Financial Regulatory Forum

China banks need $73 bln capital in 2010 -regulator

December 21, 2009
Chinese banks need more capital

Chinese banks need more capital

   By Samuel Shen and Edmund Klamann
   SHANGHAI, Dec 21 (Reuters) – Chinese banks may need to raise about 500 billion yuan ($73 billion) from the capital markets next year as rapidly expanding loans weaken their financial strength, a senior banking regulator said, marking the first official estimate of banks’ near-term fund-raising. (more…)

UN panel rejects carbon financing for China windfarms, lifts SGS suspension

December 4, 2009

A resident rides a motor bike past the Helanshan Wind Power Plant in Wuzhong, Ningxia province, September 23, 2009. LONDON, Dec 4 (Reuters) – A United Nations climate panel has blocked carbon financing for around ten Chinese wind farms on Friday over concerns that they are financially viable without receiving carbon offsets, the panel said.

Taiwan, China ink financial pact, to take effect soon

November 17, 2009

Chairman of Taiwan's Financial Supervisory Commission Sean Chen speaks during a news conference in Taipei County November 16, 2009. Taiwan has signed a financial service pact with China, allowing its banks to tap China's massive market and paving the way for banks on both sides to invest in each other, a source said on Monday. The much-anticipated pact, or memorandum of understanding (MOU), will mainly cover cross-border financial supervision. REUTERS/Stringer (TAIWAN BUSINESS POLITICS) TAIWAN OUT. NO COMMERCIAL OR EDITORIAL SALES IN TAIWAN By Faith Hung
TAIPEI, Nov 16 (Reuters) – Taiwan has signed a financial service pact with China, the Taiwan government said on Monday, allowing its banks to tap China’s massive market and paving the way for banks on both sides to invest in each other.

China seeks feedback on bond trade tax changes

November 12, 2009

    By Hua Zhong
   SHANGHAI, Nov 12 (Reuters) – China’s State Administration of Taxation is seeking suggestions from the industry on standardising the basis of different types of bond trading on  how they will be taxed, which may dampen trading activity, several sources told Reuters. (more…)

INTERVIEW – Obama says will raise currency with China

November 9, 2009

U.S. President Barack Obama answers questions during an interview with Reuters in the Oval Office at the White House in Washington, November 9, 2009.   REUTERS/Jim Young   (UNITED STATES POLITICS) By Caren Bohan and Alister Bull
WASHINGTON, Nov 9 (Reuters) – U.S. President Barack Obama said on Monday he plans to raise the issue of the yuan currency with Chinese officials when he meets with them in Beijing next week.

China defends foreign bank ownership limit at WTO

November 2, 2009

GENEVA, Nov 2 (Reuters) – China has no plans to increase the limits on foreign ownership of Chinese banks, Chinese officials told trading partners at the World Trade Organisation on Monday.The United States, Japan and the European Union questioned China on the limits and on other banking, insurance and securities issues at the WTO’s committee on trade in financial services, according to participants in the meeting.

U.S. Fed chief Bernanke says ‘exit’ strategy essential for dollar confidence

October 19, 2009

Chairman of the Federal Reserve Ben Bernanke speaks at the Federal Reserve Conference on Key Developments in Monetary Policy in Washington October 8, 2009. (File Photo) REUTERS/Kevin Lamarque SANTA BARBARA, Calif., Oct 19 (Reuters) – Federal Reserve Chairman Ben Bernanke on Monday said that the performance of the dollar and the U.S. economy will depend on the government’s success in controlling the country’s budget deficit.

China to let partnerships invest in stocks

October 13, 2009

BEIJING, Oct 13 (Reuters) – China will allow partnership enterprises to invest in stocks as part of efforts to expand its capital markets, according to draft rules published by the securities regulator on Tuesday.

China recovery not yet on solid footing – Xi

October 9, 2009

China's Vice President Xi Jinping arrives at Abelag airport in Brussels October 7, 2009. Xi Jinping is on a three-day official visit to Belgium.    REUTERS/Francois Lenoir   (BELGIUM POLITICS)   BRUSSELS, Oct 9 (Reuters) – China’s economic recovery is not yet on a solid footing so the country will carry on with its fiscal stimulus for now, Chinese Vice President Xi Jinping said on Friday.
   Speaking at an economic seminar during a visit to Belgium, Xi forecast that a return to growth across the world would be slow and gradual. (more…)

China wants IMF to fix world monetary system, U.S. sees surveillance role

October 6, 2009

By Simon Rabinovitch and David Lawder
ISTANBUL, Oct 6 (Reuters) – The IMF needs to fix “intrinsic defects” in the world’s monetary system, China said on Tuesday as officials from around the globe wrestled with how best to ward off future financial crises.