A career civil servant appointed by a select committee handpicked by Beijing, Ms Lam pledged to unite society … bill erupted into violence in scenes rarely seen in Asia’s premier financial centre … ( read…
Tagged By banking
Breakingviews – Beijing yields to Hong Kong’s financial clout
HONG KONG (Reuters Breakingviews) – Beijing has yielded to Hong Kong’s unique economic status. Carrie Lam, chief executive of the special administrative region, on Saturday indefinitely suspended a … ( read original story …)
China’s bad data can be a good thing
There’s a good reason why China’s banking regulator just issued a statement insisting its small and mid-size banks were stable: Investors don’t believe the numbers that are telling them the same thing … ( read…
China securities watchdog surveys brokerages, fund managers for signs of stress: sources
SHANGHAI (Reuters) – China’s securities watchdog has surveyed Chinese brokerages and fund managers for signs of financing stress, sources said on Friday, after a state takeover of a troubled bank in … ( read original…
Chinese banks rejected nearly US$144 billion in loans last year using credit scoring system, central bank says
Chinese banks used the government’s new centralised credit scoring system to reject loan applications worth nearly 1 trillion yuan (US$144 billion) last year, the People’s Bank of China reported … ( read original story …)
China Bank raising P5b from maiden bond issue
China Banking Corp., the seventh-largest lender in terms of assets, plans to raise at least P5 billion through its maiden issuance of peso-denominated fixed rate bonds to support expansion and … ( read original story…
Hong Kong gets angry as Beijing tightens its grip
The chaos forced Hong Kong’s defacto parliament, which is weighted in favour of pro-Beijing politicians … particularly in the financial services sector, attracted to the city’s rule of law, low tax … ( read original…
What Foreign Firms Really Want From China’s Financial Opening
Graham: Accepting foreign political dirt a ‘mistake’ (Bloomberg) — A day after China’s top regulators renewed pledges to allow more foreign competition into their financial sector, global bankers and … ( read original story …)
China’s banks remain reluctant to lend amid US trade war uncertainty, new data shows
The value of new yuan loans rose to 1.18 trillion yuan (US$170.54 billion), from April but below market expectations of 1.3 trillion yuan Impact of US-China trade war is spooking lenders, although … ( read…
China seeks to push July’s U.S. soybean cargoes over to August
The contract renegotiations come as the world’s top two economies remain locked in a protracted trade war that prompted China to sharply cut purchases of the oilseed from its No. 2 supplier … ( read…
Don’t target U.S. financial firms if trade war widens, lobby group tells China
The Asia Securities Industry & Financial Markets Association (ASIFMA) also urged Beijing to accelerate opening up of the country’s financial markets to attract much-needed foreign capital to aid a … ( read original story …)
Hong Kong’s Financial Elite Grow Uneasy as China Tensions Rise
(Bloomberg) — They executed trades, signed deals and wooed clients. But even as Hong Kong’s financial and corporate elite carried on in the face of mass demonstrations this week, a sense of unease … (…
China Financial POS Terminal Industry Report, 2019-2025 Featuring 5 Overseas Companies and 8 Chinese Peers – ResearchAndMarkets.com
The “China Financial POS Terminal Industry Report, 2019-2025” report has been added to ResearchAndMarkets.com’s offering. In 2018, Chinese banks issued 7.597 billion cards, an upsurge of 13.51% … ( read original story …)
