The brand value of China’s top banks increased by 22% in 2017, more than double the average growth experienced by the world’s top 500 banks. The value of the 45 Chinese bank brands on the…
FINANCE
Reserve Bank fines China Construction Bank for failing to follow procedures
The central bank says the fine was due to weaknesses in the Chinese bank’s control measures rather than transactions involving money laundering or the financing of terrorism It is impossible to extract ore from the…
China stocks defy global downtrend, Hong Kong cuts losses on strong inflows
Buying has been concentrated in Hong Kong-listed Chinese lenders, such as CITIC Bank and China Everbright Bank Co. Ma Xixun, executive director at asset manger PinPoint, said he expects the Hong Kong market to remain…
UBS raises China 2018 GDP growth forecast
BEIJING – Swiss bank UBS has upgraded its forecast on China’s 2018 gross domestic product (GDP) growth, citing stronger momentum of the global economy and growth in China’s exports. The bank revised up its China…
Waldorf Astoria Beijing continues its reign as one of Beijing’s most prestigious luxury hotels
BEIJING, Feb. 5, 2018 /PRNewswire/ — Three new eminent and prestigious awards were bestowed upon The Waldorf Astoria Beijing in 2017, cementing its standing as a leader in the luxury hotel market in Beijing and…
China to stamp out cryptocurrency trading completely with ban on foreign platforms
“To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs,” said an article published by Financial News, a publication affiliated to the…
Foreign banks welcome to access local financial services market
By announcing its plan to launch new regulatory policies, China has shown it will open up its financial markets to foreign banks, the official said. ( read original story …)
Cats, rats and what a fistful of dodgy dollars in the desert tells us about China’s banking system
The Wenchang Road outlet of the Postal Savings Bank of China in the desert city of Wuwei is in the literal and metaphorical wild west of the Chinese financial world. Wuwei is in the remote…
Cats, rats and what a fistful of dodgy banking dollars in the desert tells us about China’s banking system
The Wenchang Road outlet of the Postal Savings Bank of China in the desert city of Wuwei is in the literal and metaphorical wild west of the Chinese financial world. Wuwei is in the remote…
Chinese bank shares rise on Beijing’s reiteration to weed out irregularities
Shares of mainland Chinese banks rose in morning trading in Hong Kong on Monday as Beijing clenched an iron fist to clean up irregularities to shore up lenders’ corporate governance. The Industrial and Commercial Bank…
Report: World’s biggest bank ICBC comes to Greece
The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), is coming to Greece, being the second Beijing bank with interests here after the China Development Bank. ICBC, boasting €3.2 trillion ($3.9 trillion)…
China’s Banking Regulator Fines 19 Banks Over $3-Billion Pledged Loan Fraud
BEIJING (Reuters) – China’s banking regulator has imposed fines of 52.5 million yuan ($8.36-million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan ($3-billion) pledged loan…
China’s central bank injects liquidity into market in January
The People’s Bank of China (PBOC) is seen in this file photo taken in Beijing. [Photo/Xinhua] BEIJING – China’s central bank injected 495.5 billion yuan ($78.8 billion) into the market via various tools in January…
