A third totaling $1 million was sent through a Bank of America account in New York to a China-based bank, which Kamakodi on Sunday identified as Zhejiang Rural Credit Cooperative Union in Hangzhou, China. Kamakodi…
FINANCE
need2know: Great Indian bank fraud and other macro cues for your day on D-Street
In January, Beijing outlined its ambitions to extend the initiative … banks could take a hit of more than $3 billion pertaining to $1.8 billion Punjab National Bank fraud, is false. “News appearing in certain…
Dissecting China’s Banking Sector
Deutsche Bank (DB) recently hosted its Access China 2018 conference which the management of the top five banks in China attended. The management of each bank shared the outlook of the bank on key metrics…
CHINA MINSHENG BANKING (600016)
China Minsheng Banking Corp., Ltd. engages in the provision of corporate and personal banking, treasury business, finance leasing, assets management, and other financial services.It operates its business through the following segments: Corporate Banking … (…
“Aggressive” hiring in Singapore as demand spikes for China-coverage bankers
The boom in demand for China coverage bankers is spreading from Hong Kong to Singapore. https://news.efinancialcareers.com/sg-en/239783/chinese-private-banking-clients/ The boom in demand for China coverage bankers is spreading from Hong Kong to Singapore. ( read original story…
Central bank to rein in risky State businesses
China’s monetary authority set up its multitasking goals this year to better balance economic growth, financial deleveraging and risk prevention while maintaining a tough regulatory stance. People’s Bank of China, the central bank, kept the…
HSBC becomes first international bank allowed to remit yuan to China
HSBC said on Wednesday that it had helped a Chinese national remit yuan from Australia back to mainland China, the first international bank to do so since a rule change in January. The transaction is…
China’s HNA group cuts stake in Deutsche Bank
Cash-strapped Chinese conglomerate HNA has stepped up efforts to restore confidence and bolster its balance sheet, announcing that it has further reduced its stake in German lender Deutsche Bank. The company managing HNA’s stake, C-Quadrat,…
US and China reportedly scuffled over nuclear ‘football’ during Trump’s Beijing visit
Things got physical between U.S. and Chinese officials over the nuclear “football” during President Donald Trump’s visit to Beijing last year, Axios reported Sunday. A military aide carrying the “football” — a briefcase with contents…
China’s Detective Chinatown II achieves box office sales of USD 128 million in China within three days
SHENZHEN, China, Feb. 18, 2018 /PRNewswire/ — With China’s Lunar New Year holiday break starting on February 16, the country’s movie industry entered its most competitive period of the year. Detective Chinatown II, written and…
Shipping Finance – Chinese new tool in becoming a global maritime power
The Jamestown reported that China began 2018 by making important strategic moves in the shipping industry. On January 10, COSCO Shipping Development, COSCO Shipping’s leasing finance arm announced a plan to establish a shipping fund…
China: We are a ‘Near-Arctic State’ and we want a ‘Polar Silk Road’
Through the promise of investments and trade growth, China made sure to take diplomatic steps in courting the Arctic Council. The country entered into joint ventures with Russian gas companies, it built a large embassy…
China’s ownership of U.S. debt continues to grow
China’s grip on America’s debt is getting even tighter. Their holdings of US government debt ballooned to $1.18T at the end of last year. That’s up $127B from 2016. Yahoo Finance’s Alexis Christoforous and Rick…
