Fitch Ratings has affirmed Beijing Future Science Park Development Group Co., Ltd.’s (BFSP) Long-Term Foreign- …
Tagged By finance
Exclusive: China bars banks from selling commodities-linked products to retail buyers – sources
China’s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb …
Bitcoin mining set to wane in China as green concerns and financial risks see Beijing ramp up the pressure
China’s place at the centre of global bitcoin mining is fading as Beijing ramps up the pressure on heavy energy-use practices amid growing green ambitions and rising concerns over the financial risks …
China gives green light to Goldman
Goldman Sachs has obtained preliminary approval from Beijing to establish a wealth management firm with one of China’s biggest banks. The Wall Street bank confirmed plans to establish a joint venture …
China’s Graft Busters Reveal ‘Shocking’ Corruption Among Local Regulators of Failed Baoshang Bank
China’s top antigraft agency has disclosed details of corruption cases involving five former banking regulators in the Inner Mongolia autonomous region who between them took more than 700 million yuan …
China’s CBDC Could Give Beijing ‘Leeway for Economic Retaliation,’ Says National Security Expert
China’s central bank digital currency (CBDC) could give it more leverage over international companies that are required to use it.
Goldman Targets China Wealth Management With ICBC Tie-Up
Goldman’s asset-management arm will own 51% of the venture, and the remainder will be held by an ICBC wealth-management subsidiary.
China approves Goldman Sachs, ICBC joint wealth management venture
China’s largest bank Industrial and Commercial Bank of China (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset …
Goldman Forms Wealth Venture With China’s Largest Bank
Goldman Sachs Group Inc. received approval from Chinese regulators to set up a wealth management joint venture in the world’s second-largest economy to go after an asset pool it estimated will surpass …
China to step up financial services for new agricultural businesses
Chinese financial and agricultural authorities have demanded efforts to improve financial services for new types of agricultural business entities amid the country’s push for rural vitalization and …
Huarong Bonds Lose Half Their Value in Key China Funding Market
China’s repo market shows just how risky China Huarong Asset Management Co.’s bonds are perceived to be within the mainland, despite being majority-owned by the finance ministry. Borrowers putting up …
Stablecoins ‘threaten financial stability’; China’s commodities boom crackdown; Liberty steelworks for sale – as it happened
Rolling coverage of the latest economic and financial news …
The race to avert disaster at China’s biggest ‘bad bank’
Huarong’s role in absorbing and disposing of lenders’ soured debt is worth preserving to support the banking sector cleanup, but requires government intervention, according to Dinny McMahon, an …
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