China’s central bank injected Rmb502bn ($74bn) of cash into the banking system on Monday morning through loans to commercial banks, in the latest indication that policymakers are moving to ease moneta… ( read original story…
FINANCE
China Stocks Rise as Banks Boosted by New Wealth Product Rules
Industrial & Commercial Bank of China Ltd. jumped as much as 4.4 percent in Shanghai, following a 5.8 percent rally Friday. Agricultural Bank of China Ltd., China Merchants Bank Co. and Bank of China ……
China’s shadow banking business declines
China’s shadow banking has declined sharply since the beginning of the year due to stricter supervision. “At the beginning of the year, authorities made it clear that the risks from shadow banking and … (…
Beijing battles public anger over fresh vaccine scandal
Beijing is scrambling to quell public anger over the revelation that a pharmaceutical company distributed hundreds of thousands of faulty vaccines, sparking a nationwide outcry following a series of s… ( read original story …)
Analysts Are Downgrading China’s Small Banks at Record Pace
Analysts are taking note of the struggles in China’s banking industry, which is being battered by an official deleveraging drive. At least five smaller lenders have been downgraded by credit-rating co… ( read original story…
China thinks long-term on financial stability — so should we
Where are we in the global economic cycle? I wish I had the answer. The unwinding of the Fed’s stimulus programs, combined with the risk of a global trade war and rising populism in a…
Bank of Korea Sees Possible Impact From China Deleveraging Plan
The economy of South Korea, which is very reliant on China, may see more adverse impact than previously expected from China’s plan for deleveraging, the Bank of Korea said in a report on Sunday. South…
Top Chinese financier warns Brexit puts London at risk of losing its status as hub for international banks expanding into Europe
Sun Yu, Bank of China’s UK chief executive and chairman of the China Chamber of Commerce in Britain, demanded clarity over Brexit, saying businesses like his are racking up costs due to the uncertaint… (…
Chinese banking regulator maintains tough line on market violations
BEIJING, July 21 (Xinhua) — Chinese banking regulators continued to take a tough line on market violations in the first half of the year to maintain stable market order and prevent financial risks. T… (…
China issues rules on wealth management of banks
The rules contain specific items designed to standardize the sector, including strengthened supervision, prevention of shadow-banking risks, better leverage control and protection of investor interest… ( read original story …)
China’s Yuan Extends Loss as PBOC Weakens Fix, Easing Bets Mount
(Bloomberg) — China’s yuan fell to a one-year low, as the central bank showed little sign of intervening to slow the currency’s descent and bets for monetary policy easing mounted. The yuan dropped 0 ……
China-UAE Conference on Islamic Banking to launch in November
DUBAI, 21st July, 2018 (WAM) — In line with the nationwide celebrations of ‘UAE-China Week’, Hamdan bin Mohammed Smart University, HBMSU, has reaffirmed its commitment to building bridges of knowledg… ( read original story …)
China steps up regulations of $3 trillion bank wealth management products
BEIJING (Reuters) – China’s banking and insurance regulator on Friday released long-awaited draft rules to strengthen regulations of commercial bank wealth management businesses, the latest step by Be… ( read original story …)
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