The asset-management division of JPMorgan Chase & Co. is paying $410 million for a 10 percent stake in the state-owned China Merchants Bank. ( read original story …)
Tagged By banking
Is US-China friction at Alaska meetings a sign of worse to come or start of something better?
Analysts in Asia say both Washington and Beijing are hesitant to give ground on issues that divide them, like the South China Sea. ( read original story …)
American Rescue Plan: China increasingly concerned by US economic policy after Fed maintains loose stance
The US Federal Reserve will keep its benchmark interest rate near zero and continue sizeable asset purchases to pump liquidity into financial markets hot on the heels of the US$1.9 trillion American … ( read…
JPMorgan Asset Management to invest in China bank’s wealth mgt unit
China Merchants Bank Co Ltd said on Friday its wealth management unit is expected to receive investment of 2.7 billion yuan ($414.80 million) from JPMorgan Asset Management (Asia Pacific) Limited. ( read original story …)
China to ‘tap policy brakes’ amid global commodity price rebound, but will look to ‘avoid a policy cliff’
China’s strong economic recovery from the coronavirus has seen the likes of iron ore, copper and oil record steep price gains this year, but Beijing is set to ‘tap the policy brakes’ to rein in…
JPMorgan to Buy $410 Million Stake in Chinese Bank’s Wealth Business
The U.S. bank’s asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank, marking the first time a Chinese bank has opened up its wealth-management subsidiary to … (…
Asian markets follow Wall St lower after Fed bump
Asian stock markets have followed Wall Street lower after rising bond yields dampened enthusiasm about the Federal Reserve’s promise to keep interest rates low … ( read original story …)
JPMorgan Asset Management to invest in China bank’s wealth management unit
HONG KONG (Reuters) – China Merchants Bank Co Ltd said on Friday its wealth management unit is expected to receive investment of 2.7 billion yuan ($414.80 million) from JPMorgan Asset Management (Asia … ( read…
China seen standing pat on lending LPR benchmark for 11th month
However, Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, told a news conference that he expected lending rates would rise this year in tandem with higher market interest … ( read original…
China Slams Xiaomi-Backed XW Bank Over Violations
China’s banking regulator lashed at an online lender backed by Xiaomi Corp. over a range of violations, in the latest sign of intensifying scrutiny on the financial operations of the nation’s … ( read original…
China’s banking regulator admonishes Xiaomi-backed online bank XW Bank for charging 30 per cent service fee on consumer loans
China’s banking regulator has issued an admonishment against an internet-only lender backed by Xiaomi for violating the country’s lending rules, as it intensifies its scrutiny of the financial … ( read original story …)
EU countries to restart AstraZeneca use, Biden’s hardline on China, airline lift-off
Share on Whatsapp (opens new window) Europe’s biggest countries are set to resume using the Oxford/AstraZeneca coronavirus vaccine after the EU drugs regulator said the jab was safe, and the US is … ( read…
CICC Underwrites the First Financial Green Bond Issued by China Development Bank
China International Capital Corporation (CICC, 03908.HK, 601995.SH) acted as the lead underwriter for China’s first green financial bond issued by China Development Bank (CDB), China’s top policy bank … ( read original story …)
