Posted inAT Finance, Beijing, China, Hong Kong, Singapore, World

China gets tough on debt with ‘Rottweiler regulator’

President Xi Jinping has opened the door for confidante Liu He to push through economic reforms after China’s central bank was handed more power in a major shake-up in the financial sector. Details released during Tuesday’s session of the de facto parliament, the National People’s Congress, outlined plans for merging the banking and insurance regulators. […]