one of the largest penalties levied on a Chinese bank and a sign Beijing is ramping up a crackdown on ways banks have been hiding risks. The China Banking Regulatory Commission said in a statement…
Monthly Archives For December 2017
China imposes record fine on Guangfa Bank over guarantees for defaulted bonds
BEIJING (Reuters) – China’s banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan (£81.2 million) for providing illegal guarantees for defaulted corporate bonds sold through an…
Should You Buy China Eastern Airlines Corporation Limited (HKG:670)?
But what if there is still an opportunity to buy? Let’s take a look at China Eastern Airlines’s outlook and value based on the most recent financial data to see if the opportunity still exists.…
China planning refugee camps along North Korean border: reports
China is considering plans for five refugee camps along its border with North Korea, according to media reports. Reports in the New York Times, the Guardian and other news outlets say a document shows that…
China is planning to build 5 camps for North Korean refugees amid fears of instability
North Koreans ride on a boat used as a local ferry as they cross the Yalu river north of the border city of Dandong, Liaoning province, northern China near Sinuiju, North Korea on May 23,…
Boothbay Fund Management LLC Takes $449,000 Position in China Unicom (Hong Kong) Ltd (CHU)
Complete the form below to receive the latest headlines and analysts’ recommendationsfor China Unicom (Hong Kong) Ltd with our free daily email newsletter: Boothbay Fund Management LLC bought a new stake in China Unicom (Hong…
Shares that proliferate your speculations: China Unicom (Hong Kong) Limited (CHU)
As it reflects the theoretical cost of buying the company’s shares, the market cap of China Unicom (Hong Kong) Limited (NYSE:CHU) is currently rolling at 42.42B, making it one of the key stocks in today’s…
Why mainland Chinese IPO shares jump 44% on trading debut
SHANGHAI — Beijing’s tight grip on China’s stock market seems to be … Technology ended their first day of trading on Dec. 4 at 20.48 yuan, 44.02% above the IPO price of 14.22 yuan. On…
Alberta beef and pork producers hope new deal with China will pay big dividends
China is loosening restrictions on Canadian beef and pork … “When you have a greater variety of markets, your price stabilizes,” Campbell told Global News on his farm just north of Edmonton. “The value that…
China stocks fall, financial and transport firms weigh
SHANGHAI, Dec 12 (Reuters) – China stocks fell on Tuesday, erasing the bulk of their gains the previous session, led lower by financial and transport firms. Investors are worried over whether China’s central bank would…
China’s scrutiny of online finance industry will end in tears for unqualified companies
China will finish a nationwide inspection of its burgeoning internet microloan industry by the end of next month as the nation cracks down on cash loans and other irregularities, according to a document seen by…
Ten Chinese banks oppose central bank’s new asset management rules – sources
BEIJING/SHANGHAI (Reuters) – Ten Chinese joint-stock banks raised objections to new central bank rules to tighten regulations on the asset management industry during a close-door meeting in Shanghai last week, three sources with knowledge of…
China’s Country Garden suspends property services unit spin-off
HONG KONG, Dec 12 (Reuters) – China’s largest developer by sales Country Garden said it has suspended a plan to spin off its property services unit due to a change in government policies. The company…
