China’s top banking regulator said on Thursday that the country will further open up its banking system to foreign investors, who have failed to make inroads into the highly regulated sector and seen their market…
Tagged By china
Sinochem taps banks for Hong Kong IPO of oil assets: sources
The IPO plan also comes amid Beijing’s latest push to revive its bloated state-owned enterprise sector via the so-called mixed-ownership reforms by injecting private capital into state enterprises. “Our people are preparing for it (IPO)…
Sinochem taps banks for Hong Kong IPO of oil assets
The IPO plan also comes amid Beijing’s latest push to revive its bloated state-owned enterprise sector via the so-called mixed-ownership reforms by injecting private capital into state enterprises. “Our people are preparing for it (IPO)…
New York and Las Vegas cabs start accepting China’s biggest mobile payment mode
The taxi cabs in two popular U.S. destinations have responded to the millions of Chinese tourists coming in every year. By next month, tens of thousands of cabs in New York City and Las Vegas…
Alipay, WeChat and Android are top brands Chinese consumers cannot live without
“But In China, where ambitions are huge but social regimentation keeps people from [expressing themselves or] realising their ambitions, people project a lot of their emotions onto their digital selves. “So that’s why I think…
UPDATE 1-Shanghai Pharma bids for U.S. Cardinal Health’s China business
* Shanghai Pharma makes two non-binding bids for Cardinal China * Cardinal China had revenue of more than $3.5 bln last year (Adds Lazard declined comment) By Julie Zhu HONG KONG, Oct 18 (Reuters) -…
Shanghai Pharma says bid for U.S. Cardinal Health’s China business
HONG KONG, Oct 18 (Reuters) – Shanghai Pharmaceuticals Holding Co said it has bid for Cardinal Health Inc’s China business, as the U.S. drug distributor looks to exit over worries China’s upcoming drug distribution reform…
China to give foreigners greater access to banking sector – regulator chief
BEIJING (Reuters) – China’s top banking regulator said on Thursday that the country will further open up its banking sector to foreign investors and crack down on business irregularities to prevent financial risks. “We will…
China signals tougher line on finance sector
People’s Bank of China Governor Zhou Xiaochuan, who is due to retire soon, told a meeting of top finance officials at the National Party Congress on Thursday that corporate debt levels were too high. He…
China central bank warns against ‘Minsky Moment’ due to excessive optimism
BEIJING (Reuters) – China will fend off risks from excessive optimism that could lead to a “Minsky Moment”, central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and…
China’s ’emergency exit’ from debt: devaluing the currency, says Credit Suisse
The world’s second largest economy has already entered a state of deleveraging and the era of investment and of housing-led growth is over, said the head of Credit Suisse’s private banking business in China, Dong…
UPDATE 1-China c.bank warns against “Minsky Moment” due to excessive optimism
* Says yuan trade band not a key issue at moment * Zhou is expected to step down early next year (Adds details, comments) BEIJING, Oct 19 (Reuters) – China will fend off risks from…
China will crack down on irregularities in banking sector – regulator chief
BEIJING (Reuters) – China will crack down on irregularities in the banking sector and resolutely curb any rise in hidden debt, Guo Shuqing, head of the country’s banking regulator, said on Thursday. China also will…
