The war on financial risks will continue this year in China, with renewed efforts to crack down on shadow banking activities and further rectification of financial irregularities, said the head of the nation's banking regulator.
The country's top insurance regulator on Wednesday released an action plan to resolve major risks in the industry, vowing to tighten regulation of insurers' shareholders, and to take action against poor corporate governance and risky capital management and investment.
A report that US lawmakers urged AT&T Inc to cut commercial ties with Chinese telecom equipment giant Huawei Technologies Co Ltd and to reject plans by operator China Mobile to enter the US market, has sparked serious concerns in both countries.
Subsidies for new energy cars will be cut further this year before being phased out in China altogether by the end of 2020, a source close to the matter said on Wednesday. The move would accelerate the exit of uncompetitive players from the fast-growing sector.
Chinese foreign direct investment into the United Kingdom more than doubled from $9.2 billion in 2016 to $20.8 billion in 2017, despite uncertainties over Britain's pending exit from the European Union.
Foreign direct investment into the Chinese mainland soared to an all-time high of 877.56 billion yuan ($136.36 billion) in 2017, up 7.9 percent from 2016, official data showed on Tuesday.
Imports are expected to make up more than 70 percent of China's crude oil supply in 2018 amid sound economic growth, said a research arm of State-owned energy giant China National Petroleum Corp on Tuesday.
China will accelerate mixed-ownership reforms at its centrally administered, State-owned enterprises through equity diversification and corporate governance changes, the country's State asset regulator said on Tuesday.
China's second-largest e-commerce player JD announced on Tuesday a strategic investment in Tiki.vn, Vietnam's leading business-to-consumer e-commerce platform, expanding its presence in the Southeast Asia market amid fierce competition from Alibaba Group Holding Ltd and Amazon.com Inc.
China's second-biggest e-commerce firm JD has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.
Slower growth in China's money supply will become common as the country continues its deleveraging efforts under tighter regulations, experts said.
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