Changes to personnel at China's top securities regulator are being seen as an attempt to break-up existing networks of influence and are part of efforts to push ahead with reforms.
The head of Hong Kong's monetary authority speaks to the EO about the strength of the offshore RMB market, bond issuance and the city-state's reserves.
China's State Council has approved a plan to separate the international operations of the country's sovereign wealth fund from its wholly-owned, domestically-focused unit
The central government sees the regional reallocation of tax revenue as the basis for supporting the poorer provinces. This story explains that process.
The central bank is blocking an attempt by the Ministry of Finance to move more of its cash to deposits at commercial banks, where interest rates are more attractive, since it fears that the move would stoke inflation
Joe Zhang resigned in June from UBS, where he was head of the investment bank’s Chinese operations, in order to become chairman of Wansui Microloan Co.Ltd, a Guangzhou-based micro-loan company.
Guangdong and Zhejiang are currently agreeing the details for a local bond issue later this year, which would make them the first two provinces to raise money independently on the capital markets, sources have told the EO.
The CBRC conducted a large-scale inspection of the credit conditions of China's commercial banks and 70 percent of loans have met the requirement standards of the
When the conditions are ripe in a globally important banking center, the company will establish a subsidiary. Thus, Hong Kong naturally became the first choice...
If all goes to plan, preparations for the new board will be completed by the beginning of 2011 and it will be launched sometime around April next year.