This requires access to international financial networks — often through China-based banks and institutions — for laundering illicit income or carrying out trade purchases and sales in violation of the sanctions. These deals can largely…
Monthly Archives For July 2017
China and Taiwan mixed up in White House gaffe
These are external links and will open in a new window A formal statement from the White House was issued with a very public error – mixing up China and Taiwan. A press release following…
China’s retail banking poised to outgrow corporates as lenders aim for lower cost, better assets
China’s retail banking market is on path to become the world’s second largest by 2020, with the industry’s aggregate income growing 10 per cent to 3.2 trillion yuan (US$471 billion) according to a forecast by…
Chinese Bank Giants Lose $15 Billion in a Week on Share Rout
Investors couldn’t sell Chinese banking giants fast enough this week. Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd. and Bank of China Ltd. posted their worst weeks since at least June…
China’s probes on Fosun, HNA and others unleash the power of the unsaid word
The China Banking Regulatory Commission (CBRC), in an unusual move, ordered banks on June 6 to check their offshore exposures to these companies. The regulator was concerned amid the government’s efforts throughout 2016 to deter…
Banks and Internet Companies: A Calculated Relationship
(Beijing) — Banks and internet companies are shaping up to be the new power couple in China’s much-coveted consumer finance space. In late June, three tie-ups emerged within a week’s time: Industrial and Commercial Bank…
Economic Watch: China takes firm stance on deleveraging
BEIJING, July 9 (Xinhua) — China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy. The People’s Bank of China…
Top 10 global banks
The Industrial and Commercial Bank of China remains the world’s largest bank, according to the latest ranking released by The Banker magazine on July 3. ICBC has $281 billion in tier one capital, the key…
Dollar Down Against The Yen In Asia, China Banking Regulator Eyed
The dollar eased against the yen in Asia on Friday with no major regional data ahead, but investors are keeping a close eye on China as borrowing by some major private firms to buy assets…
Standard, ICBC back Chinese firms in Africa’s B&R markets
Standard Bank, Africa’s largest lender, and Industrial and Commercial Bank of China, the country’s largest lender, have teamed up to extend loans and foreign exchange services to Chinese companies operating in African countries that are…
China tests self-sustaining space station in Beijing
BEIJING Sealed behind the steel doors of two bunkers in a Beijing suburb, university students are trying to find out how it feels to live in a space station on another planet, recycling everything from…
Liu Xiaobo: Western doctors contradict China on Nobel laureate’s cancer
His doctors in China say he is too ill to travel abroad for treatment, and must remain in China. But medics from the US and Germany who examined Mr Liu disagree, and say he could…
British Olympic relay team gets medals nine years after race
LONDON — They stepped on the podium. The medals were presented. Nine years too late, and in London rather than Beijing for Britain’s 4×400-meter relay team from the 2008 Olympics. Michael Bingham, Martyn Rooney, Andrew…
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