The big political drama in Washington in the next few months will be the fight over the federal debt ceiling. The worst-case scenario is that Congress refuses to raise the ceiling and the U.S. Treasury defaults on its debt. Since U.S. treasury...
Pretty much every major economic indicator suggests that the Chinese economy will continue its downward momentum in 2019. Industrial production, retail sales, and even the once red-hot property market are all showing real signs of weakness. Some...
The outcry shines a light on a murky corner of China's financial industry that authorities allowed to grow rapidly with little oversight. Promises of double-digit returns attracted people looking for more lucrative places to put their...
The capital-raising comes ahead of a widely expected initial public offering.
In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy.
Moody’s Investors Service no longer takes a negative view on China’s banking system, raising its outlook to stable on Thursday as concerns over so-called shadow banking eased.
The Asian Infrastructure Investment Bank (AIIB), headquartered in Beijing, held its second annual meeting on the Korean island of Jeju last week. Korea is currently positioning Jeju as a zero-carbon tourist destination, so the...
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.
China’s central bank raised borrowing costs as a stable economy and factory reflation give it scope to follow the Federal Reserve in tightening policy.
Banks and other corporate borrowers quietly encouraged to raise money offshore
Rise in liquidations reflects growing role for courts in tackling ‘zombie’ companies
Foreign buyers are holding a smaller share of the debt of the some of the world’s top nations
China’s central bank tightened monetary policy by raising the interest rates it charges in open-market operations and on funds lent via its Standing Lending Facility as it shifts to reining in asset prices and inflation.
A subsidiary of the Industrial and Commercial Bank of China (ICBC) has recently reached deals with seven Chinese state-owned enterprises to convert about 60 billion yuan ($8.7 billion) of unpaid loans into equity shares.
Chinese cities have rolled out new measures over the past week to cool a home-buying frenzy that has seen prices skyrocket, marking a new round of tightening since policies were eased two years ago. More than a dozen of China's largest cities,...
The cuts suggest that employment has peaked at the firms that are the world’s biggest providers of banking jobs.
As China's economy slows and defaults rise, 'bad loan' managers say they spot an opportunity to pick up bargains, because lenders are eager to shed toxic debt that might otherwise poison the broader financial system. Yet questions remain about...
The report was released amid growing concern about the vulnerability of the international banking system.
On April 3, the Washington, D.C.-based non-profit International Committee of Investigative Journalists dropped what struck many as a bombshell: news that a leaked trove of 11.5 million previously secret files from Panama-based law firm Mossack...
While WMPs offer high interest rates, it isn't always clear what assets the funds are buying to finance those payouts.
Chinese banks are creating a web of risk through their WMPs, raising concerns about the health of the financial system.
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...
Since Tuesday, the currency, the renminbi, has fallen 4.4 percent, the biggest drop in decades.
The BRICS Bank, is one of two international development banks that China is promoting as an alternative to western institutions such as the World Bank.
Rally buoyed by optimism around government plans to boost foreign access to the nation’s markets.
The 52-year-old began venture investing in China in 2009 and ended up putting money into 50 startups.
China's money supply grew at its slowest pace on record in April and investment growth sank to its lowest in 15 years.
New deposit insurance could shake the public’s faith in the long-held belief in failsafe government bailouts.
Investments in defence, the economy, social order, culture, and the Internet, will be reviewed.
Embracing China's "new normal" or why the economy Is still on track.
Taiwan’s legislative branch was never able to approve the application or review the evaluation reports and proposals.
The world’s most indebted oil producer bolsters ties to China as corruption scandal shuts it out of international bond markets.
At the center of these efforts is the new Asian Infrastructure Investment Bank and plans for pan-Asian infrastructure .
The central bank chief's remarks follow China's weakest expansion since 1990.
US leaders have for years said Asia-Pacific nations do not have to choose between China and the US.
Seoul makes assurances about AIIB’s governance, which U.S. has been wary about.
The United States has handled its economic diplomacy with shocking myopia.
China plans a new bank to help match Asia’s vast savings with its even vaster need for infrastructure.
Xinhua described the U.S. as “petulant and cynical” for declining to join the Asian Infrastructure Investment Bank.
Lobby wants China to stop rules that would force tech vendors to Chinese banks to hand over source code.
Germany, France and Italy have agreed to join a new China-led Asian investment bank.
Beijing presses for secure and controllable systems; suppliers fear intrusive measures.
U.S. statement says of U.K. membership that it is ‘worried about a trend of constant accommodation’ of China.
As China grapples with its slowest growth in 24 years, President Xi Jinping is under pressure to stimulate the economy.
China Minsheng Banking Corp. said on January 31 that its president has resigned, shortly after people close to the matter said the Communist Party is investigating him for corruption.
Minsheng said in a statement that Mao Xiaofeng had quit...
Premier Li Keqiang recently launched a new era for banking in China by ceremonially pressing the "confirm" button for a 35,000 yuan loan issued to a Shenzhen truck driver.
Li's gesture on January 4 on behalf of Shenzhen Qianhai WeBank was...
WeBank, a joint venture led by Chinese gaming and social network group Tencent Holdings, became the first private bank to start operations under a pilot, after the banking regulator granted licences to six such institutions last year. Its name...
Visa and MasterCard executives eager to expand in China were thrilled recently when Premier Li Keqiang seemed to suggest that a door would open to them for bank card yuan business in the country.
But they had read Li wrong: The premier's...
Last week The New York Times reported U.S. opposition to China's plans to launch a regional...
The move may be the first of several stimulus measures, analysts say. It is aimed at lifting business confidence and investment following a string of weak economic data.
The biggest of China's some 85,000 property developers are the only ones likely to benefit from this credit loosening. Authorities have been trying to streamline the number of companies as part of economic overhauls.
The five BRICS nations have reached a broad consensus on their $100 billion development bank though some differences remain, a senior Chinese diplomat said ahead of a summit in Brazil next week.
