Fan Yifei, vice governor of the People’s Bank of China, told a forum that a sizeable proportion of the 5,000 third-party wealth management firms in China do not have the licence to sell insurance or…
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China’s unlicensed asset management firms still a threat, central bank official says
China approves 7 new IPO applications
China’s top securities regulator has approved the initial public offering (IPO) applications of seven companies. Shanxi Huaxiang Group Co., Ltd., Ways Electron Co., Ltd., Hangzhou Li-On … ( read original story …)
China’s unlicensed asset management firms still a threat, central bank executive says
Some unlicensed asset management companies are still operating in China, causing a “serious threat to financial stability”, a top official of China’s central bank on Saturday. ( read original story …)
China’s unlicensed asset management firms still a threat, c.bank exec says
Some unlicensed asset management companies are still operating in China, causing a “serious threat to financial stability”, a top official of China’s central bank on Saturday. Fan Yifei, vice governor … ( read original story…
Shenzhen start-up board to challenge Shanghai for tech listings, adding fuel to ‘technology war’ with U.S.
The broadening IPO reform will help strengthen the appeal of China’s capital markets at a time when Chinese tech firms face growing U.S. scrutiny and risk of being delisted from U.S. markets. ( read original…
South Korea, China hold highest-level talks since coronavirus outbreak
Yang Jiechi, a member of the Communist Party Politburo, was meeting South Korea’s new national security advisor, Suh Hoon, in the southern port city of Busan to discuss coronavirus cooperation, … ( read original story…
China’s consumer finance firms report growing client base
China’s consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report. By the end of June, … ( read original…
China’s investment in Belt and Road countries up 28.9%
BEIJING (Xinhua): China’s non-financial direct investments in countries along the Belt and Road (B&R) stood at US$10.27 billion in the first seven months, up by 28.9 per cent year-on-year, data showed … ( read original…
International Financial Center Property Ltd. — Moody’s affirms ratings of Beijing Capital Land and its subsidiaries; outlooks stable
Moody’s Investors Service has affirmed Beijing Capital Land Limited’s (BJCL) Ba3 corporate family rating (CFR). 2. The provisional (P)B1 backed senior unsecured rating on the medium-term note (MTN) … ( read original story …)
Hong Kong-listed developer Shenzhen Investment’s unit wins plot in Guangzhou’s Nansha district in record US$578 million
Shum Yip Land, a unit of Hong Kong-listed Shenzhen Investment, has won a plot of land in Guangzhou’s Nansha district for a record 4 billion yuan (US$577.9 million), a new price benchmark in the ……
Beijing says residents can go mask-free
Health authorities in China’s capital Beijing have removed a requirement for people to wear masks outdoors, further relaxing rules aimed at preventing the spread the novel coronavirus after the city … ( read original story…
China reports 22 coronavirus cases, sixth day without local transmission
China reported 22 cases of the new coronavirus in the mainland for Aug. 21, same as a day earlier, the health commission said on Saturday. All 22 new infections were imported cases, according to a…
From Trump’s TikTok Mess to US Tech Cold War Against China
To avoid conflict in national jurisdictions, Zhang had TikTok and its Chinese version Douying run on separate servers. TikTok’s data collection is similar to that of major US social media and … ( read original…
