Categories
Banking Finance

Capital Market Reforms Needed to Drive Growth of China’s New Tech Sectors: KPMG

Experts say that problems with China’s capital markets are impeding the prospects of the country’s emerging tech sectors.

Categories
Banking Economy Finance

Financing Costs for Chinese Companies Hits 7.6%, Over 10% for Small Businesses

A new study points to exorbitant financing costs for actors in China’s real economy.

Categories
Finance

Fines Issued by China’s Financial Regulators Surged in 2017

China’s big four financial regulators have released the full bill of penalties applied for misconduct in the banking, securities and insurance sectors in 2017.

Categories
Banking Finance

Banking Regulator Pushes for Use of Forestry Rights as Loan Collateral

The China Banking Regulatory Commission is pushing for forestry rights to be used as collateral for secured loans as part of efforts to support the development of the forestry sector in certain regions.

Categories
Banking

China Defenceless Against Debt Crisis If Financial Sector Opened: Michael Pettis

A leading expert on the Chinese economy says opening of the finance sector could leave regulators defenceless against a debt-induced crisis.

Categories
Banking

China Will Allow Majority Foreign Ownership of Securities Firms

In the wake of President Trump’s official visit to Beijing, China has made a watershed move for the opening up of its finance sector.

Categories
Economy Finance

Financial Risk Needed to Achieve Stable, Sustainable Growth: Xia Bin

One of the Chinese government’s senior-most economists says that financial risk must be accommodated in order to maintain stable, long-term growth, and called for ailing enterprises to be allowed to fail.

Categories
Banking Finance

China’s Shadow Banking Sector Has Ceased to Expand: Moody’s

China’s deleveraging campaign appears to have borne fruit, with growth in shadow banking activity halting in the first half and nominal GDP expanding faster than shadow banking assets for the first time since 2012.

Categories
Banking Finance

New Credit Expected to Fall to 800bn Yuan in October

Chinese analysts expect a significant decline in new credit for October on the back of standard seasonal fluctuations.

Categories
Finance

China’s Capital Markets Must Become Hub for Global Resource Allocation: Shenzhen Stock Exchange

The chief of the Shenzhen Stock Exchange says that China’s financial liberalisation would see its capital markets eventually assume the role of a global resource allocation hub.