SEJONG, South Korea China is suspected to be taking indirect action against South Korea’s decision last year to deploy a U.S. anti-missile system, South Korea’s finance minister said. China worries that the U.S. Terminal High…
Tagged By financials
China's central bank urges rational investment in bitcoin
China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office of…
China central bank urges rational investment in bitcoin
BEIJING China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office…
UPDATE 1-China watchdog to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator have issued guidelines aimed at strengthening governance at the country’s emerging private banks in the latest move by regulators to beef up risk management among financial services firms. The…
Chinese fake bank founders jailed for swindling
The story shocked many in China – already used to fake food and product scandals – when it first came out. Many commented on the crime’s audacity and the fact that the “bank” was able…
Apple pulls New York Times app from its China store – acting on Beijing’s orders
Apple has removed the New York Times app from its digital store in China, acting on what it says were orders from the Chinese government. The news underlines how American information technology companies are being…
China's choices narrowing as it burns through FX reserves to support yuan
China stepped into both its onshore and offshore yuan markets … As recently as last week, authorities introduced requirements for financial institutions to report all single domestic and overseas cash transactions of more than 50,000…
China state arms maker pledges 'mixed ownership' reforms
SHANGHAI (Reuters) – The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a “mixed ownership” model as part of China’s ambitious reform programme for state-owned enterprises (SOEs), the company…
Power Corporation acquires an additional 3.9% interest in China Asset Management Co., Ltd.
China AMC is an affiliate of CITIC Group Corporation Ltd., China’s largest conglomerate, with which Power Corporation has had an association since 1986. Mackenzie Financial Corporation (Mackenzie Investments), an indirect subsidiary of Power Corporation ……
Shadow banking and Chinese bonds are dangerous mix
BEIJING (Reuters Breakingviews … trust companies and asset managers. Such non-bank financial institutions held $3.7 trillion in loans as of November, according to central bank data. The non-bank financial sector is overseen by a host…
China's banking regulator to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator on Thursday issued guidelines aimed at strengthening governance at the country’s emerging private banks, the latest move by regulators to beef up risk management among financial services firms. The…
'China's Growing Influence On Asian Financial Markets'
Today we are pleased to present a guest contribution written by Serkan Arslanalp, senior economist at the IMF. This post is based on the paper by the same title, co-authored with Wei Liao, Shi Piao,…
China’s Credit Engine Is Running Out of Gas
The People’s Bank of China faces a reckoning after revving its credit engine for years. Three conditions suggest traditional financing and shadow banking are due to cool: Restrictions on property markets are poised to start…
