China Economic Review - Alpha en copyright 2017 China shadow banking crackdown causes cash crunch <p>China's financial system suffered a cash crunch last week as new regulations designed to curb&nbsp;shadow banking&nbsp;caused big lenders to hoard funds, highlighting the danger of unintended consequences from official moves to lower their debt, according to the <a href=""><em>Financial Times</em></a>.&nbsp; Analysts have warned of rising risks from banks' increased reliance on volatile short-term funding rather than customer deposits to fund loans and other investments. Thu, 01 Jan 1970 08:00:00 CST PBOC chief calls for greater use of fiscal policy <p>China central bank chief Zhou Xiaochuan on Sunday called for greater use of fiscal policy to grapple with domestic growth and structural problems. &nbsp;Monetary policy, he said, could be left to handle reflation, prevent an outbreak of financial risks and counter the spillover ­effects of an interest rate upcycle across the Pacific, the <a href=""><em>South China Morning Post</em></a> reports. Thu, 01 Jan 1970 08:00:00 CST ICBC: Trump may open doors in Mexico for China <p>Trump's push to force US industry to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with Industrial and Commercial&nbsp;Bank&nbsp;of China (ICBC), the country's largest lender, said on Friday. Fears of a hit to foreign investment ran high when Ford Motor canceled a $1.6 billion plant in Mexico's in January. Trump hailed the decision as a major victory, although Ford put it down to declining demand for small cars. Thu, 01 Jan 1970 08:00:00 CST HNA buys $446mn stake in Old Mutual <p>Chinese conglomerate&nbsp;HNA Group&nbsp;agreed to buy a 25% stake in&nbsp;Old Mutual's US asset management unit for about $446 million, adding to a $30 billion spending spree since last year, <a href=""><em>Bloomberg</em></a> reports. Old Mutual is selling down its holdings in&nbsp;OM Asset Management&nbsp;to HNA Group in two tranches, according to an emailed statement on Sunday from the London-based company. Thu, 01 Jan 1970 08:00:00 CST Apple wins IP ruling appeal in Beijing <p>A Chinese court has overturned a ruling against&nbsp;Apple over iPhone patents, a win for the tech giant in one of its toughest markets. The Beijing IP Court ruled the iPhone 6 and iPhone 6 Plus don't infringe on patents for exterior smartphone design held by a defunct local manufacturer, Shenzhen Baili Marketing Services, <a href=""><em>The Wall Street Journal</em></a> reports. Thu, 01 Jan 1970 08:00:00 CST