Tag: banking

BEIJING (Reuters) - China's central bank, wary of soaring property prices in Beijing, said on Friday that banks must strengthen mortgage risk management, and that includes cracking down on home buyers rushing to get divorced to skirt second-home purchase ... ( read original story ...)

vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. "In the context of putting more emphasis on defence against financial risks, we should continue to vigorously promote financial innovation," Wang said ... ( read original story ...)

The latest statistics by the China Banking Regulatory Commission released last month showed non-performing loan (NPL) ratio of commercial banks decreasing 0.02 percentage point to 1.74 percent by the end of 2016. Large NPL formation was a major pain point ... ( read original story ...)

Central Bank of Russia opens first overseas office in Beijing as part of 'strategic partnership' China and Russia will strengthen financial cooperation, especially in the fields of currency exchange, currency settlements and banking cooperation ... ( read original story ...)

SHANGHAI, March 24 China stocks rose on Friday as strong gains in the infrastructure sector offset concerns over tightening liquidity in the country's banking system, increased regulation and fresh curbs on property investment. The blue-chip CSI300 index ... ( read original story ...)

But on Sunday, 20 years later, only 1,200 people on an election committee stacked with Beijing loyalists will vote for the next leader of the Asian financial hub which witnessed weeks of sometimes violent street protests in 2014 calling for universal suffrage. ( read original story ...)

JD Finance, is currently in the market raising fresh capital at a RMB50 billion valuation, a person with immediate knowledge of the matter told China Money Network. Investment institutions and individuals can buy JD Finance shares with a minimum purchase ... ( read original story ...)

A Chery spokeswoman told Reuters on Thursday that the automaker had filed a complaint with the Trademark Office of the State Administration for Industry and Commerce, which it hopes will bar Mercedes from using the name in China. She said Chery has used ... ( read original story ...)

Yu Dabao struck in the first half as Marcello Lippi's China stunned South Korea 1-0 to keep their slim World Cup hopes alive on Thursday. The Beijing Guoan forward's header ensured China's first win of in the final qualifying group -- and only their second ... ( read original story ...)

HONG KONG (Reuters) - Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a U.S. sanctions case. The loss for the ... ( read original story ...)