(Bloomberg) — China’s still importing oil from Iran weeks after the U.S. imposed sanctions aimed at halting sales of crude from the Persian Gulf nation. Official customs data on Friday showed China … ( read…
Tagged By finance
Another Month, Another Chinese Bank Bailout
Beijing dislikes bailing out state companies—particularly banks—but can’t seem to kick the habit. The latest example is Bank of Jinzhou. On Thursday, this small Northern lender said it was in talks … ( read original…
China’s central bank continues to skip reverse repos Friday
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, Oct 8, 2018. [Photo/IC] BEIJING – China’s central bank continued to skip open market operations via reverse … ( read…
China Proposes Tighter Oversight of Financial Holding Firms
China plans to start regulating large conglomerates that may pose systemic risks to the nation’s financial sector. Certain non-financial firms or individuals with businesses that straddle at least two … ( read original story …)
China Proposes Tighter Oversight of Financial Holding Companies
China plans to start regulating large conglomerates that may pose systemic risks to the nation’s financial sector. Certain non-financial firms or individuals with businesses that straddle at least two … ( read original story …)
China moves to regulate ‘blind’ business expansion of financial holding firms
BEIJING — China’s central bank on Friday unveiled the first draft rules to regulate the country’s vast and often complex financial holding companies, which it said have had “blind business … ( read original story…
China may give big asset management firms nod for M&As of smaller banks
China’s banking and insurance regulator has told the country’s biggest distressed debt managers to prepare contingency plans to take over or invest in high-risk small and medium-sized Chinese banks, … ( read original story …)
China may give big asset management firms nod for M&As of smaller banks
China’s banking and insurance regulator has told the country’s biggest distressed debt managers to prepare contingency plans to take over or invest in high-risk small and medium-sized Chinese banks, … ( read original story …)
China central bank issues draft rules on financial holding firms
BEIJING (Reuters) – China’s central bank issued draft rules on financial holding companies on Friday, setting minimum asset requirements and banning them from non-financial business activities. Draft … ( read original story …)
China Bank of Jinzhou says in talks with possible investors, renewing contagion worry
BEIJING/SHANGHAI (Reuters) – China’s Bank of Jinzhou, which suspended trading in its shares earlier this year and saw its auditor quit, said on Thursday that it is in talks with multiple parties for … (…
The China Finance Online (NASDAQ:JRJC) Share Price Is Down 81% So Some Shareholders Are Rather Upset
It’s not possible to invest over long periods without making some bad investments. But really bad investments should be rare. So take a moment to sympathize with the long term shareholders of … ( read…
Jinzhou Bank Seeks Strategic Investors as Concerns Resurface
(Bloomberg) — Bank of Jinzhou Co. said it is in talks to introduce strategic investors after a report that China’s financial regulators are seeking to resolve its liquidity problems pushed down … ( read original…
China banking regulator will study ways to restructure high-risk rural commercial banks
BEIJING (Reuters) – China’s banking and insurance regulator said on Thursday it will study market-based and law-based ways to restructure and reform high-risk rural commercial banks. It will also … ( read original story …)
