BEIJING, June 20, 2018 /PRNewswire/ — Hexindai Inc. (NASDAQ: HX) (“Hexindai” or the “Company”), a fast-growing consumer lending marketplace in China, today announced that it has been officially accepted as a member of the Nandu…
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Beijing looks to lead in cultural creative sector
Beijing’s deputy Party secretary, while the opinion includes 19 supportive policies aimed at providing financial support for existing and planned demonstration parks. Support will cover areas including infrastructure, public services, financial services … ( read…
China central bank expects banking system liquidity to rise further from current level
SHANGHAI (Reuters) – China’s central bank said on Thursday that it expects liquidity in the banking system to increase further from current levels. The remarks were made by the People’s Bank of China (PBOC) after…
Major Chinese lenders made illegal loans, Beijing’s audit office says
Violations by Industrial and Commercial Bank of China Ltd (1398.HK)(601398.SS), Agricultural Bank of China Ltd (AgBank) (1288.HK)(601288.SS), and China CITIC Group Co., Ltd included providing loans, discounted bills and gold leases to unqualified companies ……
Yuan weakens further despite efforts by People’s Bank of China to stabilise exchange rate
A higher midpoint rate by the central bank on Tuesday showed Beijing was trying to stabilise the exchange rate. On the mainland, turbulence in the capital and money markets is seen as a serious issue…
Goldman Sachs Hires Veteran Dealmaker for China Investment Bank
Previously at private equity firm FountainVest Partners Co., Cai will head the business alongside Beijing-based Zhu Hansong … where he was co-head of China investment banking and Asia vice chairman. The last person to run…
China Central Bank Governor Says Stay ‘Calm and Rational’ After Market Free Fall
China’s central bank governor urged investors to “stay calm” Tuesday following a plunge in domestic stocks that sent the country’s benchmark index to a two-year low following the latest escalation of the ongoing trade war…
Hong Kong, China in Danger of Financial Crisis Within 3 Years: Nomura
Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators.…
China could be on the verge of stoking its financial fire even further
Recent Chinese economic data has undershot expectations, leading to speculation that China’s central bank may take steps to support activity levels. RBC Capital Markets thinks the bank is likely to cut a critical ratio for…
China to target US energy for retaliatory action
China is lining up retaliatory tariffs against the US to hit energy, which is one of its most successful export industries in recent years. Sales of US oil, gas and coal to China have been…
Financial Firms Chinlink and MCM’s Joint Venture Sets Sights on Xi’an
Chinlink is a financial services provider holding multiple licenses both in Hong Kong and China, providing financing guarantee, finance lease, supply chain finance and money lending services and etc. Chinlink has established a strong foothold…
Goldman Sachs hires Cai Wei as co-head of China investment banking
HONG KONG (Reuters) – Goldman Sachs (GS.N) has hired Cai Wei as partner and co-head of its China investment banking division, it said in an internal memo, which was confirmed by a Goldman Sachs spokeswoman.…
White House piles pressure on China after Trump tariff threat
Even with tariffs on an additional $200 billion in Chinese goods, the impact on both China’s and the U.S. economy is set to be small, most economists say. The risk of contagion comes from financial…
