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…
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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…
China’s capital controls have delayed Chinese funding to UK startups
More than one year later, one fund has yet to invest in UK startups. Sources told Business Insider that Chinese capital controls mean funds have difficultly bringing money in from China. In early 2016, it…
China Mobile (Hong Kong) Ltd. (CHL) Downgraded to Strong Sell at BidaskClub
Finally, BidaskClub cut China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Several other equities research analysts also recently weighed in on CHL. Zacks…
Chinese premier stresses innovation, business environment
China should reduce transaction costs and streamline administration, delegate power to lower levels and improve regulation and services, Li said. The government should also strive to create an internationally competitive business environment in which ……
China’s ailing Nobel laureate’s brothers visit; fears mount
China’s imprisoned Nobel Peace Prize laureate Liu Xiaobo’s two brothers were being allowed to travel to a northeastern city to visit him in a hospital Saturday, a friend and a former lawyer said, as concerns…
