China unveils plan to keep officials’ noses clean in campaign to control financial risk

China unveils plan to keep officials’ noses clean in campaign to control financial risk

China’s Politburo – a high-level decision-making body of the country’s Communist Party – reviewed a pilot accountability mechanism for financial de-risking on Monday, the latest offensive in Beijing’s campaign to address deep-rooted hazards in the financial system and the crisis-plagued property sector. The blueprint for how to keep financial actors like watchdogs, state-owned financial institutions … Read more

Chinese vice-premier urges support for listed firms to help stabilise battered stock market

Chinese vice-premier urges support for listed firms to help stabilise battered stock market

Chinese vice-premier He Lifeng has called for improvements in the performance and profitability of listed firms, a signal that Beijing wants to see more support for China’s ailing stock market and a boost in confidence along with it. He made the remarks during a nationwide teleconference attended by cadres from all regions on Monday, during … Read more