30 Sep 2020
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On Tuesday, the Beijing branch of the China Banking and Insurance Regulatory Commission (CBIRC) issued a statement outlining how banks should deal with non-performing loans (NPLs).
Specifically (Caixin):
New loans shouldn’t be used to cover up bad loans.Banks can’t use off-balance-sheet sourc...
April 26, 2024
China is counting on Hungary's support in the EU. On Wednesday, foreign minister Wang Yi met with his Hungarian counterpart, Péter Szijjártó, in Beijing. Some context: Hungary's long-serving government is a vocal critic of the EU's de-risking strategy and the… Read More »
April 26, 2024
Top diplomat Wang Yi and US Secretary of State Antony Blinken have lots to talk about. On Friday, the two diplomatic honchos convened in Beijing to talk about the parlous state of US-China relations. At the time of writing, official… Read More »
April 26, 2024
On Thursday, the financial regulator (NFRA) released guidelines on developing green insurance to support China’s green and low-carbon transition. This follows the guidance on increasing financial support for green and low-carbon development, including through green insurance, that several regulators issued… Read More »