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Monthly Archives: September, 2017

Ex-head of China’s Insurance Regulator Investigated for “Trading Power for Money and Sex”

Xiang Junbo, the former head of the China Insurance Regulatory Commission, has been officially expelled from both his government position and the Communist Party...

Joint Property Rights for Housing Set to Hit Beijing and Shanghai

The Chinese central government is advancing plans to expand urban housing supply and alleviate overheating real estate markets in Beijing and Shanghai via the...

First Home Loan Rates Rise to Historic Highs Across China

First home loan rates have risen to unprecedented highs in major cities around China according to the latest figures from financial data provider Rong360. Data...

China’s Central Bank Will Not Follow US Fed’s Balance Sheet Shrinking: Securities Daily

One of China's leading financial news outlets says the Chinese central bank is unlikely to follow the lead of the US Fed when it...

Ministry of Finance Says S&P’s Downgrade of China’s Credit Rating “Hard to Comprehend”

The Ministry of Finance has issued a strongly worded response to Standard & Poor's latest decision to downgrade China's sovereign credit rating by one...

Standard and Poor’s Downgrades China’s Credit Rating Due to Mounting Debt

Ratings agency Standard and Poor's has made a downward adjustment to China's sovereign credit rating due to concerns over the country's burgeoning debt levels. The...

Monetary Policy Expected to Loosen Further in the Fourth Quarter

Analysts see monetary policy loosening further in the final quarter of 2017, given gains in the Chinese yuan against the dollar as well as...

AliPay and Tencent Hop Aboard Chinese Public Transit

Following fierce competition in the convenience store, supermarket, taxi and ride-sharing sectors, China's leading online and mobile payment providers are vying for a slice...

China’s Central Bank Praises Hike in Home Loan Rates to 10% Above Benchmark

The People's Bank of China has given its support to the latest round of home loan rate hikes by lenders in Beijing, which it...

Beijing Hopes to Expand Housing Supply with New Joint Property Rights Policy

Beijing hopes that the launch of a new joint property rights housing policy will help to cool down its overheating real estate market by...

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