China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund…
FINANCE
Banks lead China stocks higher on financial deregulation
SHANGHAI, Nov 13 (Reuters) – China stocks rose on Monday morning, led by banks, as excitement over financial deregulation unveiled last week continued to boost sentiment, mitigating wider concerns about higher corporate borrowing costs amid…
China Opens Up Financial System
Nov.12 — Andrew Collier, managing director of Orient Capital Research, discusses China opening up its financial system and where he sees opportunity. He speaks on “Bloomberg Daybreak: Asia.” ( read original story …)
UBS’s Qian Says China Is Maturing in Financial Markets
Nov.12 — Eugene Qian, chairman of UBS China Strategy Board, discusses China’s plan to open up its financial sector and what it means for investors. He speaks on “Bloomberg Daybreak: Asia.” ( read original story…
China opens finance industry to foreign firms, but is it too late for Hong Kong players?
China’s decision to remove foreign ownership restrictions on financial firms within five years has been welcomed by Hong Kong’s government, but many in the local financial industry believe the change will has come too late…
Chinese Banks Enjoy Few Bad Loans But Central Bank Warns Of Risks
governor of the People’s Bank of China, has been issuing increasingly stark warnings over China’s financial stability that are difficult to ignore. How does one reconcile these phenomena—how can banks flourish while cracks in the…
China raises cap on foreign investments in its mammoth financial sector
A Chinese national flag is seen among buildings at the Yujiapu financial centre, in Tianjin, China February 22, 2016 , Reuters/Jason Lee BEIJING — China will raise foreign ownership limits in financial firms in a…
China opens up capital markets to drive reforms
Foreign firms get a chance to have bigger slice of financial service market as Beijing aims to be global banking hub BEIJING • Foreigners … Mr Xi is driving economic reforms by opening up China’s…
Foreign banks praise new rules that remove China ownership handicap
While Morgan Stanley initially had operational control of CICC, the first Sino-foreign brokerage joint venture between Morgan Stanley and China Construction Bank, and UBS and Goldman Sachs managed to gain operational control of their respective…
Beijing on brink of economic collapse, warns Chinese bank chief
Beijing [China], November 11 (ANI): Zhou Xiaochuan, the governor of China’s central bank – the People’s Bank of China (PBOC), has warned that China’s financial system is becoming more vulnerable due to high levels of…
China Opening Its Banks Is Great, If You Like Bad Debt: Gadfly
In a surprise move, and timed with U.S. President Donald Trump’s state visit, China said it would scrap foreign ownership limits for banks and asset management firms. Asia’s biggest economy has been talking about opening…
China to ease ownership limits on foreign joint ventures in finance sector
… since 2007 when foreign banks were allowed to set up locally incorporated operations in China. Foreign players in the insurance and investment banking businesses are obliged to operate through joint ventures with domestic companies,…
China Eases Limits on Foreign Stakes in Financial Firms
They have also been distracted by domestic issues and other trade issues. Some international banking acumen may be welcome in China. The country’s state-controlled banking system has lent heavily to state-owned companies and affiliates of…
ADVERTISEMENT
