An advisor with the People’s Bank of China (PBOC) said the central bank will continue to implement reasonable adjustments to monetary policy. “If it went tight, it would be loosened a bit. The central bank…
Tagged By financials
BANK OF CHINA : COMES TO PAKISTAN
State Bank of Pakistan (SBP) has issued a banking license to the Bank of China. The Bank will commence its business in branch mode after meeting other regulatory requirements, which is yet another stride towards…
China Merchants Bank : Vanke to Set up Investment Funds With Merchants Bank
China Vanke Co. (2202.HK) has agreed to set up two investments funds with units of China Merchants Bank Co. (>> China Merchants Bank Co., Ltd) for consolidating the commercial properties of the Chinese real-estate developer.…
China faces financial crisis within a decade Gavekal Dragonomics
A global investment house has warned that China faces a financial crisis within the next decade as government and private debt rise to unsustainable levels. Anatole Kaletsky is chief economist and co-chairman at Hong Kong-based…
China’s financial reform fraught with risks
China’s concerted effort to slash financial leverage and clean up its messy yuan 76 trillion ($14.8 trillion) shadow banking sector is fraught with political and economic risks. There is a real danger that the aggressive…
China Bank woos RCBC for merger talks
Multiple industry sources said China Bank has initiated merger talks with the Yuchengco-owned RCBC – the bank used as a conduit for the $81-million fund hacked from Bangladesh Bank to Philippine casinos last year –…
China’s Financial Sector Clamps Down On Wealth Management Products
The growing risks in China’s financial sector have long been a hot topic on Wall Street, but until recently, the country’s policymakers have been willing to overlook these risks as growth has blossomed. Now, however,…
China's going to have to tighten its belt if it wants OBOR to be a success. Read why
China’s just-completed conference touting its Belt and Road initiative certainly looked like a triumph, with Russian President Vladimir Putin playing the piano and Chinese leaders announcing a string of potential deals and massive financial pledges.…
'Dr Doom' highlights global financial risks
Veteran expert says China can learn from the mistakes of Western economies as it plays an increasingly influential role Chinese financial institutions should become increasingly aware of global financial market risks and learn from the…
Analysis: How China’s shadow banking crackdown will help clear the skies
China’s overdependence on heavy industry and construction is not only an environmental hazard — it’s a massive financial risk. If there’s one certainty in China it’s this: Just when you think you have something figured…
China central bank says detects no cases of ransomware infection
BEIJING China’s central bank said on Friday it had not detected any cases of infection by the recent global ransomware attack, but was monitoring the situation and would take timely and urgent action. In an…
How China is banking on infrastructure to become the next USA
The American obsession with President Donald Trump and the investigation into untoward Russian influence is distracting us from China’s bid to displace the US when it comes to global leadership. The latest major step is…
China's confused market strategy reveals old flaws
In February the normally soft-spoken Liu Shiyu, chairman of the China Securities Regulatory Commission, attacked financiers he called “giant crocodiles”. The next month Guo Shuqing, the newly appointed head of the bank watchdog, said he…
