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SHANGHAI: Concern about China's debt load is mounting, but there are signs that higher interest rates may finally be helping the country get to grips with the wasteful investment and excessive borrowing that has fuelled the economy since the global financial crisis.
BEIJING: The China Banking Association (CBA) is lobbying regulators to cap the yields on online money market funds, according to two bankers, in the boldest effort yet by banks to answer the threat from online financial products.
TOKYO: Asian shares struggled to find a solid footing on Thursday as escalating tensions in Ukraine sent investors scurrying to the safety of the dollar and US Treasuries.
SYDNEY: Asian markets were set for another tense session on Tuesday as worries about China's economy continue to reverberate, taking a particularly hard toll on commodity prices.
China will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile payment transactions.
SINGAPORE: Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.