Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks. Reuters reported this week that with the new rules, these financial firms located outside China will be able to establish...
November 02, 2018
To head off financial risks, the People’s Bank of China (PBOC) plans to manage growth of the money supply. Its remarks could be seen as a warning against a stimulus approach to an economy that is slowing along with a trade war, Financial Times reported. Through its yearly financial stability report, the PBOC said, “Prudent […]
