- China’s Affordable Housing Push: Easier Said Than Done
A new State Council mandate has made housing for low-income urban families a national priority, but questions remain about local government support and ways to finance a huge project that could cost nearly 700 billion yuan.
- Empower Regulators to Fight Securities Crime
A top regulator suggested empowering investigators with more binding rights, such as subpoenas, and letting CSRC file lawsuits and seek compensation for investors, making financial intermediaries liable for illegal tradings.
- Forex Hatches
The as-yet untitled forex agency, under the finance ministry’s wing, will be managed by former top securities regulator Gao Xiqing.
- Did China’s Policy Bank Look Before Leaping?
The government’s China Development Bank is sinking billions of euros into Britain’s Barclays Bank in bid for ABN Amro, triggering debates over Beijing’s emerging role as a global market player with a lot of cash but limited experience.
- Administrators vs. Stakeholders: Who Comes First?
A debate over shareholder rights is forcing a closer look at the government’s system for disposing assets of ailing securities firms, 30 of which have been targeted by regulators since 2004.
- China’s Unique Cash Pool for Building Africa
Combining market principles with a desire to promote progress in Africa, the Beijing government’s China Development Bank has patterned its huge China-Africa Development Fund after private equity funds.
- Overseas Investment, Bond Deals Still Unclear
China’s new foreign investment agency has appointed a manager and made its first investment, but questions remain about operations, jurisdiction and a plan to sell bonds.
- Hong Kong Eyes Link-Up with Mainland Bourses
Hong Kong’s mighty stock exchange faces stiff competition from China’s rising stars in Shanghai and Shenzhen. But Fang Zheng, Hong Kong’s chief securities supervisor, is not worried.
- New Shanghai Maglev line pending for double check
SEPA reevaluates the ecological feasibility of the Shanghai Maglev train following a report in 2006 widely kept from the public eye. Residents affected by new construction protest, citing concerns over the effects of noise and electromagnetic radiation on their health.
- ICBC Chief Diagnoses Ills at China’s Mega-Bank
After the successful IPO (of state-owned commercial banks) and the entry of foreign banks, service quality is key to banks’ competence in China. In other words, the bank that provides the best service has the most competence.
- Cures for China’s Feverish Stock Market
As housekeepers, migrant workers and even monks join investors flooding China’s markets, regulators and experts who fear a bubble burst are seeking cures for stock fever.
- Open Markets are Bringing America and China Closer Together
"Commerce requires communication; communication leads to mutual understanding; mutual understanding leads to respect; respect leads to friendships; and friendships lead to lasting partnerships." Open trade is a win-win proposition for China and America.