Tuesday, March 9, 2021
Tags Lou Jiwei

Tag: Lou Jiwei

China’s Ex-Finance Minister Warns against Fintech Platforms Becoming “Too Big to Fail” Following Ant Group IPO Debacle

The former head of China's Ministry of Finance (MOF) has warned of the perils of Chinese fintech platforms becoming excessively large and...

Mixed-business Model of Chinese Finance is Heightening Risk: Ex-MOF Head Lou Jiwei

One of China's senior-most politicians says that the country needs to bring an end to the mixed-business model prevalent in the finance sector due...

China Flags Launch of Real Estate Tax at National People’s Congress

Zhang Dejiang (张德江), chairman of the Standing Committee of China's National People's Congress, has proposed the drafting of real estate tax legislation in 2018,...

Supply Side Reforms Must Do Away with Planned Economy Mentality: Lou Jiwei

One of China's leading economists and politicians has called for supply-side structural reforms to do away with the "traditional" mentality of the country's former...

The Financial System Suffers from Severe Distortions: Lou Jiwei

One of China's senior-most economic policymakers says that the country's financial system suffers from severe distortions due to the emergence of a "bewildering" range...

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Trust Companies Sees 20% Profit Drop Amidst Squeeze on Chinese Shadow Banking

The trust sector in China posted a sharp decline in both profits and asset scale in 2020 as regulators stepped up the...

Chinese Banks Issue 52 Billion Yuan in Financial Inclusion Bonds Since Start of 2021

Commercial banks in China have continued to issue special bonds to raise funds for lending to small businesses since the start of...

China’s Foreign Trade in Goods Surges 32.2% Since Start of 2021

China saw a surge in imports and exports of goods in the first two months of 2021 as the economy continued to...

China Sets GDP Growth Target of over 6% for 2021, Aims to Create More than 11 Million New Urban Jobs

The Chinese central government has unveiled a slew of official targets for economic development in 2021.