OTTAWA—Canada has been approved to join a controversial new international infrastructure bank led by China. The Asian Infrastructure Investment Bank says Canada is among 13 applicants approved for membership in the bank by its board…
FINANCE
Exclusive: HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta
the heart of the bank’s growth strategy in China. If that target is hit, the new additions will mean HSBC will have hired twice as many people as it did last year for this part…
China central bank urges tighter mortgage checks, no fake divorces
BEIJING (Reuters) – China’s central bank, wary of soaring property prices in Beijing, said on Friday that banks must strengthen mortgage risk management, and that includes cracking down on home buyers rushing to get divorced…
China to encourage financial innovation, control risks
vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. “In the context of putting more emphasis on defence against financial risks, we should continue to vigorously promote financial…
China’s big five banks to report 2016 earnings next week, here’s what to expect
The latest statistics by the China Banking Regulatory Commission released last month showed non-performing loan (NPL) ratio of commercial banks decreasing 0.02 percentage point to 1.74 percent by the end of 2016. Large NPL formation…
Moscow, Beijing draw closer in banking
Central Bank of Russia opens first overseas office in Beijing as part of ‘strategic partnership’ China and Russia will strengthen financial cooperation, especially in the fields of currency exchange, currency settlements and banking cooperation ……
China stocks rise for 2nd week as infrastructure spree offsets liquidity fears
SHANGHAI, March 24 China stocks rose on Friday as strong gains in the infrastructure sector offset concerns over tightening liquidity in the country’s banking system, increased regulation and fresh curbs on property investment. The blue-chip…
Hong Kong likely to choose Beijing's pick for leader amid tension, economic malaise
But on Sunday, 20 years later, only 1,200 people on an election committee stacked with Beijing loyalists will vote for the next leader of the Asian financial hub which witnessed weeks of sometimes violent street…
JD Finance Is Raising New Funding At RMB50B Valuation
JD Finance, is currently in the market raising fresh capital at a RMB50 billion valuation, a person with immediate knowledge of the matter told China Money Network. Investment institutions and individuals can buy JD Finance…
China's Chery files trademark complaint against Mercedes over green car brand
A Chery spokeswoman told Reuters on Thursday that the automaker had filed a complaint with the Trademark Office of the State Administration for Industry and Commerce, which it hopes will bar Mercedes from using the…
China stun Koreans to keep World Cup hopes alive
Yu Dabao struck in the first half as Marcello Lippi’s China stunned South Korea 1-0 to keep their slim World Cup hopes alive on Thursday. The Beijing Guoan forward’s header ensured China’s first win of…
China's ZTE posts Q4 net loss after U.S. sanction case fine
HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a…
China, Nepal to discuss joint military exercises
China’s defence minister will arrive in Nepal later Tuesday for talks on joint military exercises, a meeting that will be closely watched by India as Beijing boosts its influence in the region. Chang Wanquan will…
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