Wednesday, April 14, 2021
Tags Yang Jiacai

Tag: Yang Jiacai

Senior Chinese Banking Official Receives 16 Year Prison Sentence for Bribery

The former assistant chair of the erstwhile China Banking Regulatory Commission (CBRC) has received a 16 year sentence for receiving bribes, according to reports...

Senior Chinese Banking Official Investigated for Involvement in Loan Scandal

After disappearing abruptly from the public gaze last week, Chinese media reports have finally revealed the reason for senior banking regulator Yang Jiacai's absence from official...

China’s Banking Regulator At a Loss to Explain Absence of Senior Official

The conspicuous absence of one of the China Banking Regulatory Commission's top officials has raised eyebrows in the Chinese press, given the recent ousting...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...