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Monthly Archives: October, 2017

Chief of China Banking Authority Considered Top Contender for Central Bank Head

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Sources close to the matter say that Guo Shuqing, the head of the China Banking Regulatory Commission is one of the top contenders to...

Shenzhen Banks Suspend Consumer Loans Due to Real Estate Speculation Concerns

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Multiple banks in the southern Chinese manufacturing hub of Shenzhen have suspended the provision of consumer loans due to concerns over their illicit use...

China’s Total Leverage Has Started to Slide: Central Bank Head

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The head of the People's Bank of China says that China's overall debt levels have started to slide as a result of the concerted...

Trump Administration Objects to World Bank’s Level of Lending to China

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The US government is refusing to provide the World Bank with a capital increase unless it re-considers its lending practices with respect to its...

Jack Ma Slips to 3rd Place on Hurun’s 2017 List of China’s Richest

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The latest Hurun Rich List for 2017 has seen the ousting of the former top two position holders, as well as a decline in...

Banking Regulator Will Crackdown on Use of Consumer Loans for Home Purchases

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The China Banking Regulatory Commission is planning a crackdown on the illicit use of consumer loans to invest in the property market. As property lending...

Tencent Grabs Approval to Sell Insurance via WeChat and QQ

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Chinese Internet giant Tencent has obtained the green light from regulators to sell insurance via online platforms such as WeChat and QQ. The official website...

China’s Average First Home Loan Rate Rises for the Ninth Time This Year

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The latest data from Rong 360 indicates that China's average first home loan rate lifted to 5.22% in September, for its ninth increase since...

Central State-owned Enterprises Post 19.1 Trillion in Revenue for First Three Quarters of 2017

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Central state-owned enterprises have seen both revenues and profits rise to their highest levels since the 18th National Congress of the Chinese Communist Party...

World’s Biggest Bank May be Undervalued due to Shadow Banking Crackdown

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Analysts say that the world's biggest bank in terms of assets may now be undervalued despite a near doubling of its share price in...
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