Small Chinese banks that have listed in Hong Kong in the past year are badly underperforming the rest of the market – and their exposure to China’s shadow banking system may be a major reason.Lack…
Monthly Archives For August 2017
Chinese bank IPOs in Hong Kong underperform broad index
From their IPO prices, their shares have moved between a gain of 7.5 … Those concerns may dampen demand for upcoming deals expected from Bank of Gansu, China Bohai Bank Co and Bank of Jiujiang.…
Douban reforms budgets, weighs listing
“Paying for valuable content online is becoming increasingly accepted by more users, and in that sense, Douban is now taking the right business path,” Liu Dingding, a Beijing-based independent … Douban would conduct an IPO…
What Beijing’s ring roads say about China’s foreign policy
Visitors to China’s capital, Beijing, will notice it has a series of ring roads circling out from the centre, around the Forbidden Palace and Tiananmen Square. The first ring road vanished long ago. The second…
South China Sea dispute: Vietnam stands tough against Beijing in ASEAN talks, Philippines reluctant
In the regional security forum, which began on Saturday, Vietnam has requested other Southeast Asian nations to take a stronger stand against China’s continuous expansion in the South China Sea. Ahead of the launch of…
ASEAN, Beijing adopt framework for crafting code on South China Sea
As in past criticisms, they did not cite China by name. Robespierre L. Bolivar, spokesman of the Philippines’ Department of Foreign Affairs, said the foreign ministers “endorsed the framework of the code of conduct for…
China seeks to shed light on its shadow banking system
The bulk of economists and investors outside China agree: the country’s already high debt levels are growing too fast and threaten its extraordinary run of economic growth. That worry is most commonly expressed in reference…
Trump ‘appreciates’ China, Russia backing on tough North Korea sanctions that have ‘big financial impact’
US President Donald Trump has commended China and Russia for their support on a US-drafted resolution ramping up sanctions on North Korea, saying he “appreciates” their votes. “The President appreciates China’s and Russia’s cooperation in…
Targeting Singapore’s property market, Chinese developers leave a trail of unease
When they come here, they have no restrictions. But when we go to China, we have to cross several hurdles to bid for projects. How is this fair?” asked the firm’s senior manager. Property consultant…
How China’s billion savers embarked on a household debt binge
Tianfeng Securities estimates the mortgage instalment to monthly income ratio, a measure of borrowers’ repayment capability, has reached 67 per cent, well over the 50 per cent red line set by the banking regulator. But…
Vietnam challenges China in Asean talks
Hanoi made its move in unscheduled and informal talks late on Friday night when it asked to insert tough language against Beijing in the usual communique that the regional bloc releases after top-level meetings. The…
China sets conditions for start of talks on sea feud code
China’s top diplomat said Sunday that talks for a nonaggression … annual summit in the Philippines in November if Beijing’s conditions are met. Wang told a news conference in Manila that those conditions include non-interference…
China urges North Korea to halt missile and nuclear tests
People’s Republic of China Foreign Minister Wang Yi greets North Korean Foreign … The first test of the ICBM, on July 4, “changed the game,” CBS News senior national security analyst Fran Townsend said last…
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