“But it will make 2017 a difficult year to make money in Chinese financial markets, in our view. On the positive side, lower China macro risk is positive for risk assets globally.” Most sectors gained…
FINANCE
How important is the China ABS market to Volkswagen Financial Services?
Volkswagen Financial Services demonstrated the importance of the renminbi bond market in the company’s growth strategy with another fund-raising exercise amounting to 4 billion yuan (US$580 million). The three-year asset-backed securities (ABS) deal … (…
China's Financial Crackdown Wins Backing From Mobius to Fidelity
China’s escalating campaign to clean up its financial system is winning plaudits from some of the world’s biggest investors. Templeton Emerging Markets Group and Fidelity International are among money managers who’ve endorsed a raft of…
China banks miss out on US investment banking bonanza
What is holding the banks back is the way Beijing controls the top lenders to manage the supply of credit to the Chinese economy. Industrial and Commercial Bank of China, Bank of China, Agricultural Bank…
Blame Washington not Beijing for problems opening a bank account
What do Ai Weiwei, Joshua Wong Chi-fung and Agnes Chow Ting have in common? It’s funny how political agitators like to round on poor HSBC and claim persecution when they can’t open a bank account…
China's President Xi calls for increased efforts to maintain financial security: Xinhua
BEIJING Chinese President Xi Jinping called on Tuesday for increased efforts to ward off systemic risks to help maintain financial security, the official Xinhua news agency said. The country’s leaders have pledged to shift the…
China banks miss out on U.S. investment banking bonanza
NEW YORK As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent – Chinese banks. Despite their deep ties…
China, Canada launch economic and financial strategic dialogue in Beijing
Chinese Vice Premier Wang Yang (C), along with Canadian Finance Minister Morneau (L) and Canadian International Trade Minister Champagne, launches the China-Canada Economic and Financial Strategic Dialogue in Beijing, capital of China, April 25, 2017.…
CEO Tang Ning and CreditEase Honored for Contribution to Financial Literacy
BEIJING and SHANGHAI, April 25, 2017 /PRNewswire/ — Ning Tang, Founder and CEO of CreditEase, received the China Financial Literacy Distinguished Contribution Award at the 2(nd) China Financial Literacy Annual Conference held in Beijing and…
Overseas entities held $120.6 billion of China bonds at end-March: central bank
BEIJING China’s central bank said on Tuesday that overseas entities held 830.2 billion yuan ($120.6 billion) of domestic bonds as of end-March, up from the previous month’s 815.3 billion yuan. Overseas entities also held 776.8…
ING to participate in Bank of Beijing share offering
ING intends to participate in the private placement by Bank of Beijing which today filed its intention to issue approximately 2.4 billion ordinary shares to raise up to approximately RMB 24 billion (approximately EUR 3.2…
Is China on the verge of a banking crisis?
Damian Tobin receives funding from the Economic and Social Research Council but any views expressed here do not reflect those of the research councils. A variety of indicators suggest that China has come perilously close…
China cracks down on regulators jumping ship to banking jobs
China is attempting to shut a revolving door that allows financial regulators to jump ship to private companies by restricting the movements of officials after they leave their posts. The China Banking Regulatory Commission (CBRC),…
ADVERTISEMENT
