Wall Street hiring in Asia is coming under increasing scrutiny in the wake of a U.S. criminal investigation into whether JPMorgan Chase & Co. employed children of China’s elite in violation of anti-bribery laws.
Several blasts tore through a market in China’s turbulent Xinjiang region, killing 31 people and wounding 94, highlighting the government’s inability to end a spike in attacks it blames on ethnic Uighur separatists.
China’s broadest measure of new credit fell 19 percent from a year earlier and money supply grew at the slowest pace on record, underscoring risks of a deeper slowdown as the government tries to curb financial dangers.
China’s central bank Governor Zhou Xiaochuan said deposit rates will be liberalized in one to two years, as the nation expands the role of markets even amid an economic slowdown and risks from a credit boom.
China’s State Council may “dynamically fine-tune” the nation’s monetary and real estate policies, the Shanghai Securities News reported today, citing Li Wei, deputy director of the State-owned Assets Supervision and Administration Commission.