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Monthly Archives: April, 2017

CBRC Flags Crackdown on Wealth Management Products

China's banking regulator has flagged increased scrutiny of the country's wealth management products in the wake of a 3 billion yuan fraud scandal, as...

Bank of Shanghai Shines in First Performance Report Since Listing

The Bank of Shanghai's (601229 SH) first annual report since its mammoth IPO six months ago will please holders of the lender's recently issued A-shares. The Bank...

Ma Yun Calls for Beijing to Let Private Enterprise Take the Lead

One of China's most storied entrepreneurs has called for the Chinese government to give greater play to the role of private enterprise in the national...

Personal Credit Ratings Run Aground on Lack of Qualified Institutions

The inability of domestic financial institutions to satisfy regulatory requirements is stymieing the development of a personal credit ratings system in China. Wan Cunzhi, head of the...

Banking Regulator Mulls Banning Ex-officials from Lending Sector for Three Years

CBRC is considering the implementation of a ban on former officials joining financial companies which fall within its regulatory purview for a period of three...

Concerns Mount Over Capital Adequacy of China’s Listed Lenders

The slumping capital adequacy ratios of China's listed banks are raising concerns amongst industry observers in the lead up to new CBRC requirements at the end...

Supply Side Reforms Will Push Chinese Deficit to Record High in 2017

The latest data from the Ministry of Finance indicates that China has just posted its first Q1 fiscal deficit since the turn of the decade as the government accelerates spending...

Leading Professor Calls for China’s State-owned Enterprises to Pull Back

A leading professor from one of China's top business schools has called for the government to dial down the economic role of state-owned enterprises in order...

IMF Does Not Foresee Financial Crisis in China Anytime Soon

The IMF does not foresee a financial crisis in China or the Asia-Pacific region anytime soon, despite strong concern over soaring debt levels. Markus Rodlauer, IMF deputy director...

China’s Central Bank Backs Use of SDR’s for Domestic Debt

One of PBOC's senior-most officials has voiced strong support for the expand use of IMF's Special Drawing Rights in several areas, including for the issuance of...

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