StanChart-backed China Bohai Bank seeks market listing

DALIAN, China China Bohai Bank Co [BOHAI.UL], one of the country's 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in the northeastern city of Dalian. By going ... ( read original story ...)

China banking assets up 12.5 pct y/y at end-May

BEIJING, June 27 (Reuters) - The value of assets held by China's banking sector rose 12.5 percent to 232.89 trillion yuan ($34.18 trillion) as of end-May compared with a year earlier, the China Banking Regulatory Commission (CBRC) said on Tuesday. ( read original story ...)

China launches five ‘green finance’ pilot zones

SHANGHAI China has launched five pilot zones to promote "green finance" and help pay for a war on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to notices published by the central bank on Monday. The five ... ( read original story ...)

Premier Li: China can control financial risks as debt rises

BEIJING — China’s top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are “generally under control” and Beijing can achieve this year’s development targets. Speaking at a meeting of the ... ( read original story ...)

Coal on the rise in China, US, India after major 2016 drop

China and the U.S. accounted for almost all the decline ... everyone else is irrelevant in the scheme of things,” said Tim Buckley, energy finance director for the Institute for Energy Economics and Financial Analysis. Burning coal for power ... ( read original story ...)

China sentences 3 Australian Crown Resorts staff to prison

Casino gambling, the marketing of casinos and organizing overseas gambling trips involving 10 or more people are illegal in China. “The three Australians and the other defendants pleaded guilty,” the Australian Consul General in Shanghai, Graeme Meehan ... ( read original story ...)

Financial app downloads up sharply in China

TOKYO -- China is seeing a sharp rise in downloads of financial applications, reflecting widespread use of mobile payment systems for taxi fares, utility charges and other payments. Financial app downloads in 2016 totaled nearly 600 million in China, more ... ( read original story ...)