China’s financial watchdogs are considering casting a huge new regulatory net over the country’s vast shadow banking sector. The central bank has spearheaded the drafting of new regulations to tame China’s 60 trillion yuan (HK$67.7…
FINANCE
China offers banks lure of lower reserves to get more money to ailing sectors
BEIJING China’s central bank said on Tuesday that it will extend a preferential scheme for some banks that will free up additional funds for lending, as long as they channel money to weaker, cash-starved sectors…
Economic Watch: China's central bank to walk fine line in multi-tasking operations
As China’s central bank has shifted to a prudent and neutral monetary policy, it will likely be more careful in balancing its multiple goals. (Xinhuanet file photo) BEIJING, Feb. 19 (Xinhua) — As China’s central…
Hang Seng Bank cuts risky China lending after full year profits fall 41pc
Hang Seng Bank said it has reduced risky lending in mainland China after it reported a 41 per cent slump in profits last year due to rising bad loans and lower fee income, factors weighing…
Another crack in China's financial stability
Last month, China’s foreign exchange reserves just fell below the psychological threshold of $3 trillion. The event got people talking about yet another worldwide financial firestorm. For Thailand, things could get even rockier than in…
China's Ant to invest $200 mln in Korea's Kakao Pay amid global push
SHANGHAI (Reuters) – China’s Ant Financial will invest $200 million in Kakao Pay, the mobile payment subsidiary of South Korean messaging platform giant Kakao Corp, extending a major push by the Chinese firm to create…
Guangdong banking regulator widens core debt for lenders to ease burden – sources
SHANGHAI Feb 21 China’s banking regulator is allowing banks in the southern Chinese province of Guangdong to count negotiable certificates of deposit with a tenor of more than 90 days as part of their minimum…
Exclusive – China's Sinochem may sell 40 percent stake in Brazil's Peregrino oilfield: sources
SINGAPORE/NEW DELHI/BEIJING (Reuters) – China’s Sinochem is exploring the sale of its 40 percent stake in Brazil’s Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned…
Beijing banned North Korean coal, and traders are scrambling
A surprise announcement from Beijing last weekend that it had banned coal imports from North Korea is causing a fracas in China ‘s coal market, as traders scramble for supplies of the commodity that is…
CPP Investment Board CEO says China, Canada face similar pension issues
BEIJING—The top executive at Canada’s largest retirement … launch of a Chinese translation of Fixing the Future — a book tracing the political and financial hurdles that were overcome when the Canada Pension Plan Investment…
City cluster program gets bank's backing
Programs to support the coordinated development of Beijing, Tianjin and Hebei province－into a planned new city cluster expected to fuel the growth of the whole Bohai Bay area in the coming decades－will get the backing…
Beijing SL Pharmaceutical Co Ltd 002038 Financial and Strategic SWOT Analysis Review [Updated: 13012017] Prices from USD $300
Biopharmaceuticals are medical drugs produced using biotechnology. They include proteins (including antibodies), nucleic acids (DNA, RNA or antisense oligonucleotides) and living microorganisms like virus and bacteria where the virulance of viruses and b.. ( read…
China bans all coal imports from North Korea, severing major financial lifeline for regime
China has announced it is suspending all coal imports from North Korea until the end of the year in a move which will deal a major financial blow to the Pyongyang regime. The surprise announcement…
