When it stops growing it collapses.” China has lots of first-rate infrastructure and talented people. But a financial crisis there would surely do damage to the world economy, including the US. Better for China to…
Tagged By finance
China’s Internet Finance Association Issues ICO Warning
A self-regulatory organization focused on online finance in China has issued a warning to its members on initial coin offerings (ICOs). In a statement yesterday, the National Internet Finance Association of China warned that ICOs…
UPDATE 1-China’s property market is a major source of financial risk – c.bank official
… market has become a major source of financial risk and Beijing cannot rely on adjustments to monetary policy alone to resolve the “serious” problems caused by the sector, a central bank official wrote on…
RPT-UPDATE 1-China’s c.bank bans longer-tenor NCDs to close bank funding loophole
SHANGHAI/BEIJING, Aug 31 (Reuters) – China’s central bank has barred financial institutions from issuing certain kinds of interbank loans as a funding loophole, as it continues to keep a tight grip on the potential for…
China’s central bank bans new issuance of long-term NCDs
BEIJING, Aug 31 (Reuters) – China’s central bank said on Thursday financial institutions are not allowed to issue inter-bank negotiable certificates of deposit (NCD) with a tenor exceeding one year from Sept. 1. NCDs with…
Diverging paths: As China’s big banks improve, smaller lenders lag
But smaller, national and regional lenders – which control about a third of China’s banking assets – are still feeling the strain, hit by a regulatory crackdown on risky activity that has made it difficult…
AP Exclusive: China accuses outspoken tycoon in US of rape
The Chinese officials’ disclosures to the AP — an unusual move given the political sensitivity of Guo’s case in China — underscores Beijing’s urgent effort to not only bring a fugitive to heel on criminal…
Expert discounts risk of Chinese financial crisis
China may not encounter a major financial crisis like the one that hit the United States almost a decade ago given the former’s tight financial regulation and low household mortgage ratio, a senior economist said.…
Postal Savings Bank’s HK shares rise on A-share offer plan
Shares in the Postal Savings Bank of China rallied in Hong Kong on Wednesday after it unveiled plans to replenish its capital levels through an A-share offering. Its stock ended the morning session up 3…
China’s Big Banks Beat Profit Estimates as Bad Loans Curbed
along with China Construction Bank Corp., control about a third of the nation’s $36 trillion of banking assets. What’s more, as interbank lenders, their interest margins have benefited from the government’s campaign against financial leverage…
Bank of China net profit up 12%
BEIJING–Bank of China said on Wednesday its first-half net profit rose 12% on year, thanks to higher interest and fee income. Net profit for the six months ended June 30 rose to 103.69 billion yuan…
China’s postal bank plans Shanghai listing, seeks to raise $785 million
HONG KONG (Reuters) – State-owned Postal Savings Bank of China (1658.HK), the country’s biggest lender by branches, said it was planning a Shanghai listing, seeking to raise around $785 million. The move follows its Hong…
China Finance Online Co. Limite (NASDAQ:JRJC) Closed Its 50 Day Moving Average
Trading volume for China Finance Online Co. Limite was 191K on Wednesday. Shares saw a steep increase in trading volume of 406.64% over the normal average daily volume. Investors are feeling more bearish on the…
