The Senate on Thursday unanimously passed legislation imposing sanctions on banks doing business with Chinese officials involved in the implementation of Beijing’s new draconian national security law on Hong Kong. The bill, which is now headed to the White House for President Donald Trump’s signature, would authorize sanctions on foreign individuals who are on an […]
Shadow Banking Warning Highlights China’s ‘Debt Time Bomb’…
The mere mention of shadow banking was always going to conjure images of dimly-lit rooms and shady deals, evoking Hollywood’s film noir genre. In reality, of course, those two words are probably enough for the mandarins in the rarefied atmosphere at the People’s Bank of China to break out in a collective cold sweat. With […]