Which Industries Will China Set up in Xiongan, the President's Dream City?
Appointment of banking regulator to key role would boost confidence that the shrinking reform camp will still be able to influence policy
Books
06.20.17
Shadow Banking and the Rise of Capitalism in China
This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy 10 years ago to nearly half of all China’s annual 25 trillion renminbi (U.S.$4.1 trillion) in lending in the economy today.
U.S. Firms Want In on China’s Global ‘One Belt, One Road’ Spending
As China plans to build a raft of roads, rail lines, ports and airports across Asia, Africa and Europe, skeptics say Chinese companies will be the only real winners from the ambitious initiative.
Corporate China Hits Global Debt Market Milestone
Banks and other corporate borrowers quietly encouraged to raise money offshore
In China, Trump-Style Infrastructure Partnerships are Used to Hide Debt
To pay for a highway project, Wenling’s government teamed up with Bank of China to create an ‘industrial fund’ that pulls in money from ordinary investors
Chinese Central Bank Designates Renminbi Clearing Bank in New York
First offshore renminbi settlement bank in US fills major gap
Caixin Media
02.19.16
Central Bank Governor on Reforming the Exchange Rate, Adopting a Digital Currency
Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other...
China’s Banks Test U.S. Legal System
Bank of China says turning over account records would violate Chinese law.
Chinese Banks Halt Experimental Yuan-Remittance Program
China’s major banks have halted an experimental program, sanctioned by the country’s central bank, that helped citizens transfer large sums overseas despite government capital controls, according to people with knowledge of the matter.
Is China really running out of cash?
Citibank fund transfer delays sparks concern over a possible nation-wide liquidity shortage.
Bank of China Closes Account of Key North Korean Bank
The closure is the first significant, publicly announced step taken by a Chinese entity to curb its dealings with North Korea in the wake of international pressure to punish Pyongyang over its banned nuclear and ballistic missile programs...
Caixin Media
11.12.12
Weighing Risks Amid a Wealth Management Boom
Is China’s wealth management business a booming profit volcano for investors, or just another smoke-and-mirrors pyramid scheme?
It’s a question dividing the nation’s bankers and banking regulators as investors of all kinds pour cash into...