Regulators increase scrutiny of “group buying” products sold by banks
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CBIRC launches campaign to improve quality of financial data
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CBIRC orders large banks to increase loans to manufacturing sector
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Bank of China oil-linked investment product blows up after crude futures collapse
One key factor that led to the huge losses for BoC investors was that the rollover date for contracts in Yuan You Bao was so close to the expiration of the underlying contract. Other banks who offered similar products…
January wrap-up: High-level government response to Coronavirus
Despite the extreme challenges that businesses are facing as a result of the coronavirus outbreak and the government’s heavy-handed efforts to slow the spread of the virus, at present it does not appear that …
GBA pilots new driving license scheme
In its current form, the GBA licensing scheme is very limited in scope, essentially allowing only for transit from Hong Kong or Macau to the mainland by way of the other territory…
Top financial officials take up posts in provincial governments
It’s no coincidence that these appointments coincide with Beijing’s push to de-risk the financial sector and get on top of local government debt. The September appointments are further evidence that …
Canada seeks WTO consultation with China over blocked canola export
Canada’s initiation of formal WTO procedures indicates growing frustration with China and is a further indication that …
Trudeau sharpens criticism of China
Trudeau’s comments mark a hardening of his rhetoric toward China. The recent uptick in rhetorical acrimony is reflective of the impasse that has …
Canada names new ambassador to China
The appointment of Barton reflects the Trudeau government’s desire to improve ties with Beijing, despite Canada’s growing frustration with the Chinese. Barton has good ties in the …