Fran Wang
Caixin Global
Australia
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Past articles by Fran:
Morgan Stanley Frets Over Potential Bad Loan Rise
China bank investors, take note. Morgan Stanley has downgraded its recommendations on shares of China's big-four state-owned lenders, warning that Beijing's "resumption of less commercially viable credit policy” to support economic growth could lead bad loans to soar and eat into banks' profit. The brokerage giant lowered Shanghai- and Hong Kong-listed shares of Bank of China and Agricultural… → Read More
China Lifts Lockdown on Transport of Pigs and Pork in 23 African Swine Fever-Hit Provinces
China has lifted a ban on the transport of pigs and pork in and out of a total of 23 provinces after African swine fever outbreaks in those areas eased, a senior agricultural ministry official said Tuesday. The resumed production and transportation of live pigs in the regions are “picking up,” Wei Baigang, head of the Department of Development Planning of the Ministry of Agriculture and Rural… → Read More
China Stocks Rally on Upbeat Economic Outlook
Shanghai stocks posted a second strong day on Monday, bringing their combined gains to nearly 6% over the last two trading days, fueled by the latest surveys showing manufacturing activity in the country was recovering. The benchmark Shanghai Composite Index closed at 3170.36, up 2.58% from Friday. It hit 3176.62 during intraday trading, the strongest since the end of May. The Shenzhen Component… → Read More
Sign of Something Bigger? China Holds Off on Reapplying U.S. Auto Tariffs
Sign of Something Bigger? China Holds Off on Reapplying U.S. Auto Tariffs → Read More
China’s New Nasdaq-Style High-Tech Board Starts Taking Applications for IPOs
China’s New Nasdaq-Style High-Tech Board Starts Taking Applications for IPOs → Read More
China Stocks Suffer Biggest Drop in Five Months
China Stocks Suffer Biggest Drop in Five Months Mainland shares plunge on poor trade data, fear of valuation bubble in financial stocks → Read More
Leading Investment Bank Turns Upbeat on Property After Premier’s Report
Leading Investment Bank Turns Upbeat on Property After Premier’s Report → Read More
China Moves One Step Closer to New High-Tech Board
The Shanghai Stock Exchange has moved one step closer to hosting China’s much-anticipated high-tech board by completing recruitment of staff for the platform, Caixin has learned. The new employees are expected to start work in mid-March. The recruitment process started last November after President Xi Jinping announced that China will set up a Nasdaq-like high-tech board in Shanghai. The new… → Read More
CITIC Bank Gets New Chief
China CITIC Bank Corporation, one of the 12 joint-stock lenders that operate across the country, announced Wednesday it is getting a new president. The lender’s board of directors has agreed to promote Fang Heying, a vice president of CITIC Bank and its financial director, as the president. The appointment will become official once it is approved by industry watchdog the China Banking and… → Read More
Live Event: China’s New Securities Regulator Gives Much-Anticipated News Conference
Live Event: China’s New Securities Regulator Gives Much-Anticipated News Conference → Read More
Financial Regulator Appointed Head of Mega Insurance Investment Fund
An official in charge of the risk control of China’s insurance industry has been appointed chief of the country’s insurance investment fund that is tasked with financing projects serving national development strategy. Ren Chunsheng, director of the insurance funds investment supervision department of the China Banking and Insurance Regulatory Commission (CBIRC), will become the party secretary… → Read More
Chinese Gene-Editing Firm Gets $10 Million in New Fund-Raising Round
Chinese Gene-Editing Firm Gets $10 Million in New Fund-Raising Round → Read More
China Revises 2017 GDP Growth Down to 6.8%
The Chinese government announced Friday that it has revised the country’s economic growth rate in 2017 to 6.8%, down from the previously published 6.9%. The change was due to a reduction of 636.7 billion yuan ($94.0 billion) from the calculation of gross domestic product (GDP) for 2017, as more comprehensive data were obtained from various departments that only became available after the… → Read More
Key Annual Economic Meeting Ends After Three Days of Discussion: Xinhua
China’s top leaders, including President Xi Jinping, concluded a major economic meeting Friday where they outlined China’s economic policies for the next year and vowed to counter an ongoing growth downturn. All seven members of the standing committee of the Politburo – the Communist Party’s highest-ranking decision-making body that includes Xi and Premier Li Keqiang – attended the Central… → Read More
China's policymakers face hard choices as they brace for a tough 2019
Beijing will ramp up fiscal support and further relax its monetary policy stance in 2019 to prevent the deceleration in growth from slipping out of their comfort zone and causing massive layoffs that could endanger social stability. → Read More
China to Halt Punitive Tariffs on U.S. Cars, Auto Parts Starting Jan. 1
China announced Friday it will suspend punitive tariffs on U.S.-made cars and auto parts starting Jan. 1, another step by Beijing to implement agreements reached by presidents Donald Trump and Xi Jinping to call a truce to the bilateral trade war. The government will halt the imposition of duties that affect 211 product lines, such as hybrid passenger vehicles, diesel-engine trucks, chassis and… → Read More
Details Emerge on China's New High-Tech Board
China's proposed high-tech stock board will lower the profitability requirements for candidate companies but will not directly accept biotech firms that have not had any income, a source close to the Shanghai Stock Exchange has revealed amid scant early details. Draft rules for the upcoming trial of the board's registration-based IPO system have been completed but are still pending changes, the… → Read More
$6.1 Billion Loan Fraud Ends With 13 in Prison
Thirteen defendants who appeared Friday in the Intermediate People’s Court in Liuzhou, the Guangxi Zhuang autonmous region, received sentences ranging from 18 months to 10½ years in prison in a fraud case involving the attempted murder of a banker and $6.1 billion in swindled bank funds. Photo: Liuzhou Intermediate People’s Court → Read More
Xi Says China Will Expand Imports, Raise Costs of Intellectual Property Theft
Xi Says China Will Expand Imports, Raise Costs of Intellectual Property Theft - President’s promises touch on concerns central to Sino-U.S. trade conflict → Read More
Stocks Jump, Yuan Rallies After Xi and Trump Talk Trade
Stocks Jump, Yuan Rallies After Xi and Trump Talk Trade - News of ‘very good conversation’ sent benchmark index up more than 2% by early afternoon → Read More