SHANGHAI, Aug 22 (Reuters) – China stocks ended higher as a unit of China Unicom surged by the daily limit for a second day, and as financial and materials firms also experienced strong gains. The…
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Exclusive: China’s ‘big four’ banks raise billions for Belt and Road deals – sources
bolstering Beijing’s ambitions as private capital pulls back. The people said China Construction Bank Corp (CCB) (601939.SS) (0939.HK), the country’s second-biggest bank by assets, was raising at least 100 billion yuan ($15 billion) for a…
UAE-China economic cooperation to drive success of Belt & Road Initiative
Discussions also centred on the challenges and opportunities in promoting Islamic financial instruments in China with a focus on Islamic Sukuk. The impact of Dubai’s emergence as the largest Islamic Sukuk hub in the world…
China Shifts Course on Financial Markets
According to a study by Citigroup Inc., China is shifting its approach to financial markets, which is projected to result in faster economic growth. China’s efforts to internationalize its currency faced major obstacles back in…
BRICS financial institutions to support African, Latin American development
Development projects in Africa and Latin America will henceforth receive greater attention from the Brazil, Russia, India, China and South Africa, BRICS bloc financial institutions such as the New Development Bank, NDB and the Asian…
15 years on, 46 key roads on China front still not ready
… over inordinate delays in the construction of strategic roads along the India-China border, the defence ministry has delegated more administrative and financial powers to the Border Roads Organisation (BRO) for the speedy completion of…
China Banks’ Leverage Falls for First Time Since 2010
The outstanding amount of wealth-management products, especially those sold to other financial institutions, fell by a cumulative 1.9 trillion yuan, the regulator said. Interbank lending and shadow-banking products are key targets in China’s push to…
Finance businesses may jeopardise credit quality of internet companies, Moody’s says
China’s technology companies had been muscling their way into the traditional business of banking and finance, using the convenience and ubiquity of the smartphone-enabled mobile internet to provide everything from online cashless retail payments ……
China Bank Bears Must Brace for Disappointment
Global investors concerned about a looming spike in Chinese nonperforming loans should take a look at recent data from the China Banking Regulatory Commission. If they did, then maybe they wouldn’t have as much angst.…
China Minsheng Financial Holdg : SUPPLEMENTAL ANNOUNCEMENT DISCLOSEABLE TRANSACTION – SUBSCRIPTION OF CONVERTIBLE BONDS
Reference is made to the announcement of China Minsheng Financial Holding Corporation Limited (the ”Company”) dated 16 August 2017 in relation to the subscription of the Convertible Bonds (the ”Announcement”). Unless otherwise stated, terms used…
China Banks’ Interbank Lending Falls for First Time Since 2010
Meanwhile, the outstanding amount of wealth-management products, especially those sold to other financial institutions, fell, the regulator said. Interbank lending and shadow-banking products are key targets in China’s push to rein in risks associated ……
China to relaunch the world’s fastest bullet trains
BEIJING — China is relaunching the world’s fastest bullet trains, running at 350 kilometres (217 miles) per hour. The trains will service the route from Beijing to Shanghai starting next month, making the 1,250-kilometre (777-mile)…
Schedules and roadmaps to be made to open finance industry
While China has made progresses in investment liberalization and facilitation, certain industries, otherwise known as sensitive industries, are still with significant entry barriers to foreign investment. Finance is such a sensitive area. For life ……
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