That treasure is now being rediscovered. China has been experimenting with the use of PAED in green finance for twenty years now. This process could be described as having four stages. The first was characterised…
FINANCE
Big deals push financial tech to the fore
Leading the deals was Ant Financial Services Group, the financial services affiliate of e-commerce giant Alibaba Group Holdings that operates China’s online-payments platform Alipay－which closed a $4.5 billion fundraising round in April. Ping An-backed ……
Big China Banks Cut Bad Loan Ratios as Profits Beat Forecasts
Two of China’s biggest lenders cut their bad-loan ratios as they notched improved profits in 2016, showing the nation’s banking industry may be able to withstand slowing growth in the world’s second-biggest economy. China Construction…
Chinese Firm Takes Stake in U.S. Investment Bank Cowen
In the latest deal, CEFC China Energy, a Chinese conglomerate with big investments in oil in Central Africa, agreed on Wednesday to buy a stake in a century-old New York boutique investment bank, the Cowen…
Agricultural Bank of China beats expectations on cost savings
Li Zhicheng, the bank’s chief risk officer, said at a press conference in Beijing that the bank had lent 110 million yuan and HK$150 million to Huishan, with “equity as collateral.” Li added that ABC…
Chinese P2P Lenders Are Still Having Trouble Finding Bank Custodians
Just a month ago, the China Banking Regulatory Authority (CBRA) imposed a new policy that would require all P2P lenders to appoint a commercial bank as a custodian to their client’s funds. In the face…
China's Fosun CEO steps down, reshuffle to impact conglomerate
Fosun has been the posterchild for China’s decade-long outbound push … and shore-up the weakening yuan which fell to eight-year lows in December. Guo and Chief Financial Officer Robin Wang reassured investors regarding the impact…
A top exec at the China dairy company whose stock tanked 85% in minutes has gone incommunicado
China Huishan Dairy Holdings Co.’s Hong Kong-listed shares … The company said shares would remain suspended until it got an update on its financial position. ( read original story …)
China Spotlight: New Co-investment Structure Offers Potential Opportunity for MNCs
This new-style investment structure could help MNCs operating in China to pursue their strategic and business goals, and potentially gain asset appreciation,” Mr. DeWoskin says. George Warnock The ability to leverage these financial investment structures…
China facing heightened financial risks from property downturn: Moody's
BEIJING: Moody’s Investors Service warned on Wednesday that the financial risks facing China from a potential property downturn have grown as record lending has made banks more risk-prone while the government is less able to…
Profits near flat at two of China's Big Five banks, pressures persist
SHANGHAI Two of China’s ‘Big Five’ lenders, Bank of Communications (BoCom) and Agricultural Bank of China (AgBank), reported modest annual profit growth on Tuesday, as they battled operating pressures and the narrowest net interest margins…
China’s growing corporate-bank nexus is toxic mix
HONG KONG (Reuters Breakingviews) – The ever-closer relationship between Chinese companies and banks can be a toxic mix. A growing number of companies in the People’s Republic are buying into local lenders that need to…
China’s PBOC ‘persuades’ Shanghai banks to slow monthly mortgage growth
Banks in Shanghai are slowing mortgage loan growth amid the tighter stance by the People’s Bank of China to keep deleveraging the housing market, industry sources said. Lenders in the most populous mainland cities are…
