China is emerging as an unequivocal driver of global climate change mitigation, sustainability and green finance, as its representatives forcefully communicated during a recent U.N. climate change conference in Morocco. The talks in Marrakech, which…
Tagged By financials
Former finance minister urges supply-side reform
China’s former finance minister has stressed the need to press ahead with structural reform on the supply side to fend off corruption and low efficiency during the transformation process. “As a key driver of global…
China’s Debt Bubble: Why the Bears Are Wrong
This is not to deny China’s financial risk. But the concerns should lie somewhere else in the system rather than in a systemic blow-up. Despite its high debt level, China’s financial risk is still localised…
China central bank warns against outflows via Shanghai FTZ disguised as investment: sources
SHANGHAI China’s central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai Free Trade Zone (FTZ) disguised as foreign investment, two sources with knowledge of the instructions said on…
The murky beginnings of a new Canadian bank
… principal investor in Wealth One Bank of Canada misrepresented his credentials on the bank’s website, claiming he was a senior ranking member of China’s legislature and an advisory body to that country’s leaders. Wealth…
How Donald Trump, debt and slowing construction industry threatens China’s economy
Stratfor, which successfully predicted Europe’s inability to cope with the global financial crisis and the US-jihadi war, warn several factors will impact heavily on Beijing’s economic stability over the next 12 months. In, China’s Economy…
Death toll in China power plant accident climbs to 74
BEIJING (Reuters) – The death toll in the collapse of a platform under construction at a power plant in eastern China has rise to 74, with two others injured, as China’s chief safety inspector arrived…
China to probe illegal expansion in coal, steel sectors
It added that China would unveil financial incentives for regions currently trying to deal with overcapacity, and would provide more support when it comes to re-employing laid-off workers. The notice summarized the proceedings of a…
How Canada can get freer trade with China now, without waiting years for a free-trade deal
The specific sectors should be identified by senior officials of both countries working within the new Financial and Strategic Dialogue context that was agreed by China and Canada in September. A clear set of principles…
China banking regulator wrestles with $2.9 trillion off-balance sheet WMPs
BEIJING China’s banking regulator may be getting serious about how lenders provision for the more than 20 trillion yuan ($2.9 trillion) of wealth management products (WMPs) that have been issued as non-guaranteed off-balance sheet liabilities.…
China Finance Online Co. (JRJC) Cut to “Hold” at TheStreet
China Finance Online Co. (NASDAQ:JRJC) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Tuesday. Shares of China Finance Online (NASDAQ:JRJC) traded up…
China will defend WTO rights if Trump moves on tariffs: official
WASHINGTON (Reuters) – China will defend its rights under World Trade Organization tariff rules if U.S. President-elect Donald Trump moves toward executing his campaign threats to levy punitive duties on goods made in China, a…
Cooling growth pulls China's yuan down to third place in global trade finance: SWIFT
HONG KONG China’s yuan slipped one place to the third most-active currency for global trade finance, overtaken by the euro, partly due to slowing growth in the world’s second-biggest economy, global transaction service provider SWIFT…
