The Health Reform PforR will support the health service delivery transformation and the scaling up of reform pilots to improve the quality and efficiency of healthcare services in China’s Anhui and Fujian provinces The largest…
Tagged By banking
China continues shadow banking crackdown with Guangzhou raid
The Chinese Government has continued its assault on the country’s shadow banking sector following the shutdown of an illegal operation on September 26 in Guangzhou. The organisation, which was operating out of a food market…
China’s Ant brings in CK Hutchison as Hong Kong payments partner
BEIJING (Reuters) – Ant Financial, the payment affiliate of Alibaba Group Holding Ltd, said it will create a joint venture this year with CK Hutchison Holdings Ltd to operate its payment app in Hong Kong,…
China’s credit rating cut to A+ by S&P over rising debt fears
China’s credit rating has been downgraded by Standard & Poor’s amid fears rising debts are adding to economic and financial risks. The agency lowered China’s sovereign rating by one notch to A+ from AA-, putting…
Bank of China (Hong Kong) issues centenary commemorative banknotes
with the old Bank of China Hong Kong Branch and Bank of China Head Office in Beijing on the side. The reverse side of the commemorative banknote features an image of the first Hong Kong…
China’s insurance watchdog bans ‘special firms’ tolerated by former chief
China’s top insurance regulator … violation” of the Communist Party’s discipline – a catchall description that ranges from graft to financial misdeeds. “The regulator did not elaborate on who exactly the special companies are, but…
China Says Industrial Integration Will Add 12 Percent to GDP
Rejects S&P Credit Rating China’s Finance Ministry has criticized Standard & Poor’s downgrade of the country’s sovereign credit rating as “perplexing”. It said the downgrade focused on credit growth and debt, but ignored China’s distinctive…
South China Financial Holdings Ltd. (0619) Dips -1.85% on Sep 26
Shares of South China Financial Holdings Ltd. (HKG:0619) last traded at 0.053, representing a move of -1.85%, or -0.001 per share, on volume of 8.55 million shares. After opening the trading day at 0.05, shares…
CHINA STATE GROUPS ENJOY PROFIT REVIVAL AMID COMMODITY BOOM / THE FINANCIAL TIMES
China’s buoyant property market has fuelled the country’s unexpectedly … “The top leadership has made it clear that financial vulnerabilities and debt accumulation is the biggest risk. I think they are at the stage where…
China’s mobile banking market overview Q2 2017
Total transactions of China mobile banking clients totaled 55.63 trillion yuan (US$8.44 trillion) with an increase of 5.1% QoQ. China Construction Bank (26.1%) and Industrial and Commercial Bank of China (21%) combined account for close…
China busts secret bank in Guangzhou sending assets abroad
SHANGHAI: Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported on Tuesday. The underground bank, hidden in a food market in the southern city of…
China Banking Association says S&P’s ratings cut ‘simple, biased’
The S&P Global Ratings’ downgrade of China’s sovereign credit rating is a “simple, biased and unfair” decision that is against economic fundamentals and indicators, China Banking Association said Monday. The association said the rating downgrade…
Asian Development Bank boosts China’s economic forecast
The Asian Development Bank (ADB) raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. ADB now expects China’s economy to…
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