Thursday, May 2, 2024

Monthly Archives: December, 2017

Replace China’s GDP Growth Targets with Employment Stability: Ex-PBOC Research Chief

The former chief economist of the People's Bank of China's research department has called for Beijing to replace its long-standing GDP targets with employment...

Banking Regulator Tightens Consumer Finance Rules

The China Banking Regulatory Commission has ratcheted up its rules governing consumer finance firms that make modest loans to smaller retail or business borrowers. A...

UK Set to Open London’s Spot Forex Markets to Chinese Banks

UK chancellor Philip Hammond will announce the opening of London's foreign exchange markets to direct access by Chinese banks during an official visit to...

Beijing Targets Use of Public-Private Partnerships to Hide Local Government Debt

The Chinese central government plans to crack down on the use of public-private partnerships by local authorities to conceal their exorbitant debt burdens. The Ministry...

Beijing Pre-owned Home Transactions Forecast to Drop by More Than Half in 2017

Real estate analysts expect pre-owned home transactions to post a year-on-year drop of more than 50% this year in the Chinese capital. Centaline Property forecasts...

Record Fine for China Guangfa Prompts Calls for Inclusion of Fintech Giants in MPA’s

A recent online bond selling scandal which incurred the biggest ever fine issued by China's banking regulator has triggered calls for the country's leading...

Central Bank Could Combine Interest Rate Hikes with Reserve Ratio Cuts in 2018

Speculation on 2018 monetary policy in the lead up to China's Central Economic Work Conference points to the possibility of a reserve requirement ratio...

People’s Bank of China Oversees Development of New Unified Payments App

The Chinese banking and payments sector has launched a pioneering new app which combines the disparate functions of other mobile platforms, as well as...

Chinese Banks Deny Calling for Asset Management Curbs to be Dialled Down

The peak industry for China's banking sector has denied reports that it called for the country's central bank to moderate new guidelines designed to...

Lending by Chinese Banks Hit Record High for 2017 in November

Chinese banks supplied the highest monthly volume of loans for 2017 in November, despite Beijing's ongoing deleveraging campaign and efforts to contain credit expansion. Official...

Most Read