Banking is a litmus test for the broader Chinese economy. For decades, Beijing took it for granted that overseas investors would be waiting at the gates, keen for a share of a massive market. But…
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As Xi Jinping consolidates power in CPC, China’s parliament prepares to ward off financial risks
Beijing: China’s annual parliament gathering kicks off on Monday as an ever-stronger President Xi Jinping presses ahead with efforts to ward off financial risks without undermining the economy. The run-up to the National People’s Congress…
Citic Bank Suspends Mortgages in Beijing
(Beijing) — China Citic Bank Corp. has stopped offering mortgage loans larger than 2 million yuan ($315,390). The suspension is another sign that banks are taking a more cautious stance toward the real estate market…
Financial regulatory reform to be expanded
Experts are expecting more new rules to be discussed as legislators and political advisers meet in Beijing. Financial risk prevention will be one of the key topics for the sessions of the National People’s Congress…
Bank halts home equity loans in Beijing
A Chinese bank has reportedly suspended home equity loans in Beijing, as such loans have came under strict scrutiny by officials in their efforts to rein in the overheated real estate market. China CITIC Bank…
BRIEF-South China Financial Holdings Expected To Record A FY Net Profit
* EXPECTED RESULT DUE TO SUBSTANTIAL GAIN ON GROUP’S TRADING AND INVESTMENT AMIDST MARKET RALLY * EXPECTED RESULTS DUE TO GAIN ON GROUP’S TRADING & INVESTMENT AMIDST MARKET RALLY Source text for Eikon: Further company…
China pledges wider market access, especially for financial sector
SHANGHAI (Reuters) – China’s foreign minister said on Friday that the world’s second largest economy would look to open up wider access to its markets this year, amid growing trade tensions with the United States…
China is dominating the App Store (AAPL)
The note said that China is “now in a league of its own among the top app markets,” according to App Annie’s data. The Chinese app store is now double the size of the US…
China’s banking, insurance watchdogs likely to merge in massive financial regulatory overhaul
China is considering plans to merge its banking and insurance watchdogs to bring more order to a fragmented regulatory system and to heed President Xi Jinping’s calls to reduce financial risk. Sources with knowledge of…
Factbox: CEFC China Energy’s global energy, financial assets
(Reuters) – CEFC China Energy, whose chairman is being investigated for suspected economic crimes, is a rapidly growing oil and finance conglomerate with assets across the world and an ambition to become one of China’s…
Banks tighten mortgage loans in Beijing
In response to news that China CITIC Bank had stopped offering personal housing loans over 2 million yuan ($316,000) in Beijing, the major commercial bank said the measure aimed to help ensure the city’s progress…
China Takes Top Spot in Multinationals’ Global Investment Plans
Guangzhou, followed by Shenzhen Rated Most Favored Investment Destination in China GUANGZHOU, China, March 1, 2018 /PRNewswire/ — The American Chamber of Commerce in South China (“AmCham South China”) today released its 2018 White Paper…
China’s retiring central bank chief Zhou tipped for Boao Forum – sources
BEIJING (Reuters) – Zhou Xiaochuan, China’s longest-serving central bank governor, is tipped to become the new vice chairman of the Boao Forum — known as Asia’s Davos — after he retires next month, sources said.…
