Zheshang and Citic banks to fund investments that it wasn’t supposed to make (Beijing) — Zhang Hui wanted to make it big when he took over the operations of the Industrial and Commercial Bank of…
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China’s Sees More Rapid Digital Financial Transformation Than Any Country – Prof
The Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) wrapped up in Sochi this week. The AFI empowers policymakers to increase access to quality financial services for the poorest popul… ( read original story…
Beijing hopes Wall Street bankers can break Trump trade impasse
… officials have invited the heads of America’s leading financial institutions to attend a “China-US Financial Roundtable” in Beijing on September 16, followed by a meeting with Wang Qishan, vice-pr… ( read original story …)
Deutsche Bank’s Chinese shareholder to sell stake
Germany’s biggest bank, as part of a deal with Beijing to strengthen its finances, a person familiar with HNA’s thinking told Handelsblatt. The news, first reported by the Wall Street Journal … ( read original…
Chile central bank chief puts China, copper caveats on rate hike plans
LONDON (Reuters) – Chile’s central bank is wary about the possibility that China’s trade war with the United States and the risk of a sustained fall in copper prices could make raising interest rates ……
China’s Solar Farms Transforming World Energy
China is the world’s largest manufacturer of solar panel technology, points out Yvonne Liu at Bloomberg New Energy Finance, a market research firm. “The market is really big. It is like … ( read original…
China c.bank injects medium-term cash; short-term money rates rise
SHANGHAI, Sept 7 (Reuters) – China’s central bank injected medium-term cash into the banking system on Friday, effectively rolling over loans that matured on the same day, but short-term rates rose th… ( read original…
China’s August bank lending seen lower but shift to credit easing intact: Reuters poll
BEIJING (Reuters) – China’s banks likely extended fewer new loans in August than the previous month, but the pace was still well above last year’s levels as the central bank looks to support the econo……
Bank Fines Surge in China as Regulator Seeks to Stem Tide of Bad Loans
(Bloomberg) — China’s banking regulator is handing out fines at a record pace as it battles a build-up of financial risk. The China Banking and Insurance Regulatory Commission, along with its predeces… ( read original…
China’s top four banks generated most profit in 2017
China’s four largest banks – Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd – were nation’s most profitable listed compan… ( read…
Deutsche Bank shares dip after report that China’s HNA plans to sell its stake
HNA Group, one of China’s largest conglomerates, will be exiting its 7.6 percent stake in Germany’s Deutsche Bank, according to a Wall Street Journal report. The decision comes under pressure from the … ( read…
Yuan Outperforms Peers as China Deters Bears Before Tariffs
“China is acting preemptively to prevent the yuan from falling, as they see the tariffs coming, which is bearish,” said Irene Cheung, foreign-exchange strategist at Australia & New Zealand Banking Gro… ( read original story…
China’s central bank pumps funds into market via MLF
BEIJING, Sept. 7 (Xinhua) — China’s central bank Friday injected 176.5 billion yuan (25.88 billion U.S. dollars) of funds into the market via the medium-term lending facility (MLF) to maintain liquid… ( read original story…
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