A Chinese folk singer has received an apology from a bank after he was denied an account because of his disability. Zhou Yunpeng is blind, and was told he was not allowed a bank account…
Tagged By finance
New China financial regulator says to deepen reform, fend off risk
BEIJING (Reuters) – China’s new banking and insurance regulator said on Thursday it will deepen the reform and opening up of the banking and insurance systems and will crack down on financial risk. In a…
China central bank will launch crackdown on virtual currencies
BEIJING (Reuters) – China’s central bank will launch a crackdown on all types of virtual currencies this year, a vice governor of the central bank said on Thursday. The central bank will also push forward…
Bank of China to provide banking services
The Reserve Bank of New Zealand has registered Bank of China to provide banking services in New Zealand, bringing the total number of registered banks to 26. Bank of China Ltd is incorporated in the…
Train believed to be carrying high-level North Korean delegation leaves Beijing
South Korea’s left-leaning press Hankyoreh also reported Kim had traveled to Beijing for meetings with Chinese President Xi Jinping on Monday afternoon before leaving for a “third location” on Tuesday. It did not cite specific…
Retail banking boosts China CITIC
Retail banking contributed about 34.17 billion yuan ($5.46 billion) to the net non-interest income of China CITIC Bank, the Beijing-based national joint-stock commercial lender announced on Tuesday. On the contrary, the volume of its interbank…
China’s premier pledges market opening in bid to avert U.S. trade war
The United States asked China in a letter last week to cut a tariff on U.S. autos, buy more U.S.-made semiconductors and give U.S. firms greater access to the Chinese financial sector, the Wall Street…
U.S. seeks China trade moves on autos, financials, chips: source
WASHINGTON/BEIJING (Reuters) – Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors in negotiations to avoid plans to…
China Vice Premier Liu tells regulators financial risk crackdown is their priority
China is among global economies viewed as most vulnerable to a banking crisis, according to the Bank for International Settlements. Beijing has maintained that debt risks are under control, and its commitment to deleveraging will…
Chinese banking majors deliver improved 2017 earnings
Three of mainland China’s five biggest banks have posted improved earnings for 2017, after a national regulatory crackdown on shadow banking drove more borrowers back to traditional lenders. Net annual profits at Industrial and Commercial…
Beijing 2022 receives boost after Bank of China provides huge cash sum for country’s winter sports
The Bank of China, an official partner of Beijing 2022, has launched its Winter Olympics action plan today by providing CNY ¥30 billion (£3.4 billion/$4.8 billion/€3.9 billion) for Chinese winter sports from now through to…
China’s big banks escape profit doldrums
The Industrial and Commercial Bank of China (ICBC), the world’s biggest lender in terms of total assets, said full-year profit grew 2.8 percent to 286.05 billion yuan ($45 billion). Agricultural Bank of China (ABC) said…
Train’s arrival in Beijing raises speculation of Kim visit
BEIJING (AP) — Speculation about a visit to Beijing by North Korean leader Kim Jong Un or another high-level Pyongyang official was running high Tuesday amid talk of preparations for a meeting between the North’s…
