As only the second Chinese online lender to go public in the U.S. (first was Yirendai in 2015), China Rapid Finance is confident its new listing on the New York Stock Exchange will lead to…
FINANCE
Mountain China Resorts Reports 2016 Financial and Operational Results
For the year ended December 31, 2016, the Company generated revenues from resort operations of $14.76 million and a net loss of $11.39 million or $0.04 per share compared to revenue of $13.61 million and…
We haven't heard JPM CEO Jamie Dimon go this dark on China in a long time
NEW YORK – Something dark is happening in China’s banking system. It hasn’t been able to penetrate our noisy news cycle here on the other side of the world. But Jamie Dimon, the CEO of…
China Bank Investors Should Think Big
Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. There is some good news for Chinese…
China debt rising at “alarming pace” – bank official
China’s level of leverage and debt is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders over…
China’s banking watchdog vows to sort out ‘chaos’
“If the banking industry becomes a complete mess, as the chairman of the China Banking Regulatory Commission, I will resign!” There can be little doubt that this declaration, attributed to regulator Guo Shuqing, signals an…
China central bank injects $73.4 bn of liquidity in April, 18 per cent less than March
BEIJING: China’s central bank injected 506.39 billion yuan ($73.43 billion) into the financial system via short- and medium-term liquidity tools in April, down 18 percent from the previous month, sigalling a bid to rein in…
Resource prices quiver amid China's financial crackdown
But he’d be prudent to keep a close watch on China’s latest clampdown on its huge shadow banking sector, which could be critically important for Australia’s medium-term growth prospects. In particular, Morrison should be keeping…
P2P Lender China Rapid Finance Jumps in Trading Debut
(Beijing) — Shares of peer-to-peer (P2P) lender China Rapid Finance jumped nearly 30% in their first two trading days, kicking off a wave of IPOs for a handful of Chinese financial technology companies aiming to…
China banks hike lending rates for Beijing home buyers: sources
China CITIC Bank (601998.SS), Bank of Beijing (601169.SS) and China Merchants Bank (600036.SS) have also taken similar steps, according to the state-run newspaper. The banks didn’t immediately confirm the changes. China’s central bank didn’t immediately…
The rumored detention of a Chinese exec with Kushner ties could mean upheaval for China's banking system
Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Every regulator is on the move.…
China leverage rising at 'alarming pace': central bank official
SHANGHAI China’s level of leverage is rising at an “alarming pace”, particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country’s senior leaders over financial…
China’s tightening measures to continue but risks remain if markets pushed too hard
China’s financial authorities expect to continue their supervisory tightening in a gradual and phased manner, but the full impact on markets will depend how strictly the new rules are interpreted and enforced, said analysts. “Strict…
