China banking

Beijing warns China’s US$63 trillion financial sector: serve the real economy and enrich lives

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China’s financial sector needs to focus on supporting the real economy and must refrain from “fake financial innovation”, state media has proclaimed amid a tightening of regulations as Beijing seeks to flex its financial might. In what is widely believed to be a warning against capital idling and speculative activities by banks and lending institutions, … Read more

Xi Jinping urges ‘to the letter’ compliance as China’s economic recovery remains top concern

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Xi’s comments, seen in a report released in the wake of the two-day conference, offer essential guidance for policymakers – and for observers, clear signs the country’s top leader sees movement has been lacking. You cannot procrastinate, dragging on small things until they become big ones, and delaying big things until they explodeXi Jinping “To … Read more