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Tagged By banking
No timetable set for Ant Financial listing
“We do not set a concrete timeline for the IPO,” said the company in a text reply to China Daily. Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan…
China Pumps $24.7 Billion Into Financial System — Update
SHANGHAI – China’s central bank made its biggest one-day cash injection into the country’s fragile financial markets in nearly four months Tuesday, a fresh sign that Beijing is trying to mitigate the damage to investor…
As China Pumps Liquidity, Concerns Over Financial Tightening
As China is reported to have pumped $24.7 billion of liquidity into its financial system Tuesday to boost investor confidence, an HSBC report dives deeper into concerns regarding financial tightening among Chinese economic thinkers. On…
China capable of maintaining financial market stability: Premier Li
Chinese Premier Li Keqiang said Sunday the country is capable of maintaining financial market stability and warding off regional and systemic financial risks. China will strike a balance between financial stability, gradual deleveraging and stable…
New Bank Serves As Financial Catalyst For Central Asia’s “Belt And Road” Development
Regional experts believe the reluctance of the United States, EU and others to give Beijing more of a say in the operations of existing financial institutions was a significant factor in prompting China to push…
China banking regulator tightens rules on WMPs, flags more curbs
SHANGHAI China’s banking regulator is tightening disclosure rules on lenders’ wealth management products (WMP) as it tries to track risky lending practices in the shadow banking sector, the latest in a series of steps by…
China's Xi outlines plans for wide co-operation in trade plan
But he expressed hope governments taking part in the initiative will co-ordinate policy in finance, law enforcement, technology and education — areas where China’s status as the biggest Asian economy would allow Beijing to dominate.…
China central bank's net FX sales fall to nearly two-year low in April
BEIJING Net foreign exchange sales by China’s central bank fell to the lowest in nearly two years in April as capital outflows eased in the face of strict regulatory curbs and a pause in the…
China's central bank sets up fintech committee
BEIJING China’s central bank has set up a fintech committee to study the impact of fintech on monetary policy, financial market, financial stability, payment and clearing. The People’s Bank of China (PBOC) made the announcement…
Bank of China given licence to operate in Pakistan by central bank
ISLAMABAD Pakistan’s central bank has granted government-run Bank of China a licence to operate in the country to ease the financial requirements of Chinese-led “Belt and Road” projects, the central bank said on Saturday. China…
China regulator launches emergency risk assessments in shadow banking crackdown – sources
SHANGHAI May 12 China’s banking regulator this week launched emergency risk assessments of lenders’ new business practices, according to sources with direct knowledge of the matter. The China Banking Regulatory Commission’s investigation will include ……
This Caribbean Bank Wants Chinese Money No One Else Will Touch
So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, Standard Chartered Plc and others.…
