Baoshang was taken over by the government in May 2019, part of an onerous process by the financial and banking regulators to clean it up, recapitalise and resuscitate it to avoid a whole scale ……
Tagged By finance
China sentences fourth Canadian to death on drug charges
China has sentenced a fourth Canadian citizen to death on drug charges in less than two years following a sharp downturn in ties over the arrest of an executive of Chinese tech giant Huawei. Ye…
Trump issues bans on China’s TikTok, WeChat, stoking tension with Beijing
U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent , operator of messenger app WeChat, in a … ( read original story…
China Tells Banks, Wealth Fund to Cut Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest … ( read original…
Can China Win the Financial Cold War?
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, … ( read original story …)
Town of China Grove names new finance director
At its regular meeting on Tuesday night, the China Grove Town Council introduced the town’s new finance director and designated a stormwater appeals hearing officer. Dean Luddie, a registered … ( read original story …)
China’s Higher Bond Yields Buck The Global Trend
Chinese government bond yields, however, have bucked the trend, with 10-year bond yields climbing from their April lows of 2.4% to top 3%, putting them at pre-COVID-19 levels. ( read original story …)
China Tells Banks, Sovereign Fund to Limit Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest … ( read original…
BeiGene Reports Second Quarter 2020 Financial Results
(GLOBE NEWSWIRE) — BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biotechnology company focused on developing and commercializing innovative medicines worldwide, today reported recent … ( read original story …)
China allows first commercial bank to go bankrupt in almost 20 years
China’s central bank has announced the first bankruptcy of a commercial bank in nearly two decades, authorising the liquidation of regional lender Baoshang Bank, a year after it seized control of the … ( read…
Ex-Malaysian finance minister arrested on graft charges over China-linked tunnel project
finance minister Lim Guan Eng has been arrested following corruption investigations into a China-linked US$1.5 billion undersea tunnel project, the government said on Thursday. government ousted in … ( read original story …)
China central bank says it will make policy more flexible and targeted
China’s central bank said on Thursday it would make its prudent monetary policy more flexible and targeted, and keep liquidity appropriately ample to support economic recovery. ( read original story …)
China’s bank regulator moves to rein in small lenders as Beijing fears financial risks
Many Chinese companies have taken a big hit from the coronavirus pandemic. And as they struggle to repay debts, pressure is mounting on the country’s small lenders. ( read original story …)
