The Central Bank of Nigeria (CBN) on Thursday, released guidelines for the bilateral currency swap agreement between Nigeria and China. The CBN gave the guidelines in a document signed by its Director, Financial Markets Department,…
Tagged By finance
China CITIC Bank, Ant Financial ink strategic deal
China CITIC Bank Co Ltd and Ant Financial signed a strategic partnership agreement on Thursday to share resources and promote innovation in financial products and services. Leveraging on their advantages in green finance, inclusive finance,…
Shanghai Sperm Bank Rejects Overweight, Hair Loss Donors
The human sperm bank will also be the first in China to use genomic screening techniques. Genomic screening can prevent diseases from being passed on to the next generation, said Xu Congjian, director of a…
China policy bank reports over $100b loans to SCO countries
An employee counts Chinese one-hundred yuan banknotes at the Bank of China Hong Kong Ltd headquarters in Hong Kong, Nov 12, 2016. [Photo/VCG] BEIJING – China Development Bank (CDB), a major policy bank, has so…
Banks to open Renminbi accounts in China
The Central Bank of Nigeria (CBN) yesterday released the operational guidelines for the $2.5 billion currency swap agreement between Nigeria and China. The Peoples Bank of China (PBoC) – CBN) Bilateral Currency Swap (BCSA) regulations…
China’s money rates fall, helped by c.bank’s long-term cash injection
SHANGHAI, June 8 (Reuters) – China’s primary money rates fell this week as liquidity deepened at the start of a month and market sentiment improved after a net long-term cash injection led by the central…
Nigeria: CBN Issues New Guidelines On China Currency Swap Transactions
… for the conduct of financial transactions under the recently federal government signed currency swap deal with the bank of China. In the new guidelines that was titled: “Regulations for Transactions with Authorised Dealers in…
Ant Financial raises $14 billion in world’s largest-ever single fundraising
SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private…
HBL Elevated as Member Bank for Shanghai Cooperation Organisation
has been granted the status of membership bank, during the 14th council meeting of Shanghai Cooperation Organization Interbank Association (SCO-IBA), was held between 4th to 7th June, 2018 in Beijing, China. The Shanghai Cooperation Organisation…
China Huarong to refocus on bad loans amid probes into chairman, investment
BEIJING/SHANGHAI (Reuters) – China Huarong Asset Management Co Ltd (HKSE:2799.HK – News) will focus on its core bad debt business, the company said, amid investigations by the official anti-corruption watchdog of its chairman, Lai Xiaomin,…
China’s Ant Financial says raises $14 billion in funding round
SHANGHAI (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform by market share, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private…
Ant Financial Raises $14 Billion as Latest Funding Round Closes
China’s Ant Financial, the payments giant controlled by Jack Ma, raised about $14 billion in its latest funding round as it accelerates the expansion of Alipay globally and develops new technology. The funding makes Ant…
China’s Ant Financial raises $14 billion to bolster global push
SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, said on Friday it had raised around $14 billion from investors including Singapore’s sovereign fund and U.S. private equity firm Warburg…