chineseeconomy
The European Commission is encouraging EU member states to support a French candidate when they vote next month on a new leader for standardisation body ETSI, over fears of links between two other key contenders with foreign businesses. The commission told national representatives that “standardisation bodies are becoming more political” and therefore asked them to back French candidate Gilles Brégant, director of the French spectrum agency ANFR and a former employee of the French Economy Ministry, for the job, according to minutes of a recent meeting seen by Euronews. Also up for the job are ...
Euronews (English)
Chinese trusts and wealth management companies have been struggling under the weight of tightening regulations and China's persistent property crisis - two phenomena that have hit the country's 'shadow banking' industry particularly hard and could have knock-on effects for Europe. Shadow banks, such as Sichuan Trust and Zhongzhi, are non-bank financial institutions, such as credit guarantee companies, hedge funds and asset management companies, that provide some of the key services of banks despite not being traditional lenders. It's a significant sector: according to the International Monetar...
Euronews (English)
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