China’s New Finance Minister Faces a Juggling Act

China’s new finance minister Xiao Jie inherits from his reformist ... to reduce the cost of a record amount of debt run up by provinces after the global financial crisis. But his plans to clamp down on spending ran into opposition as they collided ... ( read original story ...)

Financial risk may be China's gift to next president

Back in 2008, incoming President Barack Obama inherited a US financial crisis that was to some degree made in China. The next US president may well confront a Chinese financial crunch with its origins in the US, as China unwinds the credit imbalances built ... ( read original story ...)

AgBank fine shows China banks still flunking compliance test

BEIJING (Reuters) - Last week's $215 million (173 million pound) fine for Agricultural Bank of China Ltd (AgBank), the third big Chinese bank disciplined by U.S. regulators in 16 months, shows Chinese lenders still falling short in their compliance duties. ( read original story ...)

China intervenes in Hong Kong legal system in boldest move yet

China’s parliament passed an interpretation of Hong Kong ... The scenes on Sunday night were reminiscent of pro-democracy protests in late 2014 that paralyzed parts of the Asian financial centre and posed one of the greatest political challenges ... ( read original story ...)

China just got rid of its finance minister

China just removed a top official who's played an important role in trying to reform the country's debt-laden economy for the past three years. In a one-line statement, the government said Finance Minister Lou Jiwei will be replaced by Xiao Jie, a former ... ( read original story ...)

China’s AgBank Fined $215 Million for Hiding Transactions

China’s third-largest lender tried to obscure the trail of dollar transactions by Russian, Chinese and Middle Eastern clients and attempted to silence a compliance officer who raised alarms about it, according to New York’s banking regulator. ( read original story ...)

China Names New Finance Minister to Replace Veteran Lou Jiwei

China has replaced veteran reformer Lou Jiwei with a new finance minister who’ll be tasked with juggling fiscal stimulus and efforts to rein in excess leverage in the world’s second-largest economy. Xiao Jie, previously a senior aide to Premier Li ... ( read original story ...)

China launches $11 billion fund for Central, Eastern Europe

BEIJING (Reuters) - China has set up a 10 billion euro ($11.15 billion)investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China (Shanghai:601398.SS - News) (HKSE:1398.HK - News) said in a statement issued ... ( read original story ...)