However, although the growth of the wealth management market peaked in July, it is likely to slow in the second half. July was a big month for the wealth management market, but it will slow…
Tagged By banking
China to issue 30 billion yuan of book-entry discount T-bonds
China Ministry of Finance said Thursday that it will auction 30 billion yuan about 421 billion US dollars worth of book-entry discount treasury b …
Beijing to introduce travel pass for foreign visitors
For starters, the Beijing Pass will enhance the convenience of subway travel for foreign visitors, who will be able to use their international bank cards to purchase the pass at the city’s seven …
Woman shreds cash into over 100,000 pieces; China bank restores it in 22 days to return to needy family
The family needed to put money together – quite literally – and this bank in China managed to accomplish just that. Bank employees in Kunming, China worked overtime for 22 days to restore sliced up…
China Market Update: Policymakers Finally Listen To Chants Of ‘Jia You’
Asian equities had a strong night led higher by Mainland China, Hong Kong, and Japan while Taiwan underperformed.
China’s cash-strapped small banks face limitations amid shake-up, with no easy fix
Beijing has called for consolidation of China’s indebted and feeble local banks, with the central Henan province announcing its consolidation plans on Sunday.
China Aims to Boost Economy by Empowering Low- and Middle-Income Earners
China focuses on empowering low- and middle-income earners to boost economic growth, as the Politburo prioritizes wage increases and consumer spending. These measures are part of efforts to achieve a …
China Market Update: Policy Makers Finally Listen To Chants Of “Jia You”
Asian equities had a strong night led higher by Mainland China, Hong Kong, and Japan while Taiwan underperformed.
PBoC Gold Conduit Revealed – Chinese Central Bank Did Not Stop Buying Gold In May
At the core of the Chinese domestic gold market, which excludes Free Trade Zones, is the Shanghai Gold Exchange, where predominantly 1Kg gold bars are traded.
‘Worst is behind us’ on China property crisis, says HSBC boss
Mr Quinn is to step down in September and be replaced by finance chief Georges Elhedery, who will become the bank’s first Mandarin-speaking chief executive. Mr Quinn said: “The real estate market in …
China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects
Law enforcement in the Chinese province of Shaanxi has cracked a crypto fraud scheme, arresting four suspects who defrauded an investor of about $60,000.
Asia markets are mixed as investors assess China business activity data, await Bank of Japan rate decision
The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.
China’s trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned, report says
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
