The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, with the ratio g… ( read…
Tagged By finance
PINTEC Partners with Beijing EVERCARE on Installment Financing
BEIJING, Nov. 12, 2018 /PRNewswire/ — Pintec Technology Holdings Ltd. (“PINTEC”;NASDAQ: PT), a leading independent technology platform enabling financial services in China, today announced that it ha… ( read original story …)
What’s a Private Company? China Banks Grapple With Lending Rules
The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, a missive that s… ( read…
China won’t set targets for individual banks’ loans to private firms: state media
BEIJING (Reuters) – China will not set specific targets for each bank on how much loans should be given to private firms, and banks’ credit assessment standards will not be compromised, state-owned Ch… ( read…
China’s Xi Jinping revives Maoist call for ‘self-reliance’
Even as Mr Xi has sought to position China as a champion of globalisation amid the US retreat into protectionism, the call for “self-reliance” highlights how Mr Xi is also advocating mercantilist poli… ( read…
How’s China’s Opening to the Financial Sector Going?
Last year, China pledged to allow overseas financial firms greater access to the world’s second-largest economy. Then came the trade war with the U.S., raising concerns that President Xi Jinping could … ( read original…
China developers face $55bn of maturing onshore debt in 2019
China’s property market is a bedrock for growth and economists fear that signs of distress in developer debt would send ripples through the financial system just as other problems are mounting. China’ … ( read…
People’s Bank of China warns of downward pressure on economy
… economy was facing downward pressure in the central bank’s most recent update of its monetary policy implementation report, Reuters reported. Increasingly, public concerns from Beijing’s financial … ( read original story …)
China’s annual shopping frenzy shatters another record
SHANGHAI — Online shoppers spent more than $14 billion within the first two hours of China’s annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. … (…
Trade war, market drag creating opportunities in China, CPPIB chief says
“Our teams are busy,” Machin told the Financial Post on Friday in a phone interview during his latest trip to China. “I think given the softening markets in China and related markets … ( read…
In China, response to pledged share meltdown stirs concern
“If risks spread further into the financial system, a match box could morph into an atomic bomb.” The crisis has brought Pang Da Automobile Trade Co , a car dealer once dubbed China’s “King ……
Beijing’s new lending targets for private firms send China bank stocks diving
Chinese banking stocks tumbled on Friday after China’s financial regulator outlined targets for banks to increase lending to private companies to boost confidence in the strained sector. The China Ban… ( read original story …)
China Banks Fall on Concern Loan Targets Are a Step Too Far
At least a third of new loans should go to non-state companies, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said late Thursday. Private lending was less than a quar… ( read…
