https://www.scmp.com/rss/308190/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com A reliable legal system that supports fair and timely enforcement of creditor claims against borrowers and collateral forms the backbone of any market-based financial system. This requirement is put to the ultimate test in the distressed industry, where large portfolios of non-performing loans are sold, and buyers won’t attribute value to them unless they are legally enforceable. When China opened to foreign investments in the early 1980s, the legal system was largely a blank slate, as few... https://www.scmp.com/business/banking-finance/article/2100680/chinas-legal-system-came-long-way-enforcing-creditor-claims?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2100680/chinas-legal-system-came-long-way-enforcing-creditor-claims?utm_source=rss_feed Mon, 03 Jul 2017 07:52:24 +0000 Even before President Xi Jinping took over, there was vigorous domestic and international agreement that something drastic needed to be done about China's corruption problem. His predecessor Hu Jintao warned in 2012 that it "could prove fatal to the party". Outside of China, pessimists pointed to corruption as a harbinger of the system's ultimate doom. So the anti-corruption campaign is not surprising, and is receiving widespread support. Xi views it as a life and death struggle for the party... https://www.scmp.com/comment/insight-opinion/article/1775450/china-should-dangle-some-economic-carrots-long-term-success?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1775450/china-should-dangle-some-economic-carrots-long-term-success?utm_source=rss_feed Sun, 26 Apr 2015 16:29:55 +0000 The investment community has long awaited the growing wave of direct investment by China into the United States. Now, finally, despite continuing challenges, the US is swimming in Chinese capital. The Rhodium Group calculates that total Chinese direct investment in the US last year was US$6.5 billion, the highest ever, and the first half of this year has already seen US$4.7 billion of investment. Nevertheless, there is a lot of room to grow - the Ministry of Commerce estimates that Chinese... https://www.scmp.com/comment/insight-opinion/article/1297237/lessons-chinese-deal-makers-america?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1297237/lessons-chinese-deal-makers-america?utm_source=rss_feed Fri, 16 Aug 2013 16:00:00 +0000 The digital divide between China and the West is growing. The internet world has developed into two distinct and formidable camps - the US internet giants, who are the global market leaders, and the Chinese domestic champions, protected by China's internet firewall and regulatory barriers. This Great Firewall of China will not last forever and is already porous. But as long as it stands, it will hold back full integration of the global internet market and will hurt innovation in China. With the... https://www.scmp.com/comment/insight-opinion/article/1276177/chinas-great-firewall-blocks-innovation-and-commerce?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1276177/chinas-great-firewall-blocks-innovation-and-commerce?utm_source=rss_feed Fri, 05 Jul 2013 16:00:00 +0000