Bidders hoping to challenge the dominance of HSBC and its local rivals, Bank of China (Hong Kong) and Standard Chartered , include China’s Ant Financial, Tencent , and Ping An Insur… ( read original story…
Tagged By financials
China’s Central Bank Faces Tough Task in Guarding Nervous Yuan
September is set to be a hard month for China’s money markets, handing the nation’s central bank the tricky task of adding just enough liquidity without prompting renewed weakness in the yuan. Funding … (…
Japan finance minister, Chinese officials endorse global trade system amidst Trump tariffs
BEIJING—Japan’s finance minister and Chinese officials have pledged support for the multilateral system of global trade regulation ahead of a possible new round of U.S. tariff hikes in a battle over B… ( read original…
China’s banks see jump in fines under chief regulator Guo – UBS
BEIJING (Reuters) – Fines levied by China’s banking regulator have surged since Guo Shuqing became its head in February 2017, rising nearly six-fold from the cumulative fines levied over the previous … ( read original…
Japan says financial dialogue with China ‘extremely good’
BEIJING (Reuters) – Japanese Finance Minister Taro Aso said on Friday that the current round of financial dialogue with China was “extremely good”, and that both sides agreed to maintain cooperation i… ( read original…
China to escalate efforts in curbing financial risks
BEIJING, Aug. 30 (Xinhua) — China’s banking and insurance regulator has vowed to step up efforts in curbing financial risks and deepening reform and opening-up in the sectors. China’s economy has mai… ( read original…
China’s top bank ICBC flags trade war risks as profits rise
SHANGHAI/BEIJING (Reuters) – Industrial and Commercial Bank of China (1398.HK)(601398.SS), the world’s largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad … ( read original story …)
China Banks Managing $16 Trillion Can’t Stop Talking About Risk
Bank of China Ltd. said it achieved “new breakthroughs in risk mitigation,” while China Construction Bank Corp. touted its “stringent risk management.” Industrial & Commercial Bank of China Ltd., the … ( read original story…
China’s big banks post firm results, see trade tension risks
Agricultural Bank of China (AgBank) (01288.HK, 601288.CN), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it has increased provisions as trade … ( read original story …)
Trade tensions cast shadow even as China’s big banks bag more profits
BEIJING (Reuters) – Agricultural Bank of China (AgBank), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it had increased provisions as … ( read original story …)
Behind the gains for China’s big banks lurks the spectre of pain
At first glance, investors in China’s big banks should be breaking out the champagne. Tighter liquidity has boosted margins at three of the big four, with a crackdown on shadow banking forcing borrowe… ( read…
Private Banks Are Starting to Breach the Wall Around China’s Wealthy
It’s hard to put numbers on the vast private banking opportunity in China, but here are some: $29 trillion in household wealth and $15 trillion in the asset management industry. Perhaps the most cruci… (…
China bank regulator says will push forward with deleveraging
BEIJING (Reuters) – China’s banking regulator said on Wednesday that it will push forward with deleveraging and proactively fend off external risks, as the financial sector still faces hidden risks an… ( read original story…
