Financial analyst Sara Hsu looks at the new chairman of the China Banking Regulatory Commission (CBRC), Guo Shuqing, and the man he replaces, Shang Fulin. What has Shang done to deal with this murky financial sector, and can Guo do better, she wonders in Asia Times.
Category Archives: Beijing
Under president Xi Jinping, politics has become more dynamic than under his predecessor Hu Jintao. Anti-corruption, political reforms and increased infighting between different factions mark the news on an almost daily basis. And while everybody has an opinion, at the China Speakers Bureau we are happy to have a range of expert opinions on China´s political development.
Veteran China foreign correspondent and Pulitzer Price winner Ian Johnson has won the prestigious Shorenstein Journalism Award for 2016, the organization announced. Ian Johnson is currently working for the New York Times and the New York Review of Books. In a few weeks time his book The Souls of China: The Return of Religion After Mao will be available.
As long as funds are flooding the bike-renting business, the dance will go on. But, warns Beida business professor Jeffrey Towson at his website, when the music stops, the dancing will be over. Consumers might be the winners, as long as the music plays.
China annual political meetings passed without any great upheaval, but not all is well for president Xi Jinping, writes veteran journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao in the New York Review of Book. No legal reforms, no successor, and then there is the economy.
Journalist Ian Johnson discusses his forthcoming book The Souls of China: The Return of Religion After Mao on the return of religion in China. Chinese want now to do more than only make money, he says. They are looking what brings us together. What makes China tick?
Business analyst Andy Mok has nine take-away’s from this week’s central bank’s press conference. Fintech and startups got priority from the government, he writes in CGTN, and they prepare for global expansion. But domesticallly virtual currencies and digital payment systems are kept under control to avoid capital flight.
Company constructions via fiscal paradises, VIE’s or variable interest entities, are regular ways to avoid corporate government restrictions in China, and under official attack just for that. The Supreme Court fielded a verdict on transactions by one of those VIE’s, but – says accounting professor Paul Gillis on his weblog, it did not clarify whether VIE’s might lose their validity.
For the second year more billionaires call Beijing their home than New York, says the latest Global Hurun Rich List report. Concentration of capital into a few hands is outpacing the global creation of wealth, says Hurun chairman Rupert Hoogewerf to ECNS.