Beijing has sped up the pace of ownership reforms for China’s banking, securities, futures, asset management and insurance sectors, shifting the timeline for implementation from years to just months after President Xi Jinping this week…
Tagged By finance
China to peer inside its shadow banking world via a new database
Beijing will establish a data bank in support of its campaign to clean up its unruly shadow banking system and control financial risk as it continues to learn from the lessons of the stock market…
China pledges to allow more foreign investment in financial sector by year-end
BOAO, China (Reuters) – China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from…
China to allow more foreign investment in financial sector this year: PBOC
BOAO, China (Reuters) – China will allow domestic and foreign financial firms to compete on an equal footing and “sharply” expand the business scope for foreign banks, central bank governor Yi Gang said on Wednesday.…
How China became a global leader in green finance
A concerted approach to sustainable development has been gaining traction in China over the past three years and increasingly, countries in the West are looking to Beijing for cues on green investment. At the bilateral…
China’s central bank says it will skip OMOs on Wednesday
SHANGHAI (Reuters) – China’s central bank said it will skip open market operations on Wednesday as liquidity levels in the banking system were “relatively high”. On a net basis, the People’s Bank of China (PBOC)…
China central bank governor says will continue to carry out prudent monetary policy
BOAO, China (Reuters) – China will continue to carry out prudent monetary policy, central bank governor Yi Gang said on Wednesday. Yi, speaking at the Boao Forum for Asia in southern Hainan province, said interest…
Hashtag Trending – Paypal going after traditional banks, Facebook’s continued problems, China’s dystopian ranking system
PayPal is moving closer to “mainstream banking”, Facebook suspends another data analytics firm for using tactics like Cambridge Analytica, and China is testing a social credit ranking system straight out of a Black Mirror episode.…
UPDATE 2-China’s Ant Financial aims for $9 bln in new funding – WSJ
April 10 (Reuters) – Chinese billionaire Jack Ma’s online payments business Ant Financial now plans to raise $9 billion in its next planned round of funding, potentially valuing the company at $150 billion ahead of…
China president’s conciliatory trade gesture raises optimism
BEIJING (AP) — Investors and China watchers welcomed President Xi Jinping’s pledge Tuesday to open his country’s market wider to foreign competition, hoping it will ease a trade dispute with Washington that has unsettled financial…
China’s Ant Financial aims for $9 bln in new funding – WSJ
April 10 (Reuters) – Chinese billionaire Jack Ma’s online payments business Ant Financial now plans to raise $9 billion in its next planned round of funding, potentially valuing the company at $150 billion ahead of…
BRIEF-China Development Financial Holding unit CDIB Capital Group disposes stake in GlobalWafers for T$308 mln
* Says its unit CDIB Capital Group disposed 689,000 shares of GlobalWafers Co Ltd, with the average price of T$447.09 per share, for T$308 million in total ( read original story …)
BRIEF-China Development Bank Financial Leasing Announces Purchase And Leaseback Of Two Aircraft
* AGGREGATE LIST PRICE OF AIRCRAFT IS ABOUT US$592.8 MILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
