Norway’s deputy central bank governor with responsibility for the world’s largest sovereign wealth fund has been forced to resign due to security concerns over his Chinese wife. Jon Nicolaisen, who … ( read original story…
Tagged By banking
US discussing ‘deal’ allowing Huawei’s CFO to return to China
The US Department of Justice is discussing a deal with Huawei Technologies chief financial officer Meng Wanzhou that would allow her to return home to China from Canada, where she was arrested on a US…
Grab among digital bank bid winners in Singapore
SINGAPORE: Ventures linked to the super-app Grab and the Alibaba-owned Ant Group are among four winners of digital banking licences in Singapore, in the biggest banking liberalisation initiative in … ( read original story …)
CORRECTED-China warns of risks of inflated credit ratings amid bond defaults
China’s interbank bond market regulator has warned of the risk of inflated credit ratings and widespread industry problems following a review, after defaults by highly rated state-owned enterprises … ( read original story …)
China issues first variable “DR”-based bonds in rate reform push
China’s first bond with a variable interest rate tied to a key benchmark dubbed “DR” was issued on Friday, marking the latest step by the central bank to improve the pricing mechanism for financial ……
Singapore Exchange lists China Development Bank’s onshore bonds
China Development Bank, one of the country’s major policy banks, announced Thursday to have successfully listed onshore bonds on the Singapore Exchange. A total of six CDB onshore financial bonds … ( read original story…
US in talks with Huawei finance chief Meng Wanzhou about resolving criminal charge
The U.S. Justice Department is discussing a deal with Huawei Technologies Co. finance chief Meng Wanzhou that would allow her to return home to China from Canada, in exchange for admitting wrongdoing … ( read…
China’s financial regulators fret about fintech’s power, and its risks to financial security. Here’s why
China has seized the global lead in tackling Big Tech lending which threatens to destabilise finance in multiple jurisdictions. ( read original story …)
U.S. in Talks With Huawei Finance Chief Meng Wanzhou About Resolving Criminal Charges
The Justice Department is discussing an arrangement with Meng Wanzhou that would allow her to return home to China from Canada, in exchange for admitting wrongdoing in a criminal case that has … ( read…
Wall Street Keeps Pushing Into China as Washington Balks
A year into China’s big bang opening of its financial markets, Wall Street has ever more to lose from a growing consensus in Washington over reining in Beijing. ( read original story …)
China’s central bank governor tells local governments, lenders: don’t count on a bail out
Yi Gang, governor of the People’s Bank of China, says the central bank cannot be counted on to come to the rescue of troubled local governments or financial institutions. ( read original story …)
China Punctuates More Market Freedoms With Tough Crackdowns
China’s loosening of control over capital markets is being accompanied by tougher oversight of companies that previously faced little regulation. ( read original story …)
UPDATE 1-Beijing city govt private equity arm will not invest in Danke – statement
An investment arm of Beijing’s city government said it would not fund property rental firm Danke, after Reuters reported it was holding talks with the cash-strapped Phoenix Tree Holdings Ltd brand … ( read original…
