The largest development organisation in the Muslim world, the Islamic Development Bank, is set to ramp up its fundraising activities and form a partnership with the China-led Asian Infrastructure Investment Bank to address a yawning…
Tagged By finance
China’s Brics-Plus partnership could transform global trade
China, South Africa (Brics) is becoming the glue for new inter-regional trade alliances. However, despite the creation of a common New Development Bank by the Brics, and other initiatives to boost economic ties between members,…
China Exports Hold Up as Commodities, Base Effects Boost Imports
Economist Takeaways “High imports are related to base effects and rising commodities prices, which may give a lift to domestic inflation this year,” said Liao Qun, chief economist at China Citic Bank International Ltd. in…
MARKET BUZZ: Tencent, China Banks Lift Hong Kong’s HSI
HONG KONG (Feb 21) — Hang Seng up 0.7% at 31,094.98, led by mainland lenders and Tencent. China Construction Bank, Bank of China and Industrial & Commercial Bank of China rise by at least 1.2%…
China’s Development Bank registers at AIFC
ASTANA – Astana International Financial Centre’s (AIFC) Financial Services Regulatory Committee recently registered the Development Bank of China, which makes it the 10th participant of the centre. It is expected that by the end of…
Hong Kong stocks end firmer, H-shares rise ahead of China reopening
As of the previous close, the Hang Seng has declined 6.12 percent this month. ** The top gainers among H-shares were Agricultural Bank of China Ltd up 4.18 percent, followed by China Citic Bank Corp…
India’s City Union Bank CEO says suffered cyber hack via SWIFT system
A third totaling $1 million was sent through a Bank of America account in New York to a China-based bank, which Kamakodi on Sunday identified as Zhejiang Rural Credit Cooperative Union in Hangzhou, China. Kamakodi…
need2know: Great Indian bank fraud and other macro cues for your day on D-Street
In January, Beijing outlined its ambitions to extend the initiative … banks could take a hit of more than $3 billion pertaining to $1.8 billion Punjab National Bank fraud, is false. “News appearing in certain…
Dissecting China’s Banking Sector
Deutsche Bank (DB) recently hosted its Access China 2018 conference which the management of the top five banks in China attended. The management of each bank shared the outlook of the bank on key metrics…
CHINA MINSHENG BANKING (600016)
China Minsheng Banking Corp., Ltd. engages in the provision of corporate and personal banking, treasury business, finance leasing, assets management, and other financial services.It operates its business through the following segments: Corporate Banking … (…
“Aggressive” hiring in Singapore as demand spikes for China-coverage bankers
The boom in demand for China coverage bankers is spreading from Hong Kong to Singapore. https://news.efinancialcareers.com/sg-en/239783/chinese-private-banking-clients/ The boom in demand for China coverage bankers is spreading from Hong Kong to Singapore. ( read original story…
Central bank to rein in risky State businesses
China’s monetary authority set up its multitasking goals this year to better balance economic growth, financial deleveraging and risk prevention while maintaining a tough regulatory stance. People’s Bank of China, the central bank, kept the…
HSBC becomes first international bank allowed to remit yuan to China
HSBC said on Wednesday that it had helped a Chinese national remit yuan from Australia back to mainland China, the first international bank to do so since a rule change in January. The transaction is…
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