* Says board approves to issue up to 60 billion yuan ($8.93 billion) financial debentures, 500 million yuan non-performing loan asset-backed securities, and to launch up to 60 billion yuan asset securitisation business ( read…
Tagged By finance
China’s found a new way to crack down on a secretive—but common—practice
The Shanghai Stock Exchange is zeroing in on any corporate actions that may present financial risks to the market … crash in 2015 wiped out trillions in market value. Meanwhile, China’s slowing pace of growth…
Inclusive finance to lift fintech firms
More banks are to set up inclusive financing to better finance smaller enterprises, farmers and underprivileged people who have little access to financing services, Zhongtai Securities said in a research note. A research note by…
China’s bank regulator lets crackdown deadline slip over stability worries: sources
BEIJING/SHANGHAI (Reuters) – China’s banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of…
China seeks to shed light on its shadow banking system
The bulk of economists and investors outside China agree: the country’s already high debt levels are growing too fast and threaten its extraordinary run of economic growth. That worry is most commonly expressed in reference…
Trump ‘appreciates’ China, Russia backing on tough North Korea sanctions that have ‘big financial impact’
US President Donald Trump has commended China and Russia for their support on a US-drafted resolution ramping up sanctions on North Korea, saying he “appreciates” their votes. “The President appreciates China’s and Russia’s cooperation in…
How China’s billion savers embarked on a household debt binge
Tianfeng Securities estimates the mortgage instalment to monthly income ratio, a measure of borrowers’ repayment capability, has reached 67 per cent, well over the 50 per cent red line set by the banking regulator. But…
China’s Banking Sector to Grow Steadily
Beijing-Tianjin-Hebei coordinated development and Yangtze River Economic Belt plans. For his part, Lian Ping, chief economist of the Bank of Communications, assured that the growth of outstanding non-performing loans (NPLs) of the listed banks and…
UN, including Beijing., agrees tough sanctions on North Korea banning more than a third of the country’s exports
It also imposes an asset freeze on two companies and two banks. Apparently the newly sanctioned Foreign Trade Bank is “a very critical clearing house for foreign exchange” for North Korea, and the Mansudae Overseas…
United Nations bans key North Korean exports over missile tests
Washington, frustrated that China has not done more to rein in North Korea, has threatened to exert trade pressure on Beijing and impose sanctions on … including North Korea’s primary foreign exchange bank, subjecting them…
UN imposes tough new sanctions on North Korea
China’s Foreign Minister Wang Yi called for all sides in the nuclear dispute to return to negotiations and repeated Beijing’s proposal for a “double … called the newly sanctioned Foreign Trade Bank “a very critical…
THAAD deployment causes South Korea’s biggest ever services deficit with China
The Bank of Korea (BOK) previously predicted the South Korea-China … in value-added as a result of the conflict between Seoul and Beijing. “An analysis of Chinese tourists before the group tourism ban shows around…
UN bans key North Korea exports over missile tests
Washington, frustrated that China has not done more to rein in North Korea, has threatened to exert trade pressure on Beijing and impose sanctions on … including North Korea’s primary foreign exchange bank, subjecting them…
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