Shares of mainland Chinese banks rose in morning trading in Hong Kong on Monday as Beijing clenched an iron fist to clean up irregularities to shore up lenders’ corporate governance. The Industrial and Commercial Bank…
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China hit hard in Myanmar…, Karenni rebels shoot down ‘made in China’ fighter jet worth Rs 710000000 in…, Big blow for Beijing due to…
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10 times bigger than the Pentagon, spread over 1,500 acres, China building ‘Beijing Military City’ under…, big tension for US due to…
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Chinese bank shares rise on Beijing’s reiteration to weed out irregularities
Report: World’s biggest bank ICBC comes to Greece
The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), is coming to Greece, being the second Beijing bank with interests here after the China Development Bank. ICBC, boasting €3.2 trillion ($3.9 trillion)…
China’s Banking Regulator Fines 19 Banks Over $3-Billion Pledged Loan Fraud
BEIJING (Reuters) – China’s banking regulator has imposed fines of 52.5 million yuan ($8.36-million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan ($3-billion) pledged loan…
China’s central bank injects liquidity into market in January
The People’s Bank of China (PBOC) is seen in this file photo taken in Beijing. [Photo/Xinhua] BEIJING – China’s central bank injected 495.5 billion yuan ($78.8 billion) into the market via various tools in January…
China’s banking sector reports growing domestic assets in 2017
BEIJING, Feb. 1 (Xinhua) — China’s banking sector reported growing domestic assets and debt in 2017, official data showed Thursday. Domestic assets of financial institutions in the banking sector stood at 245.78 trillion yuan (38.99…
Shanghai banking regulator tightens rules on acquisition loans for property projects – sources
SHANGHAI/BEIJING (Reuters) – The banking regulator in Shanghai, China’s commercial capital, has told commercial banks to “strictly control” acquisition loans for financing property development projects, two sources with direct knowledge of the matter … (…
People’s Bank of China issues commemorative 10-yuan coins
(Xinhua/Zhang Bo) A bank clerk displays commemorative coins for the Year of the Dog in Beijing, capital of China, Feb.2, 2018. The People’s Bank of China issued commemorative 10-yuan coins on Friday. (Xinhua/Zhang Yuwei) Photo…
China central bank asks EU to reconsider thresholds for bank supervision requirements
BEIJING (Reuters) – China’s central bank on Tuesday asked the European Union authorities to reconsider proposed rules that require foreign banks to set up parent holding companies for supervisory purposes, if they have assets of…
China carries out first run of unmanned vessel as it seeks to boost maritime security
China has conducted the first run of an unmanned surface vehicle in its latest move to build up a blue-water navy that can support its maritime security. Military mouthpiece the People’s Liberation Army Daily reported…
China: US Disrespects Latin American Countries
He also attacked China’s state-led development model arguing it “is reminiscent of the past,” adding “it doesn’t have to be this hemisphere’s future.” China’s Foreign Ministry defended its economic ties with the region claiming they…
LG Quits the Chinese Smartphone Market, Blames Tough Competition From Local Brands
Now, the latest news from China confirmed the exit of LG from the Chinese smartphone … While LG remained stagnant in Europe, Huawei has grown to become one of the leading smartphone brands. In most…
China wants local investors to have a share of the success of its US-listed tech giants
China’s market regulator is looking into ways to enable domestic investors to trade shares in US-listed Chinese tech firms, as the country looks to spread the benefits of the global success of companies such as…
Chinese retailers are eschewing the 2018 IPO boom to go private. Here’s why
When Chinese footwear retailers Belle International and Pou Sheng International (Holdings), and department store chain Intime Retail Group listed on the Hong Kong stock market years ago, they were riding on a rebound spurred by…
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