Beijing is coming to grips with its Wild West-like financial system—not a moment too soon, many would argue. The jittery market reaction shows just how delicate that operation is going to be. The timing isn’t…
Tagged By financials
BRIEF-China Rongzhong Financial Holdings Co Says HY Net Loss Attributable HK$189.3 Mln
* HY NET LOSS ATTRIBUTABLE TO OWNERS OF COMPANY OF HK$189.3 MILLION VERSUS PROFIT HK$39.1 MILLION Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com) Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China clamping down on vast shadow banking sector
If the latest clampdown on shadow banking proves too destabilizing to the financial markets, Beijing may even undermine its own efforts in order to prevent the social unrest that it fears. ( read original story…
China’s debt is growing at a faster pace despite years of efforts to contain it
Without a comprehensive strategy to tackle the overhang, there is a growing risk China will have a banking crisis or sharply slower growth or both, the International Monetary Fund said last year. China’s central bank…
China treads carefully to tame financial cycles
While the market debates China’s latest round of economic growth, national regulators are focusing on an equally important factor of the economy: financial cycles. In its latest quarterly monetary policy implementation report, the People’s Bank…
Beijing kindergartens get permanent inspectors after abuse scandal – Xinhua
SHANGHAI (Reuters) – Beijing will hire permanent inspectors to provide oversight at every one of its kindergartens following child abuse allegations at a facility run by the New York-listed RYB Education, state news agency Xinhua…
China online finance regulator tells unqualified micro-lenders to stop lending
BEIJING (Reuters) – The National Internet Finance Association of China issued a risk warning letter late on Friday telling “unqualified institutions” to immediately stop offering loans as Beijing steps up a crackdown on the micro-loan…
BRIEF-China Shandong Hi-Speed Financial Group posts HY loss attributable of HK$240.1 million
* HY loss attributable HK$240.1 million versus loss of HK$550.7 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
BRIEF-China Oceanwide International Financial expects a profit for HY
* Expected result mainly due to increase in revenue Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China’s Mammoth Policy Banks Feel the Squeeze From Bond Rout
A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
China Commences Crackdown on Shadow Banking
Chinese regulators introduced major rules on Nov. 17—the scale of which has been compared to the U.S. Dodd-Frank Act—to unify regulations for the asset management industry and curtail shadow banking activities. The rules are broad-based,…
China’s Mammoth Policy Banks Feel the Squeeze From Bond Slide
A $2.2 trillion superbank is feeling the pinch of China’s bond slump. The yield on China Development Bank’s 10-year bonds surged past 5 percent on Wednesday, bringing the rise this quarter to about 70 basis…
China: Consolidated Power To Address Financial Risks
The Chinese Communist Party turned a blind eye to financial risks in its pursuit of consolidated power. The party has now achieved consolidated power. Now it’s time for the party to address the risks it…
