The Shanghai Pilot Free Trade Zone will come up with replicable financial measures within one year while strengthening management and control of financial risks, said a central bank official on Tuesday.
Southwest China's Yunnan Province on Tuesday launched a financial reform initiative in its regions bordering South Asian neighbors.
Japan's financial watchdog started investigations Tuesday on the country's top three banks over their suspected links with organized crime groups.
Japan's financial watchdog started investigations Tuesday on the country's top three banks over their suspected links with organized crime groups.
Wenzhou, a manufacturing hub in east China's Zhejiang Province, has applied to the State Council to begin piloting private banks, the China Securities Journal reported on Thursday.
The Australian government is facing intense challenge from banks and financial service providers to act on reforms of the financial advisers sector as crafted by the previous Labor government, collectively known as the Future of Financial Advice (FoFA).
A Chinese banking regulator has revised the rules for the operation of rural financial institutions in order to step up supervision of small and medium-sized rural banks.
CY Leung, Chief Executive of Hong Kong Special Administrative Region (HKSAR), on Sunday reiterated his government's commitment to hosting a successful APEC Finance Ministers' Meeting in 2014 to reinforce Hong Kong as an international financial center.
With a clearer outline and more concrete steps, China's financial reform is gaining traction amid calls to better facilitate the real economy and guard against risks.
President Barack Obama said on Monday that while the United States has come a long way out of the financial crisis, the U.S. economy is still not yet where it needs to be.
The U.S. economy should address post-crisis challenges including Government-Sponsored Enterprise (GSE) reform, the shadow banking market, and the "too big to fail" phenomenon.
Although some Southeast Asian markets have recently been jolted by global volatility, deepening financial cooperation between China and the Association of Southeast Asian Nations could become a mainstay of growth and financial stability, according to economists attending the 10th China-ASEAN expo.
While global economy remains at risk, Moscow intends to ensure sustainable, inclusive growth as a common goal for the Group of Twenty (G20), President Vladimir Putin said Wednesday.
South Korea planned to widen financial support for local companies to win overseas plant and construction orders by encouraging private-sector financial firms to participate in overseas projects as investors, the finance ministry said Wednesday.
South Korea planned to widen financial support for local companies to win overseas plant and construction orders by encouraging private-sector financial firms to participate in overseas projects as investors, the finance ministry said Wednesday.
China's decision to coordinate financial supervision is expected to reduce systematic risk and drive innovation in an industry fraught with cross-sector financing vehicles.
Emerging markets in Asia have responded with sinking stocks to the predicted U.S. stimulus cut, but a 1997-like Asian financial crisis is unlikely and China is expected to remain resilient against the impact.
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