Nathan Sheets, the Under Secretary of the Treasury for International Affairs, said that China’s non-financial corporate sector debt – at about 145 percent of gross domestic product (GDP)- is among the highest for major economies,…
Tagged By financials
China’s internet finance revolution
Internet finance may be a new development in China but its impact is now everywhere. Peking University has developed an index which measures the growth and structure of internet finance across China. It records that…
China trainmaker CRRC to build more plants abroad in expansion plan: China Daily
SHANGHAI (Reuters) – Chinese trainmaker CRRC plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on…
China’s Securities Czar Takes Aim at New-Money Barbarians
Some of China’s better-known and better-run companies have seen outsiders swoop in to amass significant stakes. Raising eyebrows among the financial community are firms like Anbang Insurance Group and Baoneng Group, a property and insurance…
Financial wizardry alone won’t stave off a Chinese debt crisis
China’s debt is beyond worrying … both politically and economically and will likely result in slower growth and great volatility in the financial markets. The debt-for-equity swap program is a temporary measure where a real…
Market bears smell blood as China scrambles to plug capital outflows
China’s Vice Finance Minister Zhu Guangyao was quoted on Saturday as saying policymakers were watching capital outflows closely. Bank of China, the country’s biggest currency trading bank, has begun to sharply limit corporate customers’ ability…
China's liquidity flood stirs debt fears
The current tussle to ward off a financial crisis pits the world’s most powerful authoritarian system against the propensity of money to resist control as it seeps and flows like water through unattended apertures. China’s…
Can the internet revolutionise finance in China?
Internet finance in China has developed rapidly over the past several years. Internet finance embraces a huge range of activities, including third-party payment, online lending, direct sales of funds, crowd-funding, online insurance and banking and…
No price like home: Big spenders reappear in China
“Some brands price their products in China closer to the overseas markets, such as Chanel,” said Emma Yu, a 32-year-old housewife exiting a Cartier store while shopping for a handbag in Shanghai’s financial district. “If…
Chinese policymakers closely watching capital flows, market changes: Finance minister official
BEIJING China’s policymakers are closely watching market changes and capital flows, vice Finance Minister Zhu Guangyao was quoted as saying on Saturday. Zhu said that China will “unswervingly” push forward reforms including the internationalization of…
China securities regulator chairman condemns "barbaric" company buy-outs by asset managers
Liu said China’s capital markets had seen a series of “abnormal phenomena” lately, challenging the bottom line of China’s financial law and regulations. “That is not financial innovation,” Liu said. In a commentary responding to…
Kenya says China's Exim Bank may finance $4.9 billion rail link with Uganda
NAIROBI China’s Exim Bank has expressed interest in financing the third section of Kenya’s planned rail link with Uganda at an estimated cost of $4.9 billion, a senior Kenya Railways official said on Friday. China…
China aims to boost equity funding with national investment standard – central bank official
BEIJING (Reuters) – China aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People’s Bank of China (PBOC) said on…
