Three members of the board of directors at Genworth Financial Inc., are planning to retire from the board as the Henrico County-based insurance giant pursues other business options besides its … ( read original story…
Tagged By banking
Stocks are off to a mixed start, bank losses weigh on market
U.S.-listed shares Credit Suisse of Switzerland plunged after the bank warned that it could face big losses related … AP’s earlier story follows below. BEIJING (AP) — Global stock markets were mixed … ( read…
China’s shadow banking sector pushed into the light
China is looking to reduce the scope of risky shadow banking operations, yet the sector is vital to its economy. ( read original story …)
CPHI Stock: China Pharma Climbs on Financial Results
China Pharma Holdings, Inc. (NYSEAMERICAN: CPHI) is flying in the market this morning, and for good reason. The company announced its financial results for the full 2020 year, exciting investors. Here … ( read original…
Coolpad reveals financial data for 2020; reports 56.3% decline in consolidated income
Coolpad, the China-based smartphone manufacturer, has revealed the financial data for the year 2020. It revealed that the group generated a consolidated income of HK$817.6 million during the whole … ( read original story …)
China United Insurance Service Reports Revenue Increase of 29.6% and 2020 Financial Results
Quoted on OTCQB since March 22, 2021 China, Hong Kong and Taiwan, March 29, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – China United Insurance Service, Inc. (“CUIS”) (OTCQB: CUII), a leading Asian … ( read…
China debt defaults prompt authorities to tighten oversight of credit rating agencies
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…
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…
