Beijing-based Oceanwide pledged US$3.8 billion to take control of US insurer Genworth Financial in 2016. The 2016 global investment banking revenue rankings was led by JPMorgan, which topped the table with an 8 per cent…
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China's property, financial sectors' growth slower in Q4 despite uptick in services
BEIJING Growth in China’s real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau…
Philippine officials to visit Beijing to discuss investment deals, ASEAN summit
according to a statement from the Department of Finance on Sunday. The visit occurs three months after Duterte visited Beijing to pave the way for what he called a new commercial alliance. He has increased…
China's property, financial sectors' growth slower in fourth quarter despite uptick in services
BEIJING Growth in China’s real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau…
China money rates fall after central bank liquidity support, yuan flat
SHANGHAI China’s primary money rates fell on Friday, but remained elevated, after the central bank provided banks with liquidity support, to help avert a cash crunch before the Lunar New Year. The People’s Bank of…
China’s fintech industry shows where the rest of the world is heading
No notes are counted out, no coins bounce and clatter into cash registers, no-one queues at the bank. “The country leads the world when it comes to total users and market size,” observed a McKinsey…
China offers temporary funding to major banks
A woman walks past the headquarters of the People’s Bank of China in Beijing. Commercial banks had 11tn yuan ($1.6tn) of sovereign and financial bonds outstanding as of December, a former PBoC official said yesterday.…
China 'cuts reserve ratios for five big banks temporarily'
The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) for the banks by one percentage point, taking the ratio down to 16 per cent. It will restore their RRR to the…
China Saite : halts financial services business buy
the memorandum of understanding regarding the possible acquisitions of not less than 90% interest of a company incorporated in Hong Kong, which is principally engaged in the provision of asset management, wealth management and general…
China’s GDP beats expectations but debt risks loom
But Beijing’s decision to prioritize its official growth target could exact a high price, as policy makers grapple with financial risks created by an explosive growth in debt. China’s debt to GDP ratio rose to…
China launches state financial media group: Xinhua
SHANGHAI China has merged five state media companies in a bid to improve the quality and influence of the country’s economic and financial news services, state news agency Xinhua reported on Friday. Last week, China’s…
China Said to Relax Index Futures Curbs as Market Steadies (2)
China Financial Futures Exchange will cut transaction fees, lower margin requirements for non-hedging accounts and double the number of new positions such traders are allowed to open per day, the people said. The updated rules…
China’s IPO craze a hurdle for new financial market reform
A buying craze in newly listed stocks may eventually crimp efforts by China’s securities regulators to deregulate the IPO system, say analysts and industry watchers. Investing in initial public offerings (IPO) can sometimes bring investors…
