SYDNEY (Reuters) – China’s two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises’ long delayed project. Industrial and Commercial Bank…
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China’s biggest bank rules out financing Adani’s Carmichael coal mine
The future of a controversial Queensland mega-mine has suffered another setback with project funding from China looking increasingly unlikely. The Greens have heralded the end of the project after a second Chinese bank ruled out…
BRIEF-Bank of Beijing to pay div for preferred stock on Dec. 11
Dec 1 (Reuters) – Bank of Beijing Co Ltd : * Says it plans to pay 4.5 yuan (tax included) per share as dividend for preferred stock, on Dec. 11 ( read original story …)
Trade minister to press China on jailed Canadians during Trudeau trip
ANCHORAGE, Alaska — International Trade Minister Francois-Philippe Champagne says during a trip to China he plans to raise the case of two Canadian winery owners from British Columbia who have been held by Chinese authorities…
Commentary: China’s financial firepower in Europe may come with a political price
WASHINGTON: An American, a German, and a Chinese gentleman walk into a bar in Prague. The first two order a beer, and the bartender then turns to the Chinese man to ask: “What can I…
China issues new rules to clean up runaway cash loan market
The notice was jointly issued by the People’s Bank of China and the China Banking Regulatory Commission – the central bank and banking watchdog – to crack down on risks in the nation’s internet financing…
Bank of China granted license to operate in Turkey
The Bank of China has been granted a license to operate in Turkey, head of Turkey’s banking watchdog said on Friday. “Permission has been already given to the bank. Now, license was given. Bank of…
China’s debt crackdown hits cash loan providers
China has long been known as a nation of savers, but consumers are rapidly embracing debt from non-bank online platforms. The number borrowers taking out cash loans from the micro-lenders is growing at an unprecedented…
China, France to deep economic, financial cooperation
BEIJING, Dec. 1 (Xinhua) — China and France Friday held the fifth High-Level Economic and Financial Dialogue in Beijing with fruitful cooperation outcomes. The dialogue, co-chaired by Chinese Vice Premier Ma Kai and French Economic…
China makes progress in curbing banking sector risks
BEIJING, Dec. 1 (Xinhua) — China has made progress in reining in risks in its banking sector, with interbank business curbed, a banking regulator said Friday. By the end of October, interbank assets and liabilities,…
U.S.-listed Chinese financial firms drop as China sets new rules
(Reuters) – U.S.-listed shares of Chinese financial firms slipped in premarket trade on Friday after Reuters reported that China’s regulators had circulated new rules to local governments to clamp down on cash loan firms. PPDAI…
China banking regulator targets ‘invisible shareholders’
China’s banking regulator is preparing new rules to forbid “invisible shareholders”, a response to the widespread use of shell companies and proxies to disguise the true owners of major Chinese banks and other companies. A…
China says growth in interbank wealth products slowing sharply
BEIJING, Dec 1 (Reuters) – China’s banking regulator said on Friday that the country’s interbank business slowed significantly in the first 10 months of the year, with the total volume of wealth management products (WMPs)…
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