China’s central bank said on Friday that it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The People’s Bank of China…
Tagged By banking
Ant Financial plans equity fundraising at potential US$100 billion valuation
China’s Ant Financial Services Group is planning to raise up to US$5 billion in fresh equity that could value the online payments giant at more than US$100 billion, people familiar with the move said. A…
China Hamburger Market Research Report 2018
China Hamburger Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography. The report provides information about the…
China Bank nets P7.4B
Sy family-led China Banking Corp. grew its net profit last year by 15 percent to P7.4 billion on the back of sustained growth in core lending and fee-based businesses. This translated to a return on…
From travel and retail to banking, China’s facial-recognition systems are becoming part of daily life
The future is already here – and there is no going back. Looking like the main characters Neo and Trinity from the dystopian science fiction film franchise The Matrix, police at a railway station in…
A New Era for China’s Central Bank
The next governor of the People’s Bank of China has a broader, more conceptual inbox than is typical of incoming central bankers. Zhou Xiaochuan has held the post since 2002 and has hinted that retirement…
The Chinese banking system: Much more than a domestic giant
One of the recent upgrades to the Bank for International Settlements’ (BIS) banking statistics is an enlargement in the set of reporting countries. With China recently joining the BIS Locational Banking Statistics, it is now…
Someone hacked China’s central bank mailbox to email a bogus notice about bitcoin crackdown
Bogus press invitations have been distributed to US media organisations claiming that the Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBOC) are about to jointly introduce new measures to crack down on…
Opinion: Efforts to Cut Off China From World Bank Lending Are Misguided
Overshadowed by China’s role as the world’s creditor is the uncomfortable reality that it also continues to be one of the largest recipients of multilateral assistance through major development agencies like the World Bank and…
BRIEF-China Banking Posts FY Net Interest Income Rose 17% To 20 BLN Pesos
* FY NET INTEREST INCOME ROSE 17% YEAR-ON-YEAR TO 20 BILLION PESOS Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China c.bank releases nearly 2 trln yuan in temporary liquidity
BEIJING, Feb 9 (Reuters) – China’s central bank said on Friday it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The…
China eyes consumer financial literacy improvement
Financial literacy has become a catchphrase in China after decades of reform and opening up, with the country’s economy becoming increasingly complex. “As China is building itself into a financial power, the financial literacy level…
China’s private funds face employee exodus, business scramble as rules bite
SHANGHAI (Reuters) – China’s private fund managers are facing an employee exodus and some are closing as Beijing’s clampdown on leverage and financial risk claims more scalps. Once a booming industry – capital grew by…
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