China’s yuan firms as state banks sell retreating dollar

The People's Bank of China set the midpoint rate at 6.8934 per dollar prior to market open, firmer than the previous fix of 6.9086. The spot market opened at 6.9015 per dollar and was changing hands at 6.9007 at midday, -79 pips away from the previous late ... ( read original story ...)

China's Minsheng takes on U.S. funds in bidding for Novo Banco

LISBON China's Minsheng Financial Holding ... while an Apollo-Centerbridge combination and Lone Star have also made bids for all of the bank, the sources said on Tuesday. Portugal salvaged the "good bank" in a 4.9-billion-euro rescue of BES, which ... ( read original story ...)

China Beckons Overseas Banks and Asset Managers

China’s recent decision to open more of its domestic market ... “There is a continuing measured move by Chinese regulators to open up the banking market,” Reichbach notes. “Another example would be the relatively recent opening of the card payments ... ( read original story ...)

China's Housing Market Isn't a Bubble, Says One Strategist

He later was a Shanghai-based strategist in CSLA Ltd., an investment banking arm of Credit Agricole SA. China has no housing bubble and there’s no looming banking crisis, he says. His optimism rests on his view that the housing market is on a solid ... ( read original story ...)

China suitor tightens grip on Curacao oil project

Under the framework pact, Guangdong Zhenrong will provide this month a letter of guarantee from China Development Bank to finance up to 85 percent of the project, which includes building a new gas terminal and expanding oil storage on Curacao, a tiny ... ( read original story ...)