Financial risk stemming from ambitious outbound investments will go under the microscope at a key financial policy meeting in Beijing in the middle of this month, sources close to the government told the South China…
Tagged By financials
China May Give Central Bank Key Role in Financial Oversight
China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk in the sector, people familiar with the discussions said. The move,…
Banking reform in China: Too little, too late?
China’s economic expansion requires a responsive and responsible banking system to keep money flowing. This means financial reform in how China does business or else face severe financial implications having global consequences. China’s economy has…
China Rapid Finance Exceeds 20 Million Cumulative Loan Milestone
SHANGHAI, July 10, 2017 /PRNewswire/ China Rapid Finance Limited (“China Rapid Finance” or the “Company”) (NYSE: XRF), a leading online consumer lending marketplace, today announced that it has achieved a new milestone of 20 million…
China Rapid Finance: 20 Million in Cumulative Loans Facilitated Since Marketplace Lending Platform Inception
China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace…
How one city’s borrowing practice highlights China’s daunting financial risks
China’s finance ministry was technically correct when it reacted to a sovereign debt rating downgrade in May by saying the debts of local government financing vehicles (LGFVs) and state-owned enterprises would not swell the government’s…
China’s Bond Trading Takes on a New Twist
On a recent morning in Shanghai’s Lujiazui financial district, Xiong Yun’s eyes darted around the four computer screens at his desk, scanning activity in China’s bond and futures markets. Staring at the matrix of numbers,…
Stripe strikes global partnerships with China’s Alipay, WeChat Pay
Stripe hopes the integration will help boost its revenues by allowing clients to tap China’s vast consumer market, where credit cards account for only a fraction of online spending, the company said. Alipay is the…
What South Korea’s 1997 Meltdown Can Teach China in 2017
In China an authoritarian regime has sacrificed financial rationality to prop up the unsustainable growth rates that give the Communist Party its legitimacy. What China really requires is the state’s withdrawal from the economy, to…
Crown judgment reveals casino group’s $875m China windfall
Mr Scott said a casino’s theoretical win rate was around 2.5 per cent of rolling chips, which meant mainland China generated $875 million in VIP revenue for the casino group last financial year, based on…
China takes firm stance on deleveraging
China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy. The People’s Bank of China (PBOC) increased cash injections early…
China was the real victor of Asia’s financial crisis
So, who won: Mahathir Mohamad or George Soros? The venomous argument between the Malaysian leader and the US fund manager during the Asian financial crisis 20 years ago symbolised the fury of those times. It…
Trade with China offers clues to North Korea’s economic health
However, China turned away North Korean ships in April … A Chinese trader interviewed in Dandong, the border city that handles most trade with North Korea, told the Financial Times he carefully checked “shopping lists”…
