As announced on 25 April 2017, ING has participated in the private placement by Bank of Beijing (BoB) which has closed today. BoB has issued 2.9 billion ordinary shares with a value of approximately RMB…
FINANCE
ING Subscribes for 265 Million Shares in Bank of Beijing
ING Groep NV (INGA.AE) said Friday that it subscribed for 265 million shares worth about 1.89 billion Chinese yuan ($289 million) in a private placing by the Bank of Beijing Co. Ltd. (601169.SH). Continue Reading…
China c.bank promises to maintain ‘prudent and neutral’ policy
BEIJING, Dec 29 (Reuters) – China’s central bank pledged on Friday to maintain its “prudent and neutral” monetary policy and to use multiple policy tools to keep liquidity reasonably stable. Analysts expect the People’s Bank…
China looks for right balance between financial innovation, risk
An employee scans a quick response (QR) code displayed on Alipay app at a store in Hong Kong. [Photo/VCG] BEIJING – In today’s China, a QR code is a must-have for retailing businesses. From grand…
Declassified British files show how Beijing tried to stifle 1990s democratic reform in Hong Kong with airport finance negotiations
A new batch of declassified British government files has shed light on how Beijing tried to use negotiations over airport construction financing in the 1990s to curtail the development of democracy in Hong Kong and…
China Internet Nationwide Financial Services Inc. Signs Strategic Partnership Agreement with China Co-op Subsidiary
BEIJING, Dec. 29, 2017 /PRNewswire/ China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced that it has entered into a strategic cooperation agreement (the ……
BRIEF-China Fortune Financial Says Fortune Finance,China Jurong International & Chargors Entered Agreement
Dec 29 (Reuters) – China Fortune Financial Group Ltd : * CHINA FORTUNE FINANCIAL -FORTUNE FINANCE,CHINA JURONG INTERNATIONAL & CHARGORS ENTERED LOAN AGREEMENT,LENDER TO GRANT LOAN IN AMOUNT OF HK$60 MILLION Source text for Eikon:…
China regulator penalizes 13 financial institutions over illegal bank guarantee case
BEIJING (Reuters) – China’s banking regulator said on Friday it has penalized 13 financial institutions for providing funds to China Guangfa Bank, imposing fines and confiscating illegal income totaling 1.34 billion yuan ($206 million). The…
Donald Trump slams China and Vanity Fair in busy day on Twitter
DONALD Trump has publicly accused China of supplying oil to the North Korean regime, claiming it has been “caught red-handed”. According to a report from Fox News, drawing on information from the South Korean newspaper…
Debts lurking in China’s shadow banking system
SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank…
BRIEF-China Development Bank Financial Leasing Says Special Purpose Cos To Buy 5 Ships For $231.4 Mln
Dec 28 (Reuters) – China Development Bank Financial Leasing Co Ltd: * 5 WHOLLY-OWNED SPECIAL PURPOSE COS ENTERED SHIPBUILDING CONTRACTS TO BUY 5 VESSELS FOR $231.4 MILLION Source text for Eikon: Further company coverage: Our…
China’s leaders fret over debts lurking in shadow banking system
The Chang’an Trust product was one of countless so-called wealth management products sold to investors to help raise money for a massive wave of lending in China that began in the aftermath of the 2008…
China to ‘standardize’ market access for foreign lenders: regulator
BEIJING (Reuters) – China’s banking regulator has issued draft measures for amending its licensing and oversight of some foreign-funded bank activities, a move it says is aimed at promoting investment in the country’s fast-growing financial…
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