CHINA BANKING Corp. (China Bank) raised P10.25 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to stabilize its cost of funding and expand its business. At … ( read…
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China says US companies should lobby Washington over trade
China has a “great potential consumer market that is steadily more open,” said Gao. “We will continue to improve the business environment and protect the legitimate rights of foreign companies in Chin… ( read original…
China to restrict subsidies for shantytown redevelopment projects
BEIJING (Reuters) – China’s housing ministry said on Thursday it will restrict subsidies to cities with hot property markets for new projects to tear down and redevelop shantytowns, as Beijing battles … ( read original…
China central bank restarts open market operations
Pedestrians walk past the People’s Bank of China (PBOC) headquarters in Beijing, Jan 18, 2016. [Photo/VCG] BEIJING – China’s central bank restarted reverse repo on Thursday to offset the impact of mat… ( read original…
Ex-bank head returns to face trial
Xu Chaofan, former head of the Kaiping subbranch of Bank of China in Guangdong province, has been returned to China from the United States to face trial on charges of embezzlement and corruption, the ……
Bank graft suspect repatriated from US
XU CHAOFAN, suspect in a US$485 million bank embezzlement case, was repatriated back to China yesterday, 17 years after he fled to the United States, the country’s top anti-graft agency said. Xu Chaof… ( read…
China approves set-ups of branches of overseas banks
The China Banking and Insurance Regulatory Commission (CBIRC) approved the application of Arab Bank for setting up a branch in Shanghai, and the application of CTBC Bank for establishing a branch in S… ( read…
Deutsche Bank Wins Nod to Underwrite Corporate Bonds in China
Deutsche Bank AG became the latest foreign bank to be allowed to underwrite China’s corporate bonds as the government opens up the onshore debt market. The German bank has received approval from the N… (…
China to adjust compensation policy for redevelopment reforms
BEIJING, July 12 (Reuters) – China’s housing ministry said on Thursday it will … adding that those with low inventories and high property prices should adjust their compensation for homes that are d… ( read…
Beijing urges U.S. firms in China to lobby Washington over trade war
BEIJING/SEOUL (Reuters) – China on Thursday said foreign firms … prepare responses and scenarios to cope with the economic impact of the trade row. Its finance minister also warned that the dispute … ( read…
U.S. companies in China mostly oppose tariffs, survey shows
Nearly 69 percent of the 434 respondents to the annual China Business Climate Survey of the American Chamber of Commerce in Shanghai opposed tariffs, while 8.5 percent backed them. The survey, conduct… ( read original…
Xiaomi’s deflated IPO: What are the lessons?
One can only speculate now as to whether the tepid investor response was due to bad timing for the mega-IPO, given the escalating trade war between the US and China and a generally weak broader…
U.S. firms doing business in China mostly oppose tariffs, survey shows
SHANGHAI (Reuters) – Most U.S. businesses operating in China oppose the use of tariffs in retaliation for the challenges they face, from an uneven playing field to poor protection of intellectual prop… ( read original…
