China central bank backs mortgage rate hikes in capital

BEIJING (Reuters) - China’s central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television (CCTV) on Tuesday quoted the central bank as saying. Mortgage lending ... ( read original story ...)

Bank of China permitted to start operations in Pakistan

KARACHI: The State Bank of Pakistan (SBP) has allowed the Bank of China Limited to commence its banking business in Pakistan. Earlier, the SBP issued banking licence to the Chinese bank in May 2017. The Bank of China has complied with important regulatory ... ( read original story ...)

Bank of China : Pak establishes banking channel with China

Pakistan has formally established banking channel facility to facilitate ever increasing trade volume between the two countries as China has become one of the major business partner of Pakistan. In this respect the State Bank of Pakistan has allowed ... ( read original story ...)

China hit by financial scam ‘epidemic’

Li Wenxing was starting a new life. In May, the young university graduate left his home in rural China on the offer of work with a software company in the city of Tianjin. But the job was a scam and Mr Li was swept into the web of a gang running a pyramid ... ( read ...