While China has indicated its readiness to buy U.S. agricultural products, it has also called the U.S. the “black hand” behind anti-government protests in Hong Kong and said Friday an investigation … ( read original…
Tagged By finance
Jack Ma’s $290 Billion Loan Machine Is Changing Chinese Banking
(Bloomberg) — Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades. ……
China’s Iran oil imports plunge as U.S. sanctions bite
BEIJING/SINGAPORE (Reuters) – China’s crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on U.S. sanctions … (…
Bank of China is bullish for bitcoin
There’s no doubting the Bank of China’s favorable stance on bitcoin: Yesterday, it posted an infographic on its website, explaining how cryptocurrency works, its uses and value. Until recently … ( read original story …)
China’s central bank issues draft rules on financial holding companies in move to rein in risk
China’s central bank on Friday released a draft regulation on financial holding companies, as it seeks to contain the potential spread of risk from their business to other sectors. “There is a … ( read…
China gives big distressed debt managers nod to make M&A plans for troubled smaller banks – sources
SHANGHAI/BEIJING — 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 … ( read original story …)
China gives big distressed debt managers nod to make M&A plans for troubled 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’s Still Taking Iran Oil Weeks After U.S. Toughens Sanction
(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…
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…
