Google-parent Alphabet and China’s Alibaba, according to Oliver Rui, a professor of finance at the China Europe International Business School in Shanghai. Authorities are also mulling creating a new class of security called China Depositary…
Tagged By finance
China Unicom aims to reap rewards from ties to new shareholders
HONG KONG (Reuters) – Telecoms group China Unicom plans to lean on some of China’s biggest technology and financial firms who have recently become its shareholders to drive compounded annual pre-tax profit growth of 68.7…
China to bar people with bad ‘social credit’ from planes, trains
SHANGHAI (Reuters) – China said it will begin applying its so-called social … Those found to have committed financial wrongdoings, such as employers who failed to pay social insurance or people who have failed to…
Virtu Financial founder: We should view China as long-term partners
Vincent Viola, Virtu Financial founder, discusses the Trump administration’s views on trade and economic policies as well as the market’s reaction. “Fast Money Halftime Report” trader Joe Terranova weighs in. ( read original story …)
Will China’s high debt levels spark a financial crisis?
Multiple international organizations have expressed concerns about China’s ballooning debt levels and warned the Asian giant could face a full-blown financial crisis should there be no action to counter the problem. Soaring debt levels and…
China plans new ministries and merger of regulators in massive government revamp
China is planning to merge its banking and insurance regulators, and create a national markets supervision management bureau, in parliament documents released on Tuesday. It will also transfer some of the banking and insurance regulators’…
BRIEF-Fitch says China regulator merger may strengthen financial oversight
* FITCH ON CHINA REGULATOR MERGER-OVERALL RESULT SHOULD BE THAT AUTHORITIES HAVE MORE CONTROL OVER LEVERAGE ,THREATS TO FINANCIAL STABILITY OVER TIME Source text for Eikon: Our Standards:The Thomson Reuters Trust Principles. ( read original…
China Hands PBOC More Power in Overhaul of Financial Regulators
(Bloomberg) — China is giving its central bank greater regulatory powers while merging the watchdogs responsible for banking and insurance, a key move in the nation’s campaign to curb risks in its financial sector. The…
China, Canada, HK at Risk of Banking Crisis
A blow-out in the number can signal that credit growth is excessive and a financial bust may be looming. In China, the gap fell to 16.7% in the third quarter of 2017, down from a…
China merges bank, insurance regulators to tackle risk
BEIJING — China’s government announced plans Tuesday to create a newly powerful regulator to oversee scandal-plagued banking and insurance industries as they try to reduce debt and financial risks. The move is in line with…
China to merge regulators, create new ministries in biggest revamp in years
China will also transfer some of the banking and insurance regulators’ roles to the central bank, the document showed, in a long-awaited move to streamline and tighten oversight of the financial system in the world’s…
Agricultural Bank Of China Announces Prelim Financial Data For 2017
March 12 (Reuters) – Agricultural Bank Of China Ltd 601288.SS>::FY OPERATING INCOME RMB537,041 MILLION, UP 6.13 PERCENT.FY NET PROFIT ATTRIBUTABLE RMB192,962 MILLION VERSUS RMB183,941 MILLION .2017 NET INTEREST MARGIN 2.28 PERCENT VERSUS 2.25 … (…
JPMorgan’s Gartside Is ‘Not at All’ Worried About a Financial Crisis in China
Mar.12 — Alberto Gallo, portfolio manager at Algebris Investments, and Nicholas Gartside, international chief investment officer of fixed income at JPMorgan Asset Management, discuss the risks of a China banking crisis. They speak with Bloomberg’s…
