The banking sector in the Asian economic giant is the largest in the world by assets, according to a Financial Times analysis earlier this year. The health of China’s lenders is closely-watched as a proxy…
FINANCE
China’s Big Bang Moment Opens Banks, Brokers to Foreign Control
On Thursday, China’s Foreign Ministry foreshadowed the latest moves, with a statement saying that entry barriers to sectors such as banking, insurance, securities and funds will be “substantially” eased. Those comments came following a meeting…
Changes to foreign ownership rules on China financial firms effective immediately
BEIJING (Reuters) – Changes to foreign ownership rules on Chinese financial firms are effective immediately, a vice finance minister said on Friday. Government agencies will draft and announce detailed rules on foreign ownership, Vice Minister…
Senior Chinese finance official: China will ease foreign ownership limits in finance, auto sectors following criticism
BEIJING — Senior Chinese finance official: China will ease foreign ownership limits in finance, auto sectors following criticism. Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or…
China Bank books higher earnings in 3rd quarter
CHINA BANKING Corp. (China Bank) saw its net income grow in the third quarter as its core and fee-based businesses expanded. In a disclosure on Thursday, Sy-led China Bank said its consolidated net income in…
China, US sign more business deals during Trump visit
BEIJING (AP) — China on Thursday signed business deals it said totaled … to equally important issues such as complaints about restrictions on access to finance, health care and other industries in China’s state-dominated economy.…
BRIEF-China Development Bank Financial Leasing updates on finance lease transaction
* Lessee agreed to transfer and/or register leased assets under name of co for RMB4,500 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China Rapid Finance Reports Unaudited Third Quarter 2017 Financial Results
“Our low-and-grow strategy, driven by our technology-driven consumer lending marketplace, enables us to generate significant lifetime customer value and strong revenue and profit growth,” said Dr. Wang. “Our proprietary advanced analytics and big … (…
There are a bunch of signs that China’s banks may grow even stronger
The banking sector in the Asian economic giant is the largest in the world by assets, according to a Financial Times analysis earlier this year. The health of China’s lenders is closely-watched as a proxy…
China to ‘Substantially’ Ease Access to Financial Industry
On Thursday, amid a slew of Sino-U.S. dealmaking during President Donald Trump’s visit to China, the Foreign Ministry said entry barriers to sectors such as banking, insurance, securities and funds will be “substantially” eased. That…
China’s New Effort to Tame Its Financial System May Disappoint
BEIJING — China on Wednesday released fresh details about a new financial regulatory body intended to calm a financial system that in recent years has endured a stock market crash, a huge exodus of money…
China’s new financial oversight body vows to fend off risks
BEIJING (Reuters) – China has established a new Financial Stability and Development Committee to improve supervision coordination, Xinhua news agency said, in the latest effort to ward off systemic risks in the world’s second-largest economy.…
China’s Tencent buys 12 percent stake in Snapchat owner
(Reuters) – China’s Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company’s share price after badly received third…
ADVERTISEMENT
