Bank of China Ltd. shares slumped the most in almost four months in Hong Kong after the lender failed to report the same improvements in asset quality as its rivals. The stock lost 3.2 percent…
Tagged By finance
HSBC first foreign bank approved to lead offerings by non-financial issuers in China’s domestic market
It’s time for some celebration for the folks at HSBC as China takes more small steps on the path of opening up its capital markets. On Monday HSBC was named the first foreign bank approved…
China’s big four banks post solid Q3 results
Net income at the four banks — Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank (CCB), and Agricultural Bank of China — all grew in the low single digits…
Sunrise Kempinski Hotel, Beijing & Yanqi Island Launches Yanqi – Ski Vacation
BEIJING, Oct. 30, 2017 /PRNewswire/ — Sunrise Kempinski Hotel, Beijing & Yanqi Island offers Yanqi • Ski Vacation Package from 1 st December. Located 60 km north of Beijing’s city centre, Sunrise Kempinski Hotel, Beijing…
Xi Appoints New Leader to Run China’s Biggest Financial Hub
Moves expand Xi’s options for remaking China’s top leadership One is China’s most reliable political springboard, the other is its largest regional economy. Both got new party chiefs in a weekend reshuffle that expands President…
BRIEF-Agricultural Bank of China posts Q3, Jan-Sept financial results
* Says Q3 net profit up 4.9 percent y/y * Says 9-month net profit up 3.8 percent y/y * Says bank’s tier 1 capital adequacy ratio at 11.13 percent at end of Sept * Says…
Beijing investment bank: why the bears are wrong about China’s economy
Those who fear China is headed for a hard landing or a deep depreciation of its currency have overestimated the country’s debt problem and underestimated its potential to urbanise, according to a leading Chinese investment…
China Biggest Financial Hub, Provincial Economy Get New Leaders
Moves expand Xi’s options for remaking China’s top leadership One is China’s most reliable political springboard, the other is its largest regional economy. Both got new party chiefs in a weekend reshuffle that expands President…
China’s central bank drama
But the sexagenarian foremost on investors’ minds these days should be Zhou Xiaochuan, a lame duck as governor of the People’s Bank of China. Beijing’s most forceful economic reformer turns 70 in January, and it…
Embassy to Help Remove Banking Hurdles in China
After reports emerged that the banking woes of Iranian citizens in China have resurfaced and they are increasingly finding their accounts closed, the Iranian Embassy in Beijing announced that it is determined to resolve the…
China central bank boosting oversight of loans offered on the internet – media
This year, the People’s Bank of China has added wealth management products to its regulatory oversight as it seeks to contain risks to the financial system. (Reporting by Dominique Patton and Muyu Xu; Editing by…
Liberals table budget bill to join China’s Asian Infrastructure Investment Bank
The Liberal government has introduced a second large budget bill that includes a new law establishing Canada’s participation in the Beijing-based Asian Infrastructure Investment Bank. Bill C-63, Finance Minister Bill Morneau’s second budget bill of…
Crisis or Stagnation: Why China Cannot Deleverage
“China requires 6.5 units of capital to create one unit of gross domestic product growth, double the ratio of a decade ago”, according to UBS and the Financial Times. The situation worsens with households. Household…
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