Category: FINANCE

BEIJING China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles. Ant's [ANTFIN.UL] plans ... ( read original story ...)

The strong reading should help underpin wobbly global financial markets but adds to worries that China's government is still relying too heavily on stimulus and "old economy" growth drivers and is not doing enough to tackle risks from an explosive build-up ... ( read original story ...)

BEIJING China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles. Ant's [ANTFIN.UL] plans ... ( read original story ...)

SHANGHAI An adviser to China's central bank has flagged that China's central bank could reduce the amount of cash banks need to hold, saying such cuts to the reserve requirement ratio would be normal given the sharp drops in its foreign exchange reserves. ( read original story ...)

BEIJING, April 16 A senior official at the China Banking Regulatory Commission (CBRC) is under investigation for suspected links to a loan scandal, the financial magazine Caixin reported, citing sources close to the matter. Yang Jiacai, assistant chairman ... ( read original story ...)

But aggregate financing, which includes bank loans as well as off-balance sheet lending, surged in March and was a record in the first quarter, raising doubts about the effectiveness of official efforts so far to clamp down on risks in the financial system. ( read original story ...)

The warning came after Yang Jiacai, assistant chairman of the China Banking Regulatory Commission (CBRC), was reportedly placed under investigation in relation to a loan scandal in Hubei province. Without confirming the investigation, a commentary posted ... ( read original story ...)

Now the China Banking Regulatory Commission has published measures to address risks in the financial and banking sectors. According to ChinaNews, CBRC highlighted 10 areas for improving risk control in both traditional and internet finance – which ... ( read original story ...)

China’s broadest measure of new credit increased more than estimated in March amid strong growth in shadow banking. New loans slowed for a second month while the money supply increased at the most sluggish pace since July. The acceleration suggests a ... ( read original story ...)

It may have arrived with little fanfare, but Russia's SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the Governor of Russia's central bank ... ( read original story ...)