China bank watchdog drafts regulations on bankruptcy on August 14, 2017The China Banking Regulatory Commission said on Tuesday that it is drafting regulations on the disposal of bankruptcy risk in commercial banks, the 21st Business Herald reported. The regulations will be based on core principles of effective disposal as raised by the Financial Stability Board. It will also give full consideration to close-out netting, the […]
The secret to moving factories to US: cost, tax and supply on April 3, 2017Are the days of China as a manufacturing hub over? This question has sparked extensive and fervent discussions since China’s glass king, Cao Dewang openly compared the cost of running factories in the US versus China to justify his US$1 billion investment to set up a factory in Ohio. “Except for labor, everything in China […]
Dare to be different on March 13, 2017 Finding one’s place in the cut-throat world of finance is tough for anyone in a patriarchal society such as India and it is even harder for women, but there have been some inroads. In no small way the first woman chairman of the 210-year-old State Bank of India successfully found her place, navigating the […]
Death, taxes & too many babies on November 6, 2016 A region in China’s northwest will restrict families who breach the two-child policy by putting up obstacles on employment, securing bank loans and buying insurance. The Ningxia Hui Autonomous Region issued a regulation that listed a number of areas where residents would be deprived of benefits or access to credit among other things if […]