This requires access to international financial networks — often through China-based banks and institutions — for laundering illicit income or carrying out trade purchases and sales in violation of the sanctions. These deals can largely…
Tagged By banking
China’s retail banking poised to outgrow corporates as lenders aim for lower cost, better assets
China’s retail banking market is on path to become the world’s second largest by 2020, with the industry’s aggregate income growing 10 per cent to 3.2 trillion yuan (US$471 billion) according to a forecast by…
Chinese Bank Giants Lose $15 Billion in a Week on Share Rout
Investors couldn’t sell Chinese banking giants fast enough this week. Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd. and Bank of China Ltd. posted their worst weeks since at least June…
China’s probes on Fosun, HNA and others unleash the power of the unsaid word
The China Banking Regulatory Commission (CBRC), in an unusual move, ordered banks on June 6 to check their offshore exposures to these companies. The regulator was concerned amid the government’s efforts throughout 2016 to deter…
Banks and Internet Companies: A Calculated Relationship
(Beijing) — Banks and internet companies are shaping up to be the new power couple in China’s much-coveted consumer finance space. In late June, three tie-ups emerged within a week’s time: Industrial and Commercial Bank…
Economic Watch: China takes firm stance on deleveraging
BEIJING, July 9 (Xinhua) — China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy. The People’s Bank of China…
Top 10 global banks
The Industrial and Commercial Bank of China remains the world’s largest bank, according to the latest ranking released by The Banker magazine on July 3. ICBC has $281 billion in tier one capital, the key…
Dollar Down Against The Yen In Asia, China Banking Regulator Eyed
The dollar eased against the yen in Asia on Friday with no major regional data ahead, but investors are keeping a close eye on China as borrowing by some major private firms to buy assets…
Standard, ICBC back Chinese firms in Africa’s B&R markets
Standard Bank, Africa’s largest lender, and Industrial and Commercial Bank of China, the country’s largest lender, have teamed up to extend loans and foreign exchange services to Chinese companies operating in African countries that are…
Beijing refused to step in during 1998 Hong Kong financial crisis, former city chief reveals
Beijing declined the Hong Kong government’s request to have experts intervene in the city’s financial crisis after the 1997 handover in order not to breach “one country, two systems”, the city’s leader at the time…
China shadow banking is slowing amid more coordinated government measures, says Moody’s
Growth in shadow banking in China is slowing due to coordinated government action to contain systemic financial risks, a development that will benefit banks, although it will also bring adjustment risks, Moody’s Investors Service said…
Shadow banking in China: the potential for financial domino effect
Jobs and economic expansion are key goals for China’s policymakers. But capital acquisition by firms can be difficult and lead them to shadow banking which may cause serious economic and financial consequences. China must expand…
China trade with North Korea up but imports off
BEIJING — China’s trade with North Korea has risen despite … banks and companies that are considered to be involved in facilitating illicit North Korean financial activity,” Biswas said in an email. Stepped-up sanctions against…
