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)…
Featured Posts Title
Trump prioritises Iran war over China, to delay Beijing trip as Hormuz blockade skyrockets oil price
Trump demands NATO and China police the Strait of Hormuz. So far they aren’t joining
Trump says U.S. wants to delay his meeting with Xi in China by ‘a month or so’ due to Iran war
Trump Side-Stepped Diplomacy on His Way to War in Iran. Now, He’s Asking China and Others for Help
Trump bypassed diplomacy on Iran, now asks China and allies for help
China Silent After Trump Asks Beijing for Help in Strait of Hormuz
Trump suggests he may delay China trip, but Bessent says it’s not to pressure on Strait of Hormuz
Recent Posts
Report: World’s biggest bank ICBC comes to Greece
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…
Buffett already ‘god of stocks’ in China, has $100 billion reason to invest more there
Six years ago Warren Buffett played the ukulele on CCTV during the Chinese New Year, endearing himself to hundreds of millions of viewers in China. With the Chinese New Year approaching again, the celebrity of…
