China will further regulate financial markets and get tough on illegal financial activities, deputy head of China’s banking regulator said Tuesday. “Despite progress in the ongoing financial scrutiny, the market is still prone to risks…
FINANCE
China’s commercial banks need to focus more on small businesses
SHANGHAI, Dec 6 (Reuters) – China’s city commercial banks should direct more of their lending to small businesses in a bid to boost the private sector and address regional economic disparities, a senior banking regulator…
China’s financial sector opening raises prospect of talent war
HONG KONG (Reuters) – In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in China as they sought a share of the country’s $1.5…
Festive Season at Sunrise Kempinski Hotel, Beijing & Yanqi Island
BEIJING, Dec. 5, 2017 /PRNewswire/ — The festive season filled with harvest and joy is starting. Let us celebrate the arrival of the winter in style with an incredible party on Yanqi Island. Take the…
Micro-lender China Rapid Finance spots opportunity in new rules
BEIJING (Reuters) – China Rapid Finance will make any adjustments needed to its business practices and the fees it charges in response to Bejing’s new requirements to clean up fast-growing online micro-lenders, its chief executive…
Canada, China delay launch of trade talks as Trudeau continues state visit
“China is very aware that this is a precedent as they move forward with the first trade deal with a G7 country and there is a desire that we get it right,” Trudeau said. “There…
Threat of Canadian financial crisis eases (but don’t take that to the bank)
And quarterly results from DAVIDsTEA Inc., Canadian Western Bank and Dollar General Corp. Friday: … and sympathy Have some sympathy for Mr. Trump as China reports its latest trade numbers, frequently cited as an irritant.…
In mortgage fraud frenzy, China’s banks face a hidden danger
The higher valuation convinced the Bank of China to lend Zhu 4.85 million yuan, leaving the lender less buffer against a price drop. Details of the deception are contained in a court judgment from a…
China Rapid Finance Views Long-term Impact of New Industry Rectification Notice as Favorable to Its Business
SHANGHAI, Dec. 4, 2017 — China Rapid Finance Limited (“China Rapid Finance” or the “Company”) (NYSE: XRF), a leading online consumer lending marketplace, today announced that it believes the long term impact of the principles…
China’s top two banks won’t lend to Adani’s Australian coal mine
SYDNEY (Reuters) – China’s two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises’ long delayed project. Industrial and Commercial Bank…
China’s biggest bank rules out financing Adani’s Carmichael coal mine
The future of a controversial Queensland mega-mine has suffered another setback with project funding from China looking increasingly unlikely. The Greens have heralded the end of the project after a second Chinese bank ruled out…
BRIEF-Bank of Beijing to pay div for preferred stock on Dec. 11
Dec 1 (Reuters) – Bank of Beijing Co Ltd : * Says it plans to pay 4.5 yuan (tax included) per share as dividend for preferred stock, on Dec. 11 ( read original story …)
Trade minister to press China on jailed Canadians during Trudeau trip
ANCHORAGE, Alaska — International Trade Minister Francois-Philippe Champagne says during a trip to China he plans to raise the case of two Canadian winery owners from British Columbia who have been held by Chinese authorities…
