HONG KONG (Reuters) – China Merchants Bank Co Ltd said on Friday its wealth management unit is expected to receive investment of 2.7 billion yuan ($414.80 million) from JPMorgan Asset Management (Asia … ( read…
FINANCE
China seen standing pat on lending LPR benchmark for 11th month
However, Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, told a news conference that he expected lending rates would rise this year in tandem with higher market interest … ( read original…
China Slams Xiaomi-Backed XW Bank Over Violations
China’s banking regulator lashed at an online lender backed by Xiaomi Corp. over a range of violations, in the latest sign of intensifying scrutiny on the financial operations of the nation’s … ( read original…
China’s banking regulator admonishes Xiaomi-backed online bank XW Bank for charging 30 per cent service fee on consumer loans
China’s banking regulator has issued an admonishment against an internet-only lender backed by Xiaomi for violating the country’s lending rules, as it intensifies its scrutiny of the financial … ( read original story …)
EU countries to restart AstraZeneca use, Biden’s hardline on China, airline lift-off
Share on Whatsapp (opens new window) Europe’s biggest countries are set to resume using the Oxford/AstraZeneca coronavirus vaccine after the EU drugs regulator said the jab was safe, and the US is … ( read…
CICC Underwrites the First Financial Green Bond Issued by China Development Bank
China International Capital Corporation (CICC, 03908.HK, 601995.SH) acted as the lead underwriter for China’s first green financial bond issued by China Development Bank (CDB), China’s top policy bank … ( read original story …)
Country’s second financial court opens in Beijing
A court specializing in hearing finance-related lawsuits opened in Beijing on Thursday to help create a sound financial environment and promote the healthy development of the economy. The Beijing … ( read original story …)
China Stock Market Poised To Open Under Pressure
The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped almost 100 points or ……
US and China in fiery exchanges at start of Alaska meeting
US and Chinese officials engaged in a fiery exchange at the start of their first-high level meeting since Joe Biden took office in January, signalling that the two powers will struggle to find common ……
One of two Canadians accused by China of spying set to begin trial
One of two Canadians detained by China more than two years ago on suspicion of espionage, Michael Spavor, was due to go on trial on Friday, a case seen in Ottawa and Washington as part…
Beijing’s war on the credit boom
Like many small businesses across China, Mr Zheng Weijun’s freight company had struggled to obtain credit from the state-dominated banking system. But in 2018, the 12-lorry business discovered Fincera … ( read original story …)
New Beijing court to focus on finance cases
A court specializing in hearing finance-related lawsuits was established in Beijing on Thursday morning. The Beijing Financial Court aims to improve the handling of monetary disputes in China’s legal … ( read original story …)
Canadians Face Trials in China After Two-Plus Years’ Detention
Michael Kovrig and Michael Spavor will be tried separately on espionage charges in cases seen as payback for the U.S.-China clash over telecom-equipment giant Huawei Technologies. ( read original story …)
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