1. First Bank of Nigeria Plc opened a representative office in Beijing, China – June 2010. 2. Ecobank Transnational Incorporated opened a representative office in Beijing, China – December 2012 3. Access Bank Plc opened…
Tagged By finance
China’s financial opening up attracts global investors
BEIJING – China’s latest opening-up measures in the financial sector have attracted more global investors to China’s high-quality growth. Last week, Japan’s largest securities trader Nomura became the first foreign player planning to set up…
China April new loans rise but shadow lending shrinks
China’s banks extended a record 13.53 trillion yuan in new loans last year, 7 percent more than the previous record in 2016, as authorities sought to support domestic activity even as they clamped down on…
China’s Didi apologizes after killing of passenger sparks safety fears
BEIJING/SHANGHAI (Reuters) – China’s biggest ride-sharing company apologized on Thursday over the killing of a passenger, apparently by her driver, and said it had to win back the trust of users after a “tragedy” that…
Bloomberg hosts exclusive Future of Finance event with Henry Paulson
Bloomberg hosted a private luncheon in Beijing this week with over 50 senior executives coming together to discuss the Future of Finance with Henry Paulson, where he spoke about the imperatives of green finance, US-China…
Wall Street banking giant JP Morgan looks to expand in China
Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part…
China Credit Growth Beats Estimates as Economy Maintains Pace
China’s broadest measure of new credit exceeded estimates and loan growth picked up, signaling that the economy remains robust into the second quarter. Aggregate financing stood at 1.56 trillion yuan ($246 billion) in April, the…
China moves to strengthen financial ties to Japan in face of US trade war threat
China and Japan have moved to strengthen their financial ties with each other amid the looming threat of a trade war with the United States. The two countries have been working to improve relations despite…
Four banks to support Beijing rural land-for-rental housing plan
The commission said the four banks — Huaxia Bank and the Beijing branches of China Development Bank, Agricultural Bank of China and China Construction Bank — can grant loans for up to 80 percent of…
China Merchants Bank Faces Suit Over Racial Discrimination
China Merchants Bank Co. was accused of discriminating against African-Americans in a lawsuit filed on behalf of a former executive who claims she was fired for blowing the whistle on its conduct. The Shenzhen, China-based…
China’s financial opening: Will it be different this time?
President Xi Jinping, in his speech at the 17th Boao Forum, announced plans to further open China’s economy. One of the key highlights of these new measures is the opening of the financial sector to…
China collects trove of 3 trillion financial records in bid for tighter control of country’s banks
China has amassed a dizzying collection of 3 trillion banking records in its drive to exert effective regulatory control over the nation’s financial institutions in the digital age. The big data mountain – made up…
China to tighten rules on banks’ wealth management business – sources
BEIJING/SHANGHAI (Reuters) – China’s banking and insurance regulator will soon publish detailed rules on banks’ wealth management products (WMPs) as part of Beijing’s effort to curb risks in the financial sector, three sources familiar with…
