Tuesday, December 1, 2020
Tags Chinese financial risk

Tag: Chinese financial risk

Guo Shuqing Hails Efforts to Contain Internet Finance Perils, Warns of Fintech-related Risk

Guo Shuqing (郭树清) chair of the China Banking and Insurance Regulatory Commission (CBIRC) and party chief of the Chinese central bank, has...

Chinese Central Bank Intervenes to Stem Bank Run in Henan Province

China's top financial authorities have committed to maintaining financial stability following concerns that a bank run could hit a rural lender in...

Smaller Lenders Seen Consolidating in Wake of Baoshang Bank’s “Mini-Lehman” Moment

China's smaller banks are expected to undergo a wave of consolidation following the surprise government takeover of Inner Mongolian lender Baoshang Bank....

China’s Central Bank and Foreign Exchange Authority Stress Targeted Disposal of Grey Rhino Risk in Key Sectors

The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have outlined focal areas for cooperative regulatory and...

2019 Remains High Risk Period for Chinese Financial System: Central Bank Official

A senior official from the People's Bank of China (PBOC) has warned of the continued presence of risk for the Chinese financial...

PBOC Launches New Macro-prudential Management Department amidst Structural and Functional Shift

The Chinese central bank has unveiled a new macro-prudential management authority as part of a sweeping structural and functional overhaul.

China Has USD$17.41 Trillion in Financial Resources to Deal with Risk: CASS

One of China's leading think tanks points to ample financial resources to deal with external financial risk, yet has called for the development of...

WeBank’s Smart Deposits Suspended over Cost Pressure and Liquidity Risks

Some of China's leading online lenders are putting the brakes on their "smart deposits" (智能存款) products due to cost and risk concerns. According to a...

Does China’s Army of Fintech Start-ups Pose Systemic Risk?

A leading Chinese investor says the vast number of start-ups thronging the fintech sector poses a major risk that will prompt authorities to step...

Combating Financial Sector Risk Will Be Painful: PBOC’s 2018 Financial Stability Report

The Chinese central bank's financial stability report for 2018 says that curbing risk in China's finance sector will be a source of considerable short-term...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...