SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank…
Tagged By finance
BRIEF-China Development Bank Financial Leasing Says Special Purpose Cos To Buy 5 Ships For $231.4 Mln
Dec 28 (Reuters) – China Development Bank Financial Leasing Co Ltd: * 5 WHOLLY-OWNED SPECIAL PURPOSE COS ENTERED SHIPBUILDING CONTRACTS TO BUY 5 VESSELS FOR $231.4 MILLION Source text for Eikon: Further company coverage: Our…
China’s leaders fret over debts lurking in shadow banking system
The Chang’an Trust product was one of countless so-called wealth management products sold to investors to help raise money for a massive wave of lending in China that began in the aftermath of the 2008…
China to ‘standardize’ market access for foreign lenders: regulator
BEIJING (Reuters) – China’s banking regulator has issued draft measures for amending its licensing and oversight of some foreign-funded bank activities, a move it says is aimed at promoting investment in the country’s fast-growing financial…
China to ‘standardise’ market access for foreign lenders – regulator
BEIJING (Reuters) – China’s banking regulator has issued draft measures for amending its licensing and oversight of some foreign-funded bank activities, a move it says is aimed at promoting investment in the country’s fast-growing financial…
China moves to impose order on mobile payments boom
China’s central bank has tightened rules on mobile payments made by scanning a barcode, imposing restrictions that could slow the explosive growth for Alibaba’s financial services affiliate and that of its main rival, Tencent. The…
Chinese developers renovate run-down buildings to gain foothold in Beijing, Shanghai
an association of real estate and finance professionals, in the first half of this year Beijing had less than 1 million square metres of completed and ongoing conversion projects, out of the city’s total 47…
New keys to financial opening-up
China seeks new keys to financial opening-up; policy to accelerate changes to banking, securities ‘step by step’ The Chinese government in 2018 is likely to introduce more detailed regulations in areas like banking to support…
China’s 2018 Slowdown Imminent
The results reinforce views that China’s economy will slacken in 2018 after posting … particularly targeting speculative lending in the financial sector and the housing market. Mixed Results While fourth quarter corporate borrowing fell from…
Beijing moves to curb online personal loans
Soon you get addicted to it.” With more than US$100 billion worth of loans and rising worries among Chinese consumers about privacy, Beijing is moving to rein in online personal loans. Last month, the People’s…
China’s central bank to standardize QR code payment
BEIJING, Dec. 27 (Xinhua) — The People’s Bank of China (PBOC) announced plans Wednesday to regulate QR code payment to contain risks arising from the popular service. Payment institutions must obtain proper permits to offer…
China Construction Bank : funds coal away from home
Nguy Thi Khanh, executive director and founder of the Green Innovation and Development Centre (GreenID), a Vietnamese non-profit promoting sustainable energy sector development, told VIR that China is playing a very substantial role in coal…
China central bank skips open market operations for 4th consecutive day
BEIJING, Dec. 27 (Xinhua) — China’s central bank suspended open market operations for the fourth working day Wednesday, citing sufficient liquidity in the banking system. “The rising fiscal spending near year-end is sufficient to offset…
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