BEIJING, May 3- China's banking regulator, in a move to rein-in the rapidly growing' shadow loans' industry, has told commercial lenders to properly account for lending products that may appear on their balance sheets as lower-risk investments. The size of China's' shadow loan' book rose by a third to $1.8 trillion in the first half of 2015, equivalent to 16.5... » Read More
BEIJING, Nov 10- China's $7 trillion card payment market is open to foreign and local applicants and regulators will not set a limit on the number of cards that issuers can grant in China, an official of the central bank said at a forum in Beijing on Tuesday. Significantly, overseas bank card providers such as Visa Inc and MasterCard Inc won't have to establish joint...
China's political leaders will focus Fifth Plenum discussions on economic growth, says John Lee, senior fellow at Hudson Institute.
Richard Martin, executive VP of IMA Asia, says China's 12th five-year plan contains contradictions and a lack of focus on reforms.
Scott O'Malia, CEO of the International Swaps and Derivatives Association, discusses global financial and capital reforms post-2008.
Puerto Rico could be completely illiquid by November, pushing it closer to defaulting on major debt payments, top officials said.
Starling Bank CEO, Anne Boden, explains why mobile is enough for people to manage their current accounts.
The CME Group plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday.
Tommy Xie, economist for treasury research and strategy at OCBC Bank, reckons China's Q3 GDP will come in at 6.7 percent, with little support from the property sector.
China's state-owned enterprises (SOE) need to boost productivity, which is becoming a top priority for Beijing, notes Uwe Parpart, MD and head of research at Reorient Financial Markets.
With reform momentum stalling, a swift depreciation in the rupee and subdued export demand, Indian business confidence is fast waning.
Sanjeev Prasad, senior executive director & co-head, institutional equities at Kotak Securities, says the political stalemate in India could take a toll on market sentiment.
Christoffer Moltke-Leth, head of sales trading, Asia Pacific at Saxo Capital Markets, says the devaluation of the yuan on Tuesday marks a shift to a more market-based currency policy in China.
Christophe Crombez, consulting professor at The Europe Center of Stanford University's Freeman Spogli Institute for International Studies, discusses Greece's next step.
Among the European Union members, Germany, Finland and Holland may vote 'No' to Greece's new rescue package, says Charles Ries, Former U.S. Ambassador to Greece from 2004-2007.
Neo Teng Hwee, MD, CIO & Head of Investment Products & Advisory at UOB Private Bank, says Beijing's recent intervention is at odds with its structural reforms.
Jian Chang, Chief China Economist at Barclays, is anticipating an upside surprise for June industrial output.
Julian Evans-Pritchard, China Economist at Capital Economics, explains the relationship between a falling stock market and economic growth.
Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.
Jonathan Cavenagh, Senior FX Strategist at Westpac, says the euro could hit 1.05 or 1.06 per dollar over the next two to three months.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.