A new working paper from the Bank for International Settlements points to the increasing complexity of China’s shadow banking sector as it undergoes key structural shifts.
China’s cross-border e-commerce trade saw a boom in 2017, with year-on-year growth in turnover of more than 80%.
Forbes contributor Sara Hsu expects China to continue to put pressure on the shadow banking sector and compel lenders to shift assets back on to balance sheets.
China watchers expect the country’s chief delegate to the 2018 World Economic Forum to be anointed as a leading economic policymaker at the upcoming March legislative assemblies.
The Chinese government says it will engage in retaliatory action if the US imposes tariffs against imports of aluminium and steel products.
Heightened regulatory pressure on outbound foreign investment led to a sharp plunge in the overseas acquisitions of Chinese companies in 2017.
China’s insurance regulatory has cautioned the country’s insurance funds against providing covert funding to local governments, amidst a crackdown on regional debt.
Beijing is driving further internationalisation of the renminbi, with HSBC emerging as the first international bank to remit the currency back to China from abroad.
Tokyo-based Bloomberg columnist William Pesek says current head of the Chinese banking regulator Guo Shuqing is the best choice to replace Zhou Xiaochuan as China’s central bank governor given his strong reformist credentials.
Chinese state media says that efforts to grow the home rental market as well as contain housing price growth will be the key focal points for real estate policies in 2018.