Recent share performance and business scale Without a specific news announcement driving trading, Bank of China (SEHK:3988) has still drawn attention as the stock posted a 1 day return of 1.14% and a …
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China to tighten oversight of private investment funds
BEIJING/SHANGHAI, June 5 (Reuters) – China on Friday tightened oversight of the country’s 23 trillion yuan ($3.40 trillion) private fund industry, in a bid to reduce financial risks and channel money …
China regulator plans fund industry overhaul focused on long-term returns
China’s securities regulator said it is preparing a new reform plan for the fund management industry aimed at improving long-term returns, lowering fees, and strengthening oversight of market activity …
China allows banks to offer higher interest rates on dollar deposits in bid to cool yuan rally
China allows select banks to offer higher US dollar deposit rates above SOFR, reversing 2023 caps to slow yuan appreciation and retain corporate dollar …
China banks raise dollar deposit rates amid yuan strength, sources say
June 5 (Reuters) – Several Chinese banks have raised dollar deposit rates in recent weeks, sources said, in a move some traders say is likely aimed at slowing the pace of yuan appreciation. At least…
Japanese regional banks scale back in China and turn to Southeast Asia and India
Among regional lenders, Kyoto Financial Group, the parent company of Bank of Kyoto, plans to open a representative office in India.
China appoints Ding Xiangqun as head of financial regulator
BEIJING, June 5 (Reuters) – China has appointed Ding Xiangqun as minister of the National Financial Regulatory Administration, an official statement showed on Friday. She was appointed as the …
Banks curb China trips, delay events after cross-border scrutiny
Banks are reassessing their approach on the mainland after Beijing launched its most aggressive campaign yet against unauthorised cross-border trading to stem capital flight.
Global Market: Hong Kong financial stocks tumble as China tightens capital outflow controls
Hong Kong financial shares fell Friday. Beijing’s new capital controls are causing concern. Global banks with mainland China business face tighter rules. Offshore account openings and fund flows are …
Hong Kong financial stocks tumble as China tightens offshore checks
Hong Kong-listed financial stocks fell on Friday after reports of tighter scrutiny on mainland Chinese clients seeking to open offshore accounts raised concerns over cross-border money flows and fee …
Executive at China Bad-Debt Manager Taken Away by Authorities
Yang Yi, a vice president at China Citic Financial Asset Management Co. Ltd., has been unreachable for more than two weeks, the sources told Caixin in mid-May. Unlock exclusive discounts with a Caixin …
China’s central bank resumes cash injection following a two-day hiatus
SHANGHAI: China’s central bank resumed injections via its daily liquidity operations on Friday, following a two-day hiatus, but remained in withdrawal mode for funds from the banking system for the …
TenPay Global Launches “Remit to China for Non-Chinese Citizens” -A New Feature For International Users to Send Funds Directly to China
TenPay Global, Tencent Financial Technology’s cross-border payment platform, today announced the launch of its innovative “Remit to China for Non-Chinese Citizens” feature. International users holding …
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