ING Group NV, the biggest Dutch financial services company, has agreed to buy a stake in Bank of Beijing Co. for $215 million. ING is to get a 20% stake in Bank of Beijing and…
Tagged By banking
Beijing & Washington Heat Up Over New Development Bank
It’s not often that the UK finds itself in Washington’s bad books—this is, after all, a country that supports the US in even its most ill-advised foreign adventures and is often described as America’s …
Russia outsmarts Western sanctions—and China is paying attention
Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but it has not stopped him…
China moves to overhaul banking supervision
China has launched the most significant overhaul of its banking supervision framework in more than 20 years, unveiling draft amendments to the Banking Supervision and Administration Law that would …
China financial regulator approves Liao Lin as ICBC’s chairman
Feb 19 (Reuters) – China’s financial regulator has approved Liao Lin as chairman of Industrial and Commercial Bank of China Ltd (ICBC) 601398.SS1398.HK, the world’s largest lender by assets, according …
Bank of Beijing may unveil fundraising plan
BEIJING – Bank of Beijing, a city-focused lender, may announce a plan to raise funds via a share placement following a trading suspension of its shares, Reuters reported Friday, citing a Chinese …
How Is China’s Overseas Lending Changing in a Post-Default Era?
The fractured alignment between SOEs and policy banks that once underpinned China’s overseas lending model is now breaking down after a wave of sovereign defaults.
China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months
Analysts note how Beijing’s policy goals, such as internationalising China’s currency and curbing overcapacity, are aligning with a firmer exchange rate.
Bank of China Is Leading the Way in Green Finance
Bank of China is showing that “green” is the color of future development by fostering rapid growth in its green finance business and supporting a range of sustainable projects at home and abroad. Bank …
China Unloading Bank Shares, Transferring Debt Risk To Foreigners
On Tuesday, Li Jiange, the vice chairman of Central Huijin Investment Ltd., told reporters in Frankfurt that the Chinese central government plans to reduce its holdings in the country’s largest state …
Bank of Beijing to buy 50% stake of ING Capital Life Insurance
BEIJING: Bank of Beijing, China’s leading city commercial bank by market value, has been approved to buy 50 percent of shares of ING Capital Life Insurance Co, Ltd, becoming the first bank of its kind…
China’s December bank lending seen rising on government stimulus measures: Reuters poll
New bank loans in China probably rose in December from the month before, a Reuters poll showed on Friday, as government stimulus measures slowly began to lift appetite for credit long suppressed by a …
China’s December bank lending seen rising on government stimulus measures
By Liz Lee BEIJING, Jan 9 (Reuters) – New bank loans in China probably rose in December from the month before, a Reuters poll showed on Friday, as government stimulus measures slowly began to lift…
