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BEIJING (Xinhua): The People's Bank of China, the central bank, will not make any major policy shifts this year and will instead deploy more financial resources to support the real economy, a senior official said ahead of the official release of broad money supply and credit growth, both of which surged in February.
China mulls tougher rules for nonbank payments; Ant, Alibaba's fintech and Tencent's Wechat to face pressure
Beijing, Jan 22 (China Daily/ANN): China has tightened regulation on companies in the nonbank payment industry with an eye on curbing market monopoly behavior that could trigger financial risks, experts said on Thursday.
BEIJING (China Daily/ANN): China has asked state-owned financial institutions to remain focused on their main business and eliminate unnecessary operational hierarchies, while stepping up efforts to prevent risks from the inappropriate transactions of affiliates and false capital injection, the Ministry of Finance said on Wednesday (Dec 16).
BEIJING (China Daily/ANN): China's key financial indicators showed stable growth in November, except for the slight slowdown in total social financing, an indication that the fiscal stimulus to weather Covid-19-induced downturn is peaking and monetary policy may gradually return to normal, experts said.
SHANGHAI (China Daily/ANN): Foreign-invested enterprises will not be required to maintain a separate account for renminbi-denominated capital flows at a pilot project in Shanghai soon, a senior official from the People's Bank of China, the central bank, said on Thursday (Nov 19)
BEIJING: Commercial lenders must increase their loan loss provisions in advance and dispose of more non-performing loans to prevent further asset quality erosion due to the lingering effects of the Covid-19 epidemic, according to a senior central bank official.
KUALA LUMPUR: International rating agency Moody’s Corporation has acquired a minority stake in Malaysian Rating Corporation Bhd (MARC).
BEIRUT (Reuters) - Protests paralysed Lebanon for a ninth day on Friday and a global credit ratings agency said the government's limited capacity to address demonstrator demands could further test depositor confidence and weigh on foreign exchange reserves.
SINGAPORE: New rating agencies in Asia are hoping to launch themselves on the global stage thanks to a little known rule change by a European regulator made several years ago.Arc Ratings, based in Malaysia, was formed in late January when Malaysian Rating Corp (Marc), along with Care Ratings from India, Global Credit Ratings from South Africa and SR Rating Group from Brazil, bought Sociedade de Avaliaçمo Estratégica e Risco from Portugal.