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…
Tagged By financials
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…
China's Big Five banks to set up AMCs for debt-for-equity swaps: Caixin
BEIJING China’s five biggest state-owned banks are to set up asset management companies (AMCs) to undertake debt-for-equity swaps, the financial publisher Caixin reported on Wednesday. The five state-run banks are Industrial and Commercial Bank of…
As Trump disses TPP, China says to 'play role' in Asia-Pacific integration
BEIJING (Reuters) – China will “play its role” in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact.…
Issues in China have not gone away: Expert
China will heat up again as domestic debt problems and trade policy changes expected by president-elect Donald Trump come into sharper focus, says Charlene Chu at Autonomous Research Asia. ( read original story …)
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