Traders are struggling to decide whether China’s markets have topped out, with those who invested early in the reopening trade reducing risks, while others who missed the boat wait for a March …
FINANCE
Top Tech Financier Goes Missing in China, Spooking Sector
Is China about to get tough on Big Tech again? The disappearance of investment banker Bao Fan raises that prospect.
Bao Fan: One of China’s most high-profile billionaire bankers reported missing
Mr Bao’s disappearance comes months after the former president of his company was taken away by Chinese authorities.
Chinese billionaire Bao Fan vanishes, with suspicion falling on Beijing
Bao Fan, the billionaire chairman and chief executive officer of investment bank China Renaissance, hasn’t been heard from in two days. The 53-year-old had a prominent role in the financial and …
China’s top banking regulator fines 5 banks over irregularities
Five financial institutions were fined a total of 387.9 million yuan (about $56.5 million) for irregularities in their businesses, China’s top banking regulator said on Friday. Bank of China, China …
China Removes PICC, Bank of China Chairmen From Party Roles
China has removed the Communist Party chiefs from two of its biggest state-owned financial firms, sparking concerns of a renewed clampdown on the sector.
Xi Jinping says China is in Iran’s corner amid pressure from U.S. and Western allies
Chinese leader Xi Jinping expressed support for Iran during a visit by its president as Tehran tries to expand relations with Beijing and Moscow to offset Western sanctions over its nuclear …
China banking regulator fines five firms over irregularities
BEIJING : China’s banking and insurance regulator fined five financial institutions including China Construction Bank and Standard Chartered’s China unit over irregularities in their businesses, …
Shares in a big Chinese investment bank plunge 20% after its billionaire founder goes missing
The rock star dealmaker’s vanishing comes after Chinese authorities launched an investigation into his subsidiary firm as Beijing cracks down on the tech industry.
China top tech dealmaker goes missing amid graft crackdown
Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder Bao Fan, one of the country’s most hig…
Bao Fan: Billionaire tech banker in China reported missing
His firm’s announcement has renewed concerns of a potential Beijing crackdown on finance and tech figures. Shares in the investment firm plunged on Friday, after it told shareholders it had “been …
China’s Top Tech Banker Is Missing? Here’s What That Means
When the investment bank China Renaissance Holdings said it had lost touch with Bao Fan, its prominent founder, it sent shudders through the investment community. Many feared it’s a sign another …
Analysis-China’s Mortgage Rate Cuts Spur Prepayment Rush, Threaten Bank Earnings
It also highlights, however, how mortgage rate cuts and other measures to aid China’s faltering property sector, hit by a slump in demand and a cash crunch at major developers, ha …
