Ahead of the 2016 Asian Development Bank annual meeting in Frankfurt, the president of the ADB discusses China’s slowdown and reform agenda while underscoring that other parts of Asia – such as India – are still growing strongly. Interview by Stefania Palma.
Latest articles from China
Two months after finalising Haitong Securities' acquisition of Novo Banco's investment banking unit, now called Haitong Bank, the parent company's deputy CEO and the UK head of the new bank talk about the acquisition, their international growth plans and what a jittery renminbi means to them.
Huge debts and questionable investments have driven many Chinese local governments to the brink. Now regulators have stepped in with a package of reforms. Stefania Palma asks how effective the new measures will be after decades of poor supervision.
Worries over China's economy would abate if market authorities communicated better and avoided overzealous interventions. And, for their part, investors should keep their cool when faced with less-than-stellar growth figures.
China Zheshang Bank chairman Shen Renkang discusses China's economic slowdown and financial market shocks of 2015 and the bank's growth strategy in a tricky local and global environment.
The renminbi is now the world's fifth most popular international payment currency, and has the fourth placed Japanese yen in its sights. Financial policy reform and the introduction of new clearing centres have been crucial to this rise, but will the troubles the Chinese economy has experienced in the past few months derail its progress?
Interim results show top Chinese banks heading for a lacklustre year.
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