A Shandong court has sentenced Jiang Xiyun, the former chairman of the embattled Hengfeng Bank, to death with a two-year reprieve for taking bribes, destroying records, and illegally issuing financial notes. Jiang’s...
The following censorship instructions have been leaked and distributed online. China Construction...
The South China Morning Post’s George Chen reports that China’s central bank has...
The following censorship instruction, issued to the media by government authorities, has been...
Yao Jingyuan, former spokesman and chief economist of the National Bureau of Statistics, has...
As a rise in short-term interest rates has stoked fears of tightened liquidity, China’s...
Marketplace reports on the “shadow banking” system of unofficial loans, which is...
The ratio of non-performing loans on the balance sheets of Chinese banks declined in 2012, according to their latest earnings reports, but does that indicate an improving bill of health for the financial sector? A new Reuters...
As if the mounting pile of failed loans to local governments isn’t enough of a concern on its own, The Diplomat’s Minxin Pei writes that the hidden debt – the product of off-balance sheet “shadow...
Following last weekend’s interest rate cuts by The People’s Bank of China, which signaled a move toward a more market-based banking system, The Wall Street Journal reports that China’s banks will likely feel...
With China posting its lowest quarterly GDP rise since 2009, The Diplomat’s Minxin Pei writes that while state control of the Chinese banking system may help to avoid a seizure in the short-term, the economy’s...
Bloomberg BusinessWeek asks whether Premier Wen Jiabao’s recent bold proclamations will have any impact or are just part of an effort to ensure his legacy as a reformer: First came his remarkable and likely last press...
The US-based Citibank announced that China has approved of the bank offering credit cards in China. Citibank will launch the program later this year, and it is the first non-Asian bank to offer credit cards in China. BBC...
Amid reports of increased manufacturing, China’s export rate has increased in December, showing a widening trade surplus. Economists see this widening gap between imports and exports as an indicator of a slow patch in the...
Amid concerns that global demand for Chinese exports will decrease, the China’s Purchasing Manager’s Index has dropped for the first time in three months. This drop is the lowest recorded growth in three years. BBC...
From afar China appears to be staying afloat of the massive economic crisis affecting the world. The Diplomat takes a closer look into the tenuous economic structure keeping China ahead of the rest of the world. China appeared...
Police have apprehended a man in connection with a petrol bomb attack on a Gansu bank, the suspect’s former employer, in which several dozen people were injured. From Reuters: Nineteen people were seriously hurt in the...
Xinhua reports that a petrol bomb attack in a Gansu bank has killed and injured dozens (see update below). From Reuters: “Someone ignited a gasoline bomb at 9 a.m. during an internal meeting at the bank in Tianzhu Tibetan...
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