… China’s banking regulators released last week show that old-line banks dwarf the five newcomers, which include WeBank and MYbank, the online banks set up, respectively, by technology majors Tencent Holdings Ltd. and Alibaba Group…
Tagged By banking
China Merchants Bank : ·ANNOUNCEMENT ON CONNECTED TRANSACTION WITH CMC
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim…
China Beckons Overseas Banks and Asset Managers
China’s recent decision to open more of its domestic market … “There is a continuing measured move by Chinese regulators to open up the banking market,” Reichbach notes. “Another example would be the relatively recent…
China's Housing Market Isn't a Bubble, Says One Strategist
He later was a Shanghai-based strategist in CSLA Ltd., an investment banking arm of Credit Agricole SA. China has no housing bubble and there’s no looming banking crisis, he says. His optimism rests on his…
BRIEF-Bank Of China says CBRC approved qualifications of recently elected executive directors
PARIS, Dec 13 French ski resorts operator Compagnie des Alpes posted higher annual profits and said it needed powerful partners to accelerate its expansion abroad, notably in China. ( read original story …)
China suitor tightens grip on Curacao oil project
Under the framework pact, Guangdong Zhenrong will provide this month a letter of guarantee from China Development Bank to finance up to 85 percent of the project, which includes building a new gas terminal and…
China should aim for stable yuan, no rate hike needed -central bank adviser
BEIJING China should focus on stabilizing the yuan and there is no need to raise interest rates, an adviser to the People’s Bank of China said in a media interview published on Monday. “It’s neither…
China’s Stocks, Bonds, Yuan Slump in Unison on Liquidity Concern
Unease is once again permeating China’s financial markets. The Shanghai Composite Index sank 2.5 percent at the close, the yuan fell toward an eight-year low, while government bonds tumbled, with the one-year sovereign yield rising…
Trump says U.S. not necessarily bound by 'one China' policy
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said the United States did not necessarily have to stick to its long-standing position that Taiwan is part of “one China,” questioning nearly four decades of policy in…
China should target 6.5 percent economic growth in 2017: think tank
“In 2017, China’s economic operations will need to intensify efforts to alleviate deep-seated contradictions and structural problems,” the think tank said, singling out the property market, social capital and regional financial risks as among its…
China stocks tumble the most in six months as regulator slaps curbs on insurers
SHANGHAI (Reuters) – China stocks suffered their biggest fall in six months on Monday as blue-chips were knocked by fresh regulatory curbs to rein in insurers’ aggressive stock investments, while rising bond yields prompted profit-taking…
China Automotive Finance Industry Report, 2016
Auto finance industry is flourishing in China with market size approximating RMB850 billion in 2015 and expected to rise by 17.6% from a year ago to around RMB1 trillion in 2016. Compared with mature markets…
Connoisseur of crises sees China easily avoiding one
… a career in Chinese banking that’s spanned four decades－it included time as the head of Industrial & Commercial Bank of China, the world’s biggest lender by assets－Jiang has studied meltdowns through the ages. He’s…
