China’s cabinet has appointed Cai Fang and Wang Yiming as new central bank monetary policy committee members, the country’s state council said in a statement on Saturday. ( read original story …)
Tagged By banking
China’s crackdown on housing speculators buying property with consumer loans cools down prices
Housing speculators in China find themselves in the crosshairs of regulators who are forcing them to sell property bought with personal and consumer loans, as authorities look to cool a buying frenzy. ( read original…
China to Curb Massive Foreign Flows as It Opens Up: CSRC’s Yi
China needs to balance opening up its markets with preventing potential risks, and must curb massive foreign capital flows, according to the head of the nation’s securities regulator. ( read original story …)
U.S., China Should Cooperate on Supply Chains: Ex-IMF Official
China and the U.S. should work together on a range of issues including stabilizing global supply chains and coordinating their monetary policies, a former top International Monetary Fund official said … ( read original story…
JPMorgan Acquires 10 Pct Stake In China Merchants Bank For $410 Million
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 …)
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…
