media reports, to oversee a huge industry plagued by rising bad…
China Said to Name Reformer Guo as Head of Banking Regulator
China has appointed financial-sector expert Guo Shuqing as the new head of the nation’s banking regulator, according to people familiar with the matter. Guo is replacing Shang Fulin, who is retiring, said the people, asking…
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