Cross-examined by William Boyce, a lawyer for Boath, Leighton agreed that Japan’s Sumitomo and China Development Bank sought Memoranda of Understanding to deepen relationships with Barclays … ( read original story …)
FINANCE
Ex-China Development Bank Official Punished for Integrity Lapses
A former China Development Bank (CDB) senior executive has been expelled from China’s Communist Party after an investigation found him guilty of “disciplinary issues,” the party’s graft buster said Th… ( read original story …)
RBC Told Bankers Avoid China Travel Amid Huawei Saga
Royal Bank of Canada recently told employees to avoid travel to China, people with knowledge of the matter said, amid a diplomatic feud over the arrest of Huawei Technologies Co.’s chief financial off… ( read…
China Yield Curve Steepens. Good Sign for Growth? Not Quite
Long-term yields have also retreated in recent months, but not by as much — reflecting some expectation that China will resume its focus on reining in financial leverage, according to Alex Wong at Am… (…
China to steadily resolve shadow banking risks: central bank
BEIJING (Reuters) – China will steadily resolve risks in the shadow banking sector and push for a stable transformation of financial institutions’ asset-management businesses, the central bank said on … ( read original story …)
Read This Before Selling Greater China Financial Holdings Limited (HKG:431) Shares
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders … ( read original story…
Hot-rolled mess: China’s steelmakers hit the skids as car sales slow
BEIJING (Reuters) – China’s steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country’s car sector, a key steel consumer, undergoes its first co……
China Best Group Holding Limited (HKG:370): Time For A Financial Health Check
The direct benefit for China Best Group Holding Limited (HKG:370), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. However, the … ( read original…
IMAX China Reports Full-Year 2018 Financial Results
IMAX China Holding, Inc. (“IMAX China” or the “Company”, HKG: 1970) today reported full-year 2018 Greater China revenue of $117.5 million and gross profit of $75.3 million, or 64.0% of revenues. ( read original story…
How U.S. bike companies are steering around Trump’s China tariffs
(Reuters) – U.S.-based bicycle manufacturer Kent International has found a way around President Donald Trump’s tariffs – by shifting production out of China. Like almost all U.S. bike makers, Kent has … ( read original…
With 10-to-1 Leverage, Shadow Banks Fuel China’s Stock Boom
The China Securities Regulatory Commission’s statement followed a pickup in advertising by margin-finance platforms, which operate with little to no supervision and offer far more leverage than the co… ( read original story …)
Beijing city plans RMB10 billion fund in tech push; aims to rival Shenzhen
Beijing Innovation could not be immediately reached for comment. It was set up by Beijing’s municipal State-owned Assets Supervision and Administration Commission (SASAC), which oversees the city’s st… ( read original story …)
China’s Central Bank Highlights Risk Prevention, Bond Market as 2019 Focus
BEIJING—China’s central bank vowed to step up scrutiny of the financial market and improve credit management in 2019, as the economy faces downward pressure and the task of preventing financial risks … ( read original…
