MILAN – Italian media says the Bank of China has agreed to pay a 600,000-euro ($640,000) fine as part of a plea deal in a 4.5-billion-euro money laundering probe. The news agency ANSA reported that…
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Bank of China : Hong Kong's Inaugural Money Month Launched
HONG KONG, Feb 18, 2017 – (ACN Newswire) – The Investor Education Centre (IEC) today launched “Money Month,” Hong Kong’s first territory-wide financial education campaign under its cross-sectoral collaboration platform “Hong Kong Strategy for Financial…
Central bank continues net cash injection in money market
BEIJING – China’s central bank made a net cash injection via open market operations for the second consecutive day Friday in an effort to ease a cash strain. The People’s Bank of China conducted 150…
China’s retail investors grapple with a new investment challenge… the sunset of high-yield insurance products
A source at a joint stock bank in Shanghai said the bank used to sell universal … assets and liabilities that could spill over to a broader economy. In December, China Securities Regulatory Commission chairman…
China piles pressure on North Korea by banning coal imports
That should now end. China stopped importing some precious metals almost a year ago and banned the sale going the other way of fuel and other items associated with the weapons programme. South Korea’s Yonhap…
Danone targets $1-billion in cost cuts amid pressures at dairy arm and China
Food group Danone plans to cut costs by €1-billion over the next three years, saying the turnaround of its European dairy business was taking longer than expected while tough conditions in China would endure in…
Trump has a shocking conflict of interest with China
Why the abrupt change of heart? It’s worth noting that a few days after that phone call, something else happened: China granted Trump’s business a valuable 10-year trademark. The trademark was considered a surprise win…
Morgan Stanley bullish on China
China’s macro challenges have been well-telegraphed – a … The growth opportunities would most likely be from the areas of business services and real estate, along with healthcare, education and personal services. In particular, considering…
China says policies unaffected by Trump plan to bring factories back to U.S.
China’s steel sector has been under particular scrutiny, with mills subject to increasing numbers of anti-dumping moves amid accusations that they were selling at less than cost and forcing foreign competitors out of business. Vice…
China to suspend all imports of coal from North Korea
The ministry did not say why all shipments would be suspended, but South Korea’s Yonhap news agency reported last week that a shipment of North Korean coal worth around $1 million was rejected at Wenzhou…
China greenlights 12 IPOs
BEIJING, Feb. 18 (Xinhua) — The China Securities Regulatory Commission (CSRC) Friday approved initial public offering (IPO) applications from 12 companies. They will raise no more than 5.5 billion yuan (803 million U.S. dollars), according…
Would You Buy China Unicom (Hong Kong) Ltd (NYSE:CHU) On These Analyst Ratings?
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of China Unicom (Hong Kong) Ltd (NYSE:CHU). According to the the latest analyst ratings which have been released, 2…
China central bank says to tighten oversight of company debt, bank assets
BEIJING China’s central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of…
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