Posted inAustralia, Beijing, China, Guangzhou, Oceania, World

China’s watchdog gets its teeth into banking ‘bad boys’

China’s banking watchdog has always had a loud bark. But now it is starting to bare its teeth in a move to clamp down on excessive debt, off-balance sheet activities and market misdemeanors in the financial sector. Since March last year, the Banking Regulatory Commission has uncovered nearly 60,000 cases of fraud involving 17.7 trillion […]