Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) of Bank of Beijing Co., Ltd. (BOB) at ‘BB+’ and assigned a Short-Term IDR of ‘B’. The Outlook on the Long-Term IDR …
Tagged By banking
China’s c.bank tells major banks to increase loan quota for August – sources
Some major Chinese banks stepped up lending toward the end of August and reduced a backlog in property loans after being advised by the central bank to increase loan quotas for the month, two sources…
China-Australia trade: iron ore miner Fortescue set earnings, shipment records in past financial year
Australian governments and shareholders get rich from iron ore exports to China while traders in other industries struggle to find alternative markets for their banned goods.
China Construction Bank boosts inclusive loans in H1
The China Construction Bank CCB one of the country largest state-owned commercial banks saw its inclusive loans hit 171 trilli …
Nippon Steel Riding Beijing Policy Tailwind to Record Profits
China’s push to reduce carbon emissions is providing a tailwind for steel producers worldwide as it limits output from the country and pushes down the cost of key ingredient iron ore, according to …
Beijing has a new legal architecture for sweeping control over user data
Beijing wants to govern data as a key national asset within its borders, while trying to further unlock data’s potential.
China banking and insurance regulator fines PICC Property & Casualty
China’s banking and insurance regulator on Monday said it was fining PICC Property and Casualty Co Ltd due to a violation of the insurance law.The non-life insurer was fined 500,000 yuan (US$77,000), …
China to continue crackdown on cryptocurrency speculation
China will continually crack down on illegal fundraising and speculative trading related to cryptocurrencies, according to an official from the People’s Bank of China, the central bank.
China Game Stocks in U.S. Fall on Beijing’s Latest Crackdown
Chinese gaming stocks listed in the U.S. are under pressure once again after regulators in Beijing cut back the amount of time children can play online each week to just three hours.American …
Inside the Huarong Bailout That Rocked China’s Financial Elite
The numbers circulating through official Beijing were even worse than feared.This was looking like one of the biggest single money-losers in modern Chinese history. But who, if anyone, would be …
What is China Doing to Its Stock Market and Why? A Hypothesis
The US stock market is thriving while China’s stock market deteriorates. China could intervene to limit stock market losses, but it is not. Is China purposely losing a battle in order to win a war?
China’s Electric Two-wheeler Growth Opportunities
China’s two-wheeler market is highly mature, comprising domestic production, domestic sales, and import and export activities. China is also a major producer of two-wheelers in the world.New York, Aug …
China’s lottery sales rise in July
China’s lottery ticket sales totalled 36.25 billion yuan (about 5.6 billion U.S. dollars) in July, an increase of 96 million yuan from the same period last year, data from the Ministry of Finance …
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