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Why China’s going all in on gold and India isn’t, says financial adviserChina is reshaping global gold demand with a bold, state-led strategy to reduce reliance on the US dollar and prepare for prolonged economi...- China's top banks to issue offshore loans to help developers repay debtThe regulators have given 'window guidance', or verbal orders that leave no paper trail, to the banks, setting a date of Dec. 10 by which t...
- Some Chinese financiers cold shoulder Beijing's property rescue callWithout explicit financial backstop from Beijing, senior executives at some of the institutions are wary of engaging with cash-strapped dev...
- China stocks rise as dismal GDP data raises stimulus hopes"The retail sales data is better than expectations, and I think the economy is on track for a recovery," said Linus Yip, chief strategist a...
- Cross-border insolvency: MCA proposes exclusion of financial service providers; exempts pre-pack process for MSMEsThe ministry specified that such exclusion is in line with the IBC, where financial service providers are subject to a special insolvency p...
- China encourages mainland insurers to sell catastrophe bonds in Hong KongMainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise fund...
- China bars banks from selling commodities-linked products to retail buyers: SourcesThe China Banking and Insurance Regulatory Commission's (CBIRC's) order to exit these products has not been reported before. It issued the ...
- Inside the race to avert disaster at China’s biggest ‘bad bank’, the Huarong Asset Management CoHuarong Asset Management Co has been in full crisis mode ever since it delayed its 2020 earnings results, eroding investor confidence. Exec...
- Ant Group explores ways for Jack Ma to exit as China piles on pressureOfficials from People's Bank of China (PBOC), and the country's financial regulator held between January and March talks with Jack Ma and A...
- China's Ant explores ways for Jack Ma to exit as Beijing piles pressure: SourcesAnt denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subj...
- IMF lifts China's GDP to 8.4 %, but Gita Gopinath says growth unbalancedThe International Monetary Fund also urged China to address its high corporate debt levels resulting from the easy monetary policy put in p...
- Chinese banks dispose of $467 billion soured assets in 2020, pressure remainsThe non-performing loan ratio of the banking sector was 1.92% at the end of 2020, the Banking and Insurance Regulatory Commission (CBIRC) s...
- China asks all internet platforms to investigate fintech operationsChina's Banking and Insurance Regulatory Commission (CBIRC) urged platforms conducting online micro-lending, insurance, wealth management a...
- China raises equity investment cap for insurers to 45%Investments will be capped at 10% of the total share capital of any single listed company, the regulator added.
- China frees up $56 bln for virus-hit economy by slashing small banks' reserve requirementsThe latest stimulus move comes as the world's second-largest economy looks likely to shrink for the first time in 30 years and hopes for a ...
- China orders disinfection of banknotes in coronavirus fight: ReportChina has told lenders to disinfect and store banknotes in a dry area for 7 days, as part of the battle to contain the contagious coronavir...
- China vows financial stability with markets bracing for selloffChina is in a multi-year effort to contain growth in shadow banking.
- China regulator urges Beijing banks not to force liquidation of pledged shares: YicaiCBIRC has also encouraged banks to further increase lending to listed companies.
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