HONG KONG China Minsheng Financial Holding Corp (0245.HK) is scouting for acquisitions of financial services companies including banks in Europe, betting on the bloc’s strengthening ties with the world’s second-largest economy, a top executive said.…
FINANCE
China finance ministry says France to encourage 'panda bonds'
SHANGHAI France will encourage its institutions to issue yuan-denominated “panda bonds” as part of efforts to boost financial cooperation with China, China’s Ministry of Finance said on Tuesday following a meeting between the two countries’…
China Rapid Finance Clinches Institutional Partners, Expands Investment Round
China Rapid Finance Limited (“CRF”), China’s largest consumer lending marketplace in terms of number of loans, today announced wide-ranging partnerships with two leading financial institutions that make CRF the first-in-class marketplace to achieve … (…
China Finance Investment : Fin Inv to buy financial leasing services firm
All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers 01:51a CHINA FINANCE INVESTMENT: Fin Inv to buy financial leasing services firm 04/11 CHINA FINANCE INVESTMENT: Fin Inv amends…
China’s service industry is back on track and bigger than you think
TD expects strong expansion of the service industry will be critical in achieving the government’s growth target of 6.5 to 7 per cent, as well as ensuring financial stability. Stimulus spending is responsible for much…
Another Financial Warning Sign Is Flashing in China
Add another credit indicator to the financial warning signs flashing in China. The adjusted loan-to-deposit ratio, which includes a range of off-balance sheet items and is an indicator of the banking system’s ability to weather…
China Rapid Finance Announces Partnerships With Sino Guarantee & Bank of Shanghai
Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has formed partnerships with two financial institutions, China United SME Guarantee Corp. (Sino Guarantee) and Bank of Shanghai. The lender stated Sino Guarantee would provide ongoing…
China, France officials vow to further boost economic, financial ties
Chinese Vice Premier Ma Kai and French Finance Minister Michel Sapin have co-chaired the fourth China-France High Level Economic and Financial Dialogue. Chinese Vice Premier Ma Kai (L), who is in Paris for the fourth…
Rise of the robo-adviser in mainland finance
They provide customized investment advice to individual investors based on big data and artificial intelligence, and their momentum of growth has picked up in China as a batch of internet companies and traditional financial institutions…
BMO wins China approval to quote loonie against yuan
Bank of Montreal said on Tuesday it had been named the first and only Canadian bank approved by the People’s Bank of China to quote the Canadian dollar against the yuan as a market maker…
Credit Suisse hires banker in China onshore private banking push: memo
HONG KONG Credit Suisse has hired former RBS banker Rick Meng as head of China onshore private banking, according to an internal memo, as the Swiss private bank looks to tap the wealth management business…
China's currency just hit lows not seen since the financial crisis
China’s currency keeps sinking against the dollar. Since Donald Trump won the U.S. presidential election last week, Beijing has allowed the yuan to tumble. The fall continued Tuesday, with one dollar buying around 6.86 yuan,…
China October central bank FX sales at $39.2 billion, easing from September
BEIJING China’s central bank sold a net $39.2 billion worth of foreign exchange in October, data showed on Monday, easing from an eight-month high hit in September but still indicating continued official interventions to support…