China central bank to keep liquidity ample, curb asset bubbles

BEIJING (Reuters) - China's central bank said on Tuesday that it will maintain ample liquidity in the country's financial system while taking steps to prevent asset bubbles in an increasingly leveraged economy. In its third-quarter monetary policy ... ( read original story ...)

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 ...)