BEIJING, Dec. 29, 2017 /PRNewswire/ China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced that it has entered into a strategic cooperation agreement (the ……
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BRIEF-China Fortune Financial Says Fortune Finance,China Jurong International & Chargors Entered Agreement
Dec 29 (Reuters) – China Fortune Financial Group Ltd : * CHINA FORTUNE FINANCIAL -FORTUNE FINANCE,CHINA JURONG INTERNATIONAL & CHARGORS ENTERED LOAN AGREEMENT,LENDER TO GRANT LOAN IN AMOUNT OF HK$60 MILLION Source text for Eikon:…
China regulator penalizes 13 financial institutions over illegal bank guarantee case
BEIJING (Reuters) – China’s banking regulator said on Friday it has penalized 13 financial institutions for providing funds to China Guangfa Bank, imposing fines and confiscating illegal income totaling 1.34 billion yuan ($206 million). The…
Donald Trump slams China and Vanity Fair in busy day on Twitter
DONALD Trump has publicly accused China of supplying oil to the North Korean regime, claiming it has been “caught red-handed”. According to a report from Fox News, drawing on information from the South Korean newspaper…
Debts lurking in China’s shadow banking system
SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank…
BRIEF-China Development Bank Financial Leasing Says Special Purpose Cos To Buy 5 Ships For $231.4 Mln
Dec 28 (Reuters) – China Development Bank Financial Leasing Co Ltd: * 5 WHOLLY-OWNED SPECIAL PURPOSE COS ENTERED SHIPBUILDING CONTRACTS TO BUY 5 VESSELS FOR $231.4 MILLION Source text for Eikon: Further company coverage: Our…
China’s leaders fret over debts lurking in shadow banking system
The Chang’an Trust product was one of countless so-called wealth management products sold to investors to help raise money for a massive wave of lending in China that began in the aftermath of the 2008…
China to ‘standardize’ market access for foreign lenders: regulator
BEIJING (Reuters) – China’s banking regulator has issued draft measures for amending its licensing and oversight of some foreign-funded bank activities, a move it says is aimed at promoting investment in the country’s fast-growing financial…
China to ‘standardise’ market access for foreign lenders – regulator
BEIJING (Reuters) – China’s banking regulator has issued draft measures for amending its licensing and oversight of some foreign-funded bank activities, a move it says is aimed at promoting investment in the country’s fast-growing financial…
China moves to impose order on mobile payments boom
China’s central bank has tightened rules on mobile payments made by scanning a barcode, imposing restrictions that could slow the explosive growth for Alibaba’s financial services affiliate and that of its main rival, Tencent. The…
Chinese developers renovate run-down buildings to gain foothold in Beijing, Shanghai
an association of real estate and finance professionals, in the first half of this year Beijing had less than 1 million square metres of completed and ongoing conversion projects, out of the city’s total 47…
New keys to financial opening-up
China seeks new keys to financial opening-up; policy to accelerate changes to banking, securities ‘step by step’ The Chinese government in 2018 is likely to introduce more detailed regulations in areas like banking to support…
China’s 2018 Slowdown Imminent
The results reinforce views that China’s economy will slacken in 2018 after posting … particularly targeting speculative lending in the financial sector and the housing market. Mixed Results While fourth quarter corporate borrowing fell from…
