“If risks spread further into the financial system, a match box could morph into an atomic bomb.” The crisis has brought Pang Da Automobile Trade Co , a car dealer once dubbed China’s “King ……
Tagged By financials
Beijing’s new lending targets for private firms send China bank stocks diving
Chinese banking stocks tumbled on Friday after China’s financial regulator outlined targets for banks to increase lending to private companies to boost confidence in the strained sector. The China Ban… ( read original story …)
China Banks Fall on Concern Loan Targets Are a Step Too Far
At least a third of new loans should go to non-state companies, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said late Thursday. Private lending was less than a quar… ( read…
China Banks Plunge on Concern Lending Targets Are a Step Too Far
At least a third of new loans should go to non-state companies, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said late Thursday. Private lending was less than a quar… ( read…
For China’s Bad Banks, the Future’s Worse
Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. ( read original story …)
China Bank posts lower income at end-Sept. as revenues drop
CHINA BANKING Corp. (China Bank) saw its net income slip as of end-September, bogged down by lower non-interest revenues despite higher loans booked during the period. In a disclosure, the Sy-owned ba… ( read original…
China Construction Bank Corporation (CCB), Fall Report 2018 – ResearchAndMarkets.com
The “China Construction Bank Corporation (CCB) Fall, 2018” company profile from CIR has been added to ResearchAndMarkets.com’s offering. The Equity Valuation Report for China Construction Bank … ( read original story …)
Bank Run In Southwestern Chinese City Could Signal “Impending Financial Crisis”
Ever since China’s shadow banking sector peaked two years ago, one of Beijing’s biggest financial and social stability concerns was of widespread, out-of-control bank runs which if left unchecked, cou… ( read original story …)
China’s October new loans seen lower but credit easing on track: Reuters poll
But banks prefer dealing with firms which have state banking, considering them lower risk. Serena Zhou, China economist with Mizuho Securities in Hong Kong, said the drop in loans from September did n… ( read…
Import extravaganza highlights China’s promise, challenges
SHANGHAI — Visitors to a vast trade fair meant to rebrand China as a welcoming import market could sip Moroccan wine, ogle Italian yachts and watch a Japanese industrial robot play ping-pong. The comm… (…
China October export growth surprisingly strong in race to beat higher U.S. tariffs
China’s trade surplus with the United States was $31.78 billion … by U.S. tariffs and the Chinese economy expanding at the weakest pace since the global financial crisis, policymakers in Beijing hav… ( read original…
China’s Grand Internet Vision Is Starting to Ring Hollow
(Bloomberg) — Ever since Chinese President Xi Jinping marked the opening of the first World Internet Conference in 2014, it was meant to usher in a new era of digital openness and project China as…
China Declines To Reveal Details Of Financial Aid Planned For Pakistan
China has once again declined to quantify the financial assistance it is willing to provide to Pakistan. Pakistan Prime Minister Imran Khan visited China from November 2 to 5 during which he held talk… (…
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