The Bank of China on Tuesday became the first Chinese bank to launch private banking services in London, in a bid to tap into the burgeoning pool of wealthy individuals living in and traveling to…
Tagged By finance
Military Drills Help China’s Best Bank Toughen Up Its Staff
At Bank of Taizhou Co., trainees are pushed to count money with lightning speed, toughened up by ex-instructors from the People’s Liberation Army and mobilized to go after delinquent borrowers with the subtlety of an…
China should push market-based financial reforms: central bank adviser
BEIJING (Reuters) – China’s central bank policy adviser Huang Yiping said on Wednesday that bank lending rates in China should be market-based and that policymakers should not rely on administrative measures to lower funding costs.…
Opinion: Why China’s financial system is safer than you may think
Last month, the governor of China’s central bank, Zhou Xiaochuan, blasted the country’s financial system as, if I were to paraphrase, “messy, shaky and risky”. These are all music to the ears of some China…
China overtakes US in latest top 500 supercomputer list
The most recent list shows that China is now in a class by itself, reports Enterprise Cloud News (Banking Technology’s sister publication). China now claims 202 systems within the Top 500, while the US –…
China Finance Online Reports Third Quarter and First Nine Months of 2017 Unaudited Financial Results
BEIJING, Nov. 14, 2017 /PRNewswire/ — China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors…
BRIEF-China Internet Nationwide Financial to acquire big data company
* China Internet Nationwide Financial Services Inc. to acquire big data company * China Internet Nationwide Financial – entered into equity transfer agreement to acquire 100% equity interest in Beijing Anytrust Science & Technology *…
China just made a historic move to open its financial system to the world
China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund…
Banks lead China stocks higher on financial deregulation
SHANGHAI, Nov 13 (Reuters) – China stocks rose on Monday morning, led by banks, as excitement over financial deregulation unveiled last week continued to boost sentiment, mitigating wider concerns about higher corporate borrowing costs amid…
China Opens Up Financial System
Nov.12 — Andrew Collier, managing director of Orient Capital Research, discusses China opening up its financial system and where he sees opportunity. He speaks on “Bloomberg Daybreak: Asia.” ( read original story …)
UBS’s Qian Says China Is Maturing in Financial Markets
Nov.12 — Eugene Qian, chairman of UBS China Strategy Board, discusses China’s plan to open up its financial sector and what it means for investors. He speaks on “Bloomberg Daybreak: Asia.” ( read original story…
China opens finance industry to foreign firms, but is it too late for Hong Kong players?
China’s decision to remove foreign ownership restrictions on financial firms within five years has been welcomed by Hong Kong’s government, but many in the local financial industry believe the change will has come too late…
Chinese Banks Enjoy Few Bad Loans But Central Bank Warns Of Risks
governor of the People’s Bank of China, has been issuing increasingly stark warnings over China’s financial stability that are difficult to ignore. How does one reconcile these phenomena—how can banks flourish while cracks in the…
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