The reported detention of Anbang Insurance chairman Wu Xiaohui could be a milestone in efforts to take on vested interests – many with connections to the political elite – in China’s financial sector, paving the…
Tagged By banking
BRIEF-China Finance Online Co Q1 revenue $8.7 million versus $30.7 million
June 14 China Finance Online Co Ltd: * China Finance Online reports first quarter 2017 unaudited financial results * Q1 revenue $8.7 million versus $30.7 million * China Finance Online Co Ltd – fully diluted…
China to set up pilot zones for green finance, cut red tape for industries
The State Council, China’s cabinet, Wednesday announced its decision to set up pilot zones for green finance to support its industrial upgrading and to further cut red tape. The pilot zones will be in Guangdong,…
China central bank says slower M2 growth could be ‘new normal’, deleveraging to continue
BEIJING China’s bank lending was generally normal in May, while the slowdown in M2 money supply growth reflects deleveraging in the finance sector, the People’s Bank of China said on Wednesday following the release of…
China c.bank asking Shanghai lenders if tighter rules impacting credit quality -sources
SHANGHAI, June 14 The Shanghai branch of China’s central bank is asking city lenders for information on asset quality, credit needs and potential risks on top of what all Chinese banks are preparing for a…
China stocks fall ahead of possible probe into financial boss
Hong Kong shares also dropped, as investors braced for a likely U.S. rate hike later in the day, and awaited clarity on the Federal Reserve’s future policy. Some investors also think a U.S. hike will…
China stocks fall on Anbang tumult, weak investment data; Hong Kong eyes Fed
Anbang-invested shares – including Financial Street Holdings , China Vanke, China Merchants Shekou , Gemdale and China State Construction Engineering – all dropped sharply. Confidence was further dented by China’s tepid investment data for May,…
China-backed bank boasts rising lending power
Beijing (AFP) – The China-backed Asian Infrastructure Investment Bank expects to more than double its lending power for regional projects over the next five years, a top executive said, denying it was an arm of…
China’s EXIM Bank plans more dollar, euro-denominated bonds this year
BEIJING/HONG KONG The Export-Import Bank of China (EXIM) plans to issue up to another $4 billion in euro- and dollar-denominated bonds this year, on top of $4 billion issued so far, as Beijing’s Belt and…
Chinese insurer detained amid financial probe
BEIJING – The Chinese insurer that owns New York City’s Waldorf Astoria Hotel said Wednesday its chairman was unable to perform his duties following a report he was detained by regulators amid accusations of possible…
China’s shadow banking woes force regulators to change course on policy making
The sobering fact that China’s shadow banking system now contributes about one-third the country’s total credit to the real economy is a stark lesson in how well-intentioned policy can lead to a financial mess. Mainland…
China, Luxembourg sign deals on finance, aviation
(Xinhua/Zhang Duo) BEIJING, June 12 (Xinhua) — China and Luxembourg on Monday signed cooperative agreements in finance and aviation during Luxembourg Prime Minister Xavier Bettel’s visit. China hopes to enhance cooperation with Luxembourg in the…
China unlikely to see financial crisis
Moody’s downgrading of China’s long-term local currency sovereign debt from Aa3 to A1 is badly timed, as it coincides with China’s efforts to attract foreign investment into the domestic bond market. However, China’s massive credit…
