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…
FINANCE
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…
New Hong Kong finance chief faces first major test when he delivers his budget on Wednesday
Now comes a daunting new challenge – to not only differentiate himself from his predecessor in terms of public finance philosophy, but also to win the trust of his future boss and Beijing. Recent eyebrow-raising…
China suspends North Korean coal imports, striking at regime’s financial lifeline
BEIJING — China will suspend all imports of coal from North Korea until the end of the year, the Commerce Ministry announced Saturday, in a surprise move that would cut off a major financial lifeline…
China halts North Korea coal imports after missile test
“(China) will temporarily stop its imports of coal from North Korea for the rest of this year (including coal for which customs applications have been made but not yet processed),” the commerce ministry said in…
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