The revised Risk Control Indicator Management Method of Securities Companies is about to be implemented. In addition, as external risk tends to be increasing, securities traders will downsize scale of non-active private asset management plan targeting non-standard debt asset.
It never rains but it pours. The stock price of China Vanke Co., Ltd suffers consecutive plunge, while nine asset management plans under Baoneng Group are on the verge of being closed out. Vanke requests the regulators to check the suspected violations of laws conducted by nine asset management plans under Baoneng.
China is further tightening risk management regulations on the banking industry and stepping up efforts to build and improve a comprehensive risk management system.
Artificial intelligence (AI) will be used to enhance the natural kind under plans by Japanese electronics giants to develop AI tools to support corporate management.
Floods and landslides in western Indonesia's Central Java Province have left 24 people dead and 26 others missing, a senior official at the country's disaster management agency said on Sunday.
An Explosion in the construction of a power plant in North Sumatra, Indonesia killed 7 workers and seriously wounded 6 others, a senior official from the disaster management agency said on Thursday.
Shenzhen is to set up a 15 billion yuan ($2.2 billion) fund to improve public safety, part of efforts to build a modern, international city.
Volatility in China's stock market is feeding an appetite for fixed income investment products among China's small investors, driving them to Tencent's marketplace.
As China strives to sustain growth, supply-side reform is the latest tool to be taken from the box and sharpened.
The Chinese government will intervene less in price formation, according to a communique released on Thursday after a four-day key meeting of the Communist Party of China (CPC).
While China's new state-owned enterprise (SOE) reform guideline provides little detail and did not impress the market much, there are some positive messages that have been overlooked, according to a report released by UBS. China issued a guideline to deepen SOE reforms in mid-September.
Hangzhou, in eastern China's Zhejiang province, is planning to eliminate taxi franchise fees paid to the government as it seeks to break an oligopoly on the industry.
Jupai Holdings Limited, a leading third-party wealth management service provider from China, made its trading debut on the New York Stock Exchange (NYSE) Thursday.
Samsung Group, South Korea's largest family-run conglomerate, has entered a new era under the third- generation leadership. Lee Jae-yong, the only son of Samsung Electronics chairman Lee Kun-hee, has been effectively running the "Ferry Samsung" since his father was hospitalized in May 2014 for a heart attack.
The Chinese government and the Association of Southeast Asian Nations (ASEAN) on Monday signed a Memorandum of Understanding (MoU) worth 50 million yuan (about 8.1 million U.S. dollars) on disaster management, an initial step to improve partnership between ASEAN and China in the sector.
Chinese President Xi Jinping stressed the need for quality implementation and supervision of reform plans.
China's banking regulator has ordered the country's banks to set up a firewall between their popular wealth management products and their cornerstone lending to prevent risk.
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