Wang YanhangFormer Vice Secretary General of China Banking Association.
Expertise : Financial Reform; Macro-economy
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Former Vice Secretary General of China Banking Association.
China, Japan must push financial cooperation
Financial cooperation between China and Japan has seen unprecedented changes recently, which is a positive sign amid the current global trend toward unilateralism. It also raises the question about whether the bilateral financial cooperation is being forged by two sides coming to each other's aid in a time of crisis despite old grievances and enmities, or if it is a result of long-term planning and foresight....2018-11-01
Dollar bonds show confidence in Chinese economy
On Thursday, China successfully issued $3 billion in sovereign dollar bonds, attracting the attention of the international financial market. ...2018-10-17
Moody’s downgrade of China’s rating not fair
International rating agency Moody`s downgraded China`s credit rating to A1 from Aa3 on Wednesday, based on its forecast that China`s financial strength would be affected by rising debt and a slowdown in growth that would lead to more dependence on policy stimulus. It was Moody`s first downgrade for the country since 1989. ...2017-05-26
Slowdown in private investment a concern, but focus needs to be on quality
China saw a big drop in the growth of private investment from January to April this year. According to official statistics, China`s private-sector fixed-assets investment (FAI) rose by 5.2 percent year-on-year during the period, down from a 12.7 percent rise last year. ...2016-05-27
Pressure from regulator to improve risk control will help banks in overseas expansion
China`s banking regulator has recently unveiled new guidelines designed to enhance risk management concerning domestic banking institutions` overseas operations. This marks a strategically pivotal step forward in addressing risks posed by the rapid expansion of domestic lenders in overseas markets. ...2016-04-19
Moody’s inability to understand complexity of China’s economy
Even though Moody`s has established its reputation, whether its ratings are authentic is wholly up to the market to decide. Moody`s should understand the Chinese development model more deeply and note that it is very difficult to restore a damaged reputation....2016-03-14
Concerns about possible local bank crisis unfounded
there are some struggling city commercial banks in China. We are willing to accept any objective assessment of Chinese banks, but at the same time, unfair comments should be rejected. Regarding the argument against Bank of Jinzhou and the possibility of systemic risk in the Chinese banking sector, I don`t think these points are well-founded. ...2015-12-02
Criticism of hefty savings by govt agencies doesn’t take local needs into account
I believe that for an issue of such significance, it is imprudent to jump to such a simple conclusion without thorough research into how the money is being used by the government agencies, because different levels of government vary in their financial capabilities and financial management. ...2015-11-20
"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,