Four years after a crunch hit China’s money market, the People’s Bank of China remains haunted by it, and those fears could hinder Beijing’s efforts to stave off a real financial meltdown. What happened this week four years ago gave China possibly its closest taste of a financial crisis as […]
The head of a major Taiwanese bank has been detained on suspicion of granting illegal loans, just months after another banking scandal rocked the island’s financial sector. SinoPac Holdings chairman Ho Shou-chuan and two others are being probed over an alleged NT$5 billion (US$164.7 million) of loans made to an […]
Historically, China has always adopted a stringent and robust approach to managing online access. It was one of the first (and the few) nations to censure the Wikipedia website, for example, with the Chinese version of the site blocked entirely for a sustained period of time back in 2004. Popular […]
Connectivity within the Chinese banking system is growing, a new report has warned, increasing financial contagion risk across the sector as a whole, if any companies were to suffer serious distress. The study, by top Chinese securities company Everbright Securities, released on Wednesday, highlighted national joint-stock commercial banks, as well […]
The fallout from the unfolding crisis at Anbang Insurance, whose chairman, the high-profile tycoon Wu Xiaohui, has stepped down amid reports he has been taken away by the authorities, could reverberate through the whole financial sector, analysts said.
Understanding cultural difference is the key in building lasting relationships with your business partners abroad. China has a long and rich history and culture that has built a business environment that is markedly different than U.S. business culture: