His appointment is being seen as an attempt to ensure continuity at the bank as Beijing continues to try and rein in growing debt and limit risky financial practices. He will take over a central…
Tagged By finance
Yi Gang to head up China’s central bank
Getty Images Yi Gang at the 12th NPC March 2017 Beijing-born Yi Gang has been deputy governor of China’s central bank since 2008 1 US-educated economist Yi Gang has been named the next governor of…
Regulator shopping in vogue as China’s shadow banks evade Beijing’s grip
China’s banking regulator, which oversees trust lending … it’s difficult to prevent there being some looser bureaus and some stricter ones,” said one current Beijing-based regulator. ( read original story …)
New China central bank governor: China should keep financial sector stable
BEIJING (Reuters) – Newly elected People’s Bank of China Governor Yi Gang said on Monday that the most important task is to implement prudent monetary policy, while at the same time pushing forward financial reform…
Exclusive: Regulator shopping in vogue as China’s shadow banks evade Beijing’s grip
SHANGHAI/BEIJING (Reuters) – Some of China’s biggest shadow banking groups are shopping for regulators in far-flung regions to help pass deals unlikely to be approved by more savvy regulators closer to home, according to multiple…
U.S. tariffs, China trade tensions overshadow G20 finance meeting
Buenos Aires (Reuters) – Worries about the potential for a U.S.-China trade war and frustration over U.S. President Donald Trump’s steel and aluminum tariffs threatened to dominate a gathering of finance leaders this week amid…
China may prioritise financial stability over growth in 2018: QNB
China is to prioritise financial stability over growth this year; QNB said and has forecast the country’s growth at 6.4% in 2018. Last week at the National People’s Congress (NPC), an annual policy summit for…
JD.com’s finance unit aims to raise $1.9 billion, valuation set to double: sources
JD.com, CICC and China Merchants Group declined to comment. COFCO did not respond to a request for comment. JD Finance mainly offers online financial services and products including consumer credit and wealth management products. It…
BRIEF-China Minsheng Financial Holding Says Tianjin Tm To Provide Loan To CMIG Asia
March 16 (Reuters) – China Minsheng Financial Holding Corp Ltd: * TIANJIN TM TO PROVIDE LOAN TO CMIG ASIA; LOAN PRINCIPAL TO BE NOT MORE THAN RMB75 MILLION Source text for Eikon: Further company…
JD.com’s finance arm is fundraising at a $20 billion valuation
JD.com’s finance arm is looking to raise about $1.9 billion in fresh equity. The unit of China’s second-largest e-commerce firm is seeking to deepen its push into areas such as securities, banking and insurance. The…
JD.com’s finance unit aims to raise $1.9 billion in fresh funding: sources
JD.com, CICC and China Merchants Group declined to comment. COFCO did not respond to a request for comment. JD Finance offers online financial services and products including consumer credit and wealth management products. It also…
Bale will get valuable playing time in China, says Wales’ Giggs
(Reuters) – The China Cup offers Wales midfielder Gareth Bale the perfect opportunity to get some minutes under his belt as he tries to put a run of games together in another season blighted by…
JD.com’s finance unit aims to raise $1.9 bln, valuation set to double -sources
JD.com, CICC and China Merchants Group declined to comment. COFCO did not respond to a request for comment. JD Finance mainly offers online financial services and products including consumer credit and wealth management products. It…
