China’s securities regulator said it is preparing a new reform plan for the fund management industry aimed at improving long-term returns, lowering fees, and strengthening oversight of market activity …
Tagged By financials
China allows banks to offer higher interest rates on dollar deposits in bid to cool yuan rally
China allows select banks to offer higher US dollar deposit rates above SOFR, reversing 2023 caps to slow yuan appreciation and retain corporate dollar …
China banks raise dollar deposit rates amid yuan strength, sources say
June 5 (Reuters) – Several Chinese banks have raised dollar deposit rates in recent weeks, sources said, in a move some traders say is likely aimed at slowing the pace of yuan appreciation. At least…
Japanese regional banks scale back in China and turn to Southeast Asia and India
Among regional lenders, Kyoto Financial Group, the parent company of Bank of Kyoto, plans to open a representative office in India.
China appoints Ding Xiangqun as head of financial regulator
BEIJING, June 5 (Reuters) – China has appointed Ding Xiangqun as minister of the National Financial Regulatory Administration, an official statement showed on Friday. She was appointed as the …
Banks curb China trips, delay events after cross-border scrutiny
Banks are reassessing their approach on the mainland after Beijing launched its most aggressive campaign yet against unauthorised cross-border trading to stem capital flight.
Global Market: Hong Kong financial stocks tumble as China tightens capital outflow controls
Hong Kong financial shares fell Friday. Beijing’s new capital controls are causing concern. Global banks with mainland China business face tighter rules. Offshore account openings and fund flows are …
Hong Kong financial stocks tumble as China tightens offshore checks
Hong Kong-listed financial stocks fell on Friday after reports of tighter scrutiny on mainland Chinese clients seeking to open offshore accounts raised concerns over cross-border money flows and fee …
Executive at China Bad-Debt Manager Taken Away by Authorities
Yang Yi, a vice president at China Citic Financial Asset Management Co. Ltd., has been unreachable for more than two weeks, the sources told Caixin in mid-May. Unlock exclusive discounts with a Caixin …
China’s central bank resumes cash injection following a two-day hiatus
SHANGHAI: China’s central bank resumed injections via its daily liquidity operations on Friday, following a two-day hiatus, but remained in withdrawal mode for funds from the banking system for the …
TenPay Global Launches “Remit to China for Non-Chinese Citizens” -A New Feature For International Users to Send Funds Directly to China
TenPay Global, Tencent Financial Technology’s cross-border payment platform, today announced the launch of its innovative “Remit to China for Non-Chinese Citizens” feature. International users holding …
HSBC, StanChart, Prudential fall after report China tightening offshore account rules
By Samuel Indyk LONDON, June 4 (Reuters) – Shares in British financial services firms with exposure to China fell on Thursday, after a report in Chinese press said that residents of mainland China …
FTSE 100 drops amid China banking concerns and falling oil prices
The UK’s benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines in Asia-focused lenders and miners after reports of tighter offshore …
