Yangtze River Delta becomes epicenter for China credit risk
SUZHOU, China (Reuters) - Suzhou, an ancient city in Jiangsu province 100 km (60 miles) west of Shanghai, lives in legend as one of China's most beautiful, famous for its...
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Hundreds rush to rural Chinese banks after solvency rumors
SHANGHAI (Reuters) - Hundreds of people rushed on Tuesday to withdraw money from branches of two small Chinese banks after rumors spread about solvency at one of them, reflecting growing...
Hundreds rush to rural Chinese banks after solvency rumors
SHANGHAI (Reuters) - Hundreds of people rushed on Tuesday to withdraw money from branches of two small Chinese banks after rumors spread about solvency at one of them, reflecting growing...
China rural mini-bank run exposes perils of deregulation
YANCHENG, China (Reuters) - Depositors wanting to withdraw money from a rural bank in eastern China's prosperous Jiangsu province ahead of the Lunar New Year holiday found the doors locked,...
China banks strike back against threat from Internet finance
SHANGHAI (Reuters) - China's brick-and-mortar banks are launching a counter-attack against the assault on their business from Alibaba and other Internet heavyweights, in a bid to staunch the outflow of...
Six China shadow banks threatened with default over coal firm exposure: paper
SHANGHAI (Reuters) - Six Chinese trust firms have lent more than 5 billion yuan ($824.6 million) to a delinquent coal company, state media reported on Friday, raising the prospect of...
China issues fresh curbs on shadow banking
BEIJING/SHANGHAI (Reuters) - China's cabinet has issued new guidelines to strengthen regulation of the shadow-bank lending that has helped fuel an explosion in debt levels since 2008, in the latest...
Regulators in uphill battle to boost blue chips as retail investors dominate
SHANGHAI (Reuters) - China has adopted a slew of policies aimed at boosting its long-suffering blue-chip stocks, mired at depressed valuations, but analysts say it will take years to change...
Chinese borrowers turn abroad as onshore credit tightens
SHANGHAI (Reuters) - Cash-starved Chinese borrowers could drive up dollar interest rates next year, drawing in huge amounts of foreign capital as they wrestle with tighter money at home and...
China pilot scheme aims to shatter assumption; investments are not guaranteed
SHANGHAI (Reuters) - China will launch a pilot programme next week aimed at shattering a widespread assumption among Chinese investors that products, even high-yield ones, provide guaranteed returns when offered...