In a draft regulation out for public feedback until April 12, the People’s Bank of China (PBOC) and four other financial regulators proposed credit rating agencies set up a quality appraisal system … ( read…
Tagged By banking
Breakingviews – Capital Calls – China’s banking giants are too big, too frail
That’s a huge improvement from previous quarters, when banks were directed by Beijing to lend to pandemic-battered sectors resulting in heavy loan-loss provisions. Beat-up valuations are due a boost: … ( read original story …)
Greenpeace warns of high risks after expansion of China coal plants
Climate watchdog Greenpeace Monday warned of “serious” environmental and financial risks due to the government’s approval of new coal-fired thermal plants in China last year. Coal-fired plants are one … ( read original story …)
Qudian Inc. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a leading technology platform empowering the enhancement of online consumer finance experience in China, today announced its unaudited … ( read original story …)
The Xinjiang Investigation: UN in negotiations with Beijing; China slaps sanctions against US and Canada
Secretary-General Antonio Guterres said in an interview broadcast on Sunday that the UN has been in negotiations with Beijing “without restrictions” to Xianjang to see how the Uighyur minority is … ( read original story …)
Moody’s – Stricter regulation on Chinese financial holding companies will help rein in systemic risks
The tougher rules aim to ensure FHCs and their underlying financial institutions maintain good credit quality and limit contagion risk from corporates’ nonfinancial businesses » Owners and FHC must … ( read original story …)
China’s Bank of Communications Posts 49% Quarterly Profit Rise as Pandemic Eases
China’s largest banks extended their share rally after unexpectedly delivering their biggest jump in quarterly profits in at least a decade, boosted by rising demand for credit and easing bad-loan … ( read original story…
China Life Singapore Wins 2020 International Finance Insurance Awards
International Finance Magazine has announced the winners of insurance awards 2020 on the website recently. China Life Singapore has been awarded as the “Fastest Growing Digital Transformation Life … ( read original story …)
Here’s what happened in that wild trading in China internet stocks
2. The dramatic drop in Viacom’s price resulted in margin calls. Archegos was also long many China internet names that traded in the U.S. 3. Goldman Sachs, Morgan Stanley, Credit Suisse, and Deutsche … (…
Higher Open Predicted For China Stock Market
The China stock market on Friday halted the three-day losing streak in which it had stumbled almost 80 points or 2.5 percent. The Shanghai Composite Index now rests just shy of the 3,420-point plateau ……
China’s Sinopec raises 2021 capital expenditure by 23.8%
China Petroleum & Chemical Corp … Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world’s media organizations, and … ( read original story …)
Rout in China Tech Shares Boosts Buying Opportunity, Citi Says
(Bloomberg) — The massive selloff in U.S. listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc … ( read original story …)
Three of China’s Big Five lenders post Q4 profit increase of over 40%
Meanwhile, China Construction Bank Corp (CCB … for the pandemic prevention and economic growth,” said ICBC Vice President Wang Jingwu. In its financial statements, CCB underlined the pressure on … ( read original story …)
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