U.S. President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday.…
Tagged By financials
China’s Tallest Building Resolves Issues That Delayed Opening
China’s tallest skyscraper, said it has resolved fire-safety issues that have delayed its full opening for 18 months. Fire inspections have been completed for all of the 632-meter (2,074-foot) building, located in Shanghai’s Lujiazui financial…
China's smoggiest city closes schools amid public anger
China’s smoggiest city closes schools as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children’s health. ( read original story…
China's drone seizure was a 'test' for Trump
China’s recent seizure of a U.S Navy underwater drone may have been an early political test for U.S. president-elect Donald Trump. On Saturday, China’s Defense Ministry released a statement announcing that its military had come…
Meet Latest China Finance Scare, Entrusted Bonds: QuickTake Q&A
There’s another Chinese financial practice that’s prompting high-decibel warnings. So-called entrusted bond holdings are a way for financial institutions to skirt rules on using borrowed money to invest in bonds. How? By getting a third…
China to set communication standard for driverless cars after 2018: industry official
BEIJING (Reuters) – China will revisit in 2018 the standards for vehicle-to-vehicle communication that are vital for driverless cars and lay out a common national standard after that, the chief of the Society of Automotive…
Trump picks China hawk to lead new White House trade council
WASHINGTON — In another sign that he intends to shake up relations with China, President-elect Donald Trump named economist Peter Navarro to lead a newly created White House council on trade. The University of California-Irvine…
Critics Point To Flaws In China’s SME Loan Rules
Reports by South China Morning Post on Tuesday (Dec. 20) said the China Banking Regulatory Commission’s efforts, which began two years ago, may be too strict as some industry stakeholders debate whether the regulations are…
China tightens financial oversight on military after scandals
BEIJING China’s military will tighten financial oversight with revised auditing rules coming into effect from Jan. 1, meaning all the armed force’s financial dealings will have to be audited, the Defence Ministry said on Wednesday…
To Problems With China’s Financial System, Add the Bond Market
SHANGHAI — Chinese officials cheered on the country’s stock market when it reached heady new highs, offering hope that it could become a new source of money to fix China’s economic problems. Then, last year,…
China stocks fall on liquidity stress, Hong Kong also down
China’s central bank said on late Monday it would tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs), widely viewed as a source of financial risk, into its risk-assessment framework…
A Primer On Chinese Financial Data Quality
There are empirical measures for assessing the quality of financial data. A specific set of institutional arrangements disincentivizes China’s market participants from producing, disclosing, and demanding high-quality financial information. Understanding … ( read original story…
China to include off-balance sheet wealth products in risk assessment – sources
The People’s Bank of China (PBOC) will include WMPs in macro-prudential assessments starting in the first quarter of 2017, the sources said, potentially requiring banks to put aside more capital. The PBOC also urged financial…
