https://www.scmp.com/rss/323793/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Thanks to US President Donald Trump and his “America first” policy, the global economic and trade outlook perhaps has never been so uncertain. Nowhere are these economic and policy shock waves being felt more than in China. And, Beijing is responding the same way it does every time it anticipates trouble – by pumping cash into its system. It has already used targeted reserve requirement cuts for select banks. This week the People’s Bank of China (PBOC) pushed US$74 billion into the system to get... https://www.scmp.com/week-asia/geopolitics/article/2157137/china-has-no-idea-how-play-trump-and-doing-what-it-always?utm_source=rss_feed https://www.scmp.com/week-asia/geopolitics/article/2157137/china-has-no-idea-how-play-trump-and-doing-what-it-always?utm_source=rss_feed Fri, 27 Jul 2018 07:00:15 +0000 If you had been waiting with bated breath for earth-shattering policy announcements from President Xi Jinping at this week’s Boao Forum, you have reason to be underwhelmed. Xi was hardly going to get into details in his address but even after the central bank Governor Yi Gang fleshed out some of the bare bones of the much-touted financial sector reforms Xi laid out, it all failed to match the expectation the president’s right hand man Liu He built up just weeks before at the World Economic Forum... https://www.scmp.com/week-asia/opinion/article/2141455/chinas-financial-reforms-are-not-what-theyre-cracked-be?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/2141455/chinas-financial-reforms-are-not-what-theyre-cracked-be?utm_source=rss_feed Sun, 15 Apr 2018 02:32:15 +0000 Since his arrival at the head of the China Banking Regulatory Commission (CBRC), Guo Shuqing has issued a flurry of directives to rein in some of the excesses of the banking sector. The most prominent target is the US$4 trillion wealth management product industry. Bringing discipline to this sector is long overdue. For years commentators have been flagging this as a real danger to the banking sector and the economy. Ironically this sector is really the cutting edge of financial reform in China.... https://www.scmp.com/week-asia/business/article/2092944/can-super-regulator-rein-business-excesses-china?utm_source=rss_feed https://www.scmp.com/week-asia/business/article/2092944/can-super-regulator-rein-business-excesses-china?utm_source=rss_feed Fri, 05 May 2017 03:02:19 +0000 After much ado, this year could well see Chinese domestic A shares included in the broadly followed MSCI Emerging Market Index – but don’t expect the financial equivalent of a victory parade. Instead, after a formal announcement expected in June, both Chinese authorities and the MSCI will likely want to move on quickly from the saga – once marketed as a sign of China’s economic rise and now widely thought to be a lesson in the very real limitations of financial reforms in China. MSCI, which is... https://www.scmp.com/week-asia/business/article/2082769/chinese-shares-msci-whats-big-deal?utm_source=rss_feed https://www.scmp.com/week-asia/business/article/2082769/chinese-shares-msci-whats-big-deal?utm_source=rss_feed Fri, 31 Mar 2017 04:56:38 +0000 Liu Shiyu must be the most relieved man in China. After becoming the China Securities Regulatory Commission chairman in February, he has seen out 10 months of 2016 with little mishap or controversy. The preceding 10 months under Xiao Gang were probably the most volatile and frankly chaotic period in the history of the stock market. The year started with the four-day fiasco of the circuit breakers but ended in near boredom. The market indices largely flatlined for much of the second half and the... https://www.scmp.com/week-asia/article/2058274/will-most-relieved-man-china-rise-challenge?utm_source=rss_feed https://www.scmp.com/week-asia/article/2058274/will-most-relieved-man-china-rise-challenge?utm_source=rss_feed Mon, 02 Jan 2017 04:03:54 +0000