… market has become a major source of financial risk and Beijing cannot rely on adjustments to monetary policy alone to resolve the “serious” problems caused by the sector, a central bank official wrote on…
FINANCE
RPT-UPDATE 1-China’s c.bank bans longer-tenor NCDs to close bank funding loophole
SHANGHAI/BEIJING, Aug 31 (Reuters) – China’s central bank has barred financial institutions from issuing certain kinds of interbank loans as a funding loophole, as it continues to keep a tight grip on the potential for…
China’s central bank bans new issuance of long-term NCDs
BEIJING, Aug 31 (Reuters) – China’s central bank said on Thursday financial institutions are not allowed to issue inter-bank negotiable certificates of deposit (NCD) with a tenor exceeding one year from Sept. 1. NCDs with…
Diverging paths: As China’s big banks improve, smaller lenders lag
But smaller, national and regional lenders – which control about a third of China’s banking assets – are still feeling the strain, hit by a regulatory crackdown on risky activity that has made it difficult…
AP Exclusive: China accuses outspoken tycoon in US of rape
The Chinese officials’ disclosures to the AP — an unusual move given the political sensitivity of Guo’s case in China — underscores Beijing’s urgent effort to not only bring a fugitive to heel on criminal…
Expert discounts risk of Chinese financial crisis
China may not encounter a major financial crisis like the one that hit the United States almost a decade ago given the former’s tight financial regulation and low household mortgage ratio, a senior economist said.…
Postal Savings Bank’s HK shares rise on A-share offer plan
Shares in the Postal Savings Bank of China rallied in Hong Kong on Wednesday after it unveiled plans to replenish its capital levels through an A-share offering. Its stock ended the morning session up 3…
China’s Big Banks Beat Profit Estimates as Bad Loans Curbed
along with China Construction Bank Corp., control about a third of the nation’s $36 trillion of banking assets. What’s more, as interbank lenders, their interest margins have benefited from the government’s campaign against financial leverage…
Bank of China net profit up 12%
BEIJING–Bank of China said on Wednesday its first-half net profit rose 12% on year, thanks to higher interest and fee income. Net profit for the six months ended June 30 rose to 103.69 billion yuan…
China’s postal bank plans Shanghai listing, seeks to raise $785 million
HONG KONG (Reuters) – State-owned Postal Savings Bank of China (1658.HK), the country’s biggest lender by branches, said it was planning a Shanghai listing, seeking to raise around $785 million. The move follows its Hong…
China Finance Online Co. Limite (NASDAQ:JRJC) Closed Its 50 Day Moving Average
Trading volume for China Finance Online Co. Limite was 191K on Wednesday. Shares saw a steep increase in trading volume of 406.64% over the normal average daily volume. Investors are feeling more bearish on the…
China rust belt banks ‘at centre’ of murky world of shadow banking
Regional banks in China’s rust belt provinces are driving the rapid expansion of shadow banking in the country, fuelling a web of informal lending that poses wider risks to the financial system, according to a…
To Disarm North Korea, Cripple A Large China Bank
Beijing, however, did not take the hint. Therefore, on June 29 President Trump’s Treasury Department, pursuant to Section 311 of the Patriot Act, designated Bank of Dandong a “primary money laundering concern.” The designation effectively…
