Dong XimiaoExecutive Director of Hengfeng Bank Research Institute, Observer of Retail Banking, renowned commentator on finance and economics.
Expertise : Commercial Bank; Financial Reform
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Executive Dean of Research Institute of Hengfeng Bank, Senior Fellow of RDCY, observer of Retail Banking, renowned commentator on finance and economics, Senior Economist and Financial Planner. He owns many years experience of banking and has served as managers in provincial branches of some large-scale commercial banks. He presented the concept of the Vast Retail Banking completely, did some research and published many articles about that. Currently his book Interesting Finance just published.
Trade war will harm all global players
Since the beginning of this year, trade frictions between China and the United States have significantly escalated. And with additional US tariffs on $34 billion worth of Chinese goods taking effect on Friday, the US has now launched a full-blown trade war against China....2018-07-11
Fed hikes rates, emerging markets need to avoid sharp devaluation
The Federal Reserve raised its benchmark short-term interest rate a quarter of a percentage point on Wednesday and the emerging market countries need to be alerted about the upcoming impacts, experts predicted....2018-06-14
China`s first private credit-scoring firm starts operation
Private credit-scoring companies can supplement the state-run database in providing inclusive financial services...2018-05-25
International trade calls for rules, not hegemony
China is not afraid of a trade war and is capable of fighting back with various means, Chinese analysts said after US President Donald Trump signed a memorandum imposing tariffs against China last week....2018-03-27
Limits on foreign payment firms lifted
The People`s Bank of China (PBC), the country`s central bank, announced on Wednesday that access restrictions for foreign third-party payment firms will be lifted in order to promote a new overall opening-up pattern. ...2018-03-22
Joint efforts can clean breeding grounds for bad debt in China
China`s banking regulator has announced it would adjust the provision coverage ratio for commercial banks from 150 percent to a range of 120-150 percent and the loan provision ratio from 2.5 percent to a range of 1.5-2.5 percent. The notification also said the ratios will be adjusted on a case-by-case basis within these ranges. These steps show China is moving forward with curbing bad debts....2018-03-19
China to give adequate account of impact before finalizing new asset management rules: regulator
Financial institutions will also be forbidden from creating a "capital pool" to manage funds raised through asset management products. The practice allows banks to roll over the products constantly. The investment losses will be implicitly covered by the new product issuance....2017-12-12
Uncertainties of overseas markets may transmit P2P risks back to China
A number of Chinese peer-to-peer (P2P) lending companies went public in the US this year. As they go public overseas, it creates potential risks that may eventually affect China`s financial stability. Supervision is needed to bring the P2P lending sector in order. ...2017-11-30
"2016: G20 and China"
This book from the "history" of the G20's past and present, a comprehensive discussion of the G20's origin and role, agenda,