Most of the bank’s employees in the region are located in Hong Kong, Singapore, and China and it is in these countries that the cuts will take place. Goldman is not the only investment bank…
Tagged By banking
All eyes on central banker Zhou after finance minister Lou steps down
China’s longest-serving central bank governor, steps down and who can replace him? The answer matters for the Chinese economy and the world because Zhou and Lou are regarded as the cream of the pro-market Chinese…
China has limited room for further monetary easing: CICC
Investment bank CICC believes there is limited room for China’s central bank to use further monetary easing, saying focus would shift to curbing asset bubbles and guarding against financial risks. Room for further monetary easing…
South Korean Bank Creates Cross-Border Bitcoin Service
A joint effort between the bank and Streami Inc. will oversee the cross-border service between Korea and China. Shinhan Bank and Streami Plan to Launch South Korean Bitcoin Remittance Platform Blockchain remittance could save significant…
Bank Of China's $500M LSE 'Green' Bond Listing Cements Exchange's Position
With the London Stock Exchange (LSE) welcoming the listing of the first ever Chinese Green Covered Bond today from the Bank of China, which raises $500m from international investors split between Asia and Europe, it…
Bank Of China's $500M London Green Bond Listing Cements Exchange's Position
With the London Stock Exchange (LSE) welcoming the listing of the first ever Chinese Green Covered Bond today from the Bank of China, which raises $500m from international investors split between Asia and Europe, it…
China's household debt a growing risk to economy
Faced with expensive medical bills to treat breast cancer, the 38-year-old nurse from Heilongjiang in northern China is struggling to repay her mortgage and relies on financial support from her wider family to pay for…
China says may relax foreign ownership controls on financial firms – statement
HONG KONG (Reuters) – China may allow foreign investors to hold controlling stakes in mainland securities, fund management and insurance companies, the Chinese and British governments said, underlining Beijing’s commitment to opening up the mainland…
China Banking Sector: Challenges In The Near Future
Slowing economic growth and shrinking net interest margins are leading to rising bad debt and sluggish profit growth. Most of China’s bad debt is from “old economy” sectors most of which are struggling with overcapacity…
UK and China seek to bury power plant spat with deeper finance ties
LONDON Britain and China smoothed over a diplomatic spat on Thursday as top finance officials announced closer cooperation between stock exchanges in the two countries and other initiatives in the financial services sector. British finance…
U.K., China Agree ‘Strategic Plan’ for Financial Services
LONDON—The U.K. and China on Thursday agreed to deepen ties between their financial services industries, in part of Britain’s ongoing push to establish London as a global hub for Chinese finance that has gained added…
UK-China 8th Economic and Financial Dialogue: financial services
Plans for London-Shanghai Stock Connect to progress to next stage as part of long-term, strategic plan for financial services cooperation between UK and China. The London-Shanghai Stock Connect – the first of its kind outside…
Hong Kong's economic growth to ease in third-quarter on China slowdown
continuing to take a toll on the Asian financial centre. The once vibrant city is also grappling with a slowdown in China, while its outlook has been hurt by rising tensions with Beijing that could…
