(Reuters) – China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP [TPG.UL] and Carlyle Group LP,…
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China eases restrictions on foreign ownership of securities ventures
BEIJING (Reuters) – China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation…
Kazakh Finance Minister meets Chinese colleague in Beijing
BEIJING. KAZINFORM – Minister of Finance Bakhyt Sultanov paid a working visit to Beijing on the invitation of the Chinese side on April 27-28, Kazinform reports. During the negotiations with his Chinese colleague Liu Kun…
China will take steps to further open to foreign banks, insurers
China’s banking and insurance regulator announced Friday that it will take a series of actions to accelerate construction of legal and supplementary systems to further open the country’s banking and insurance sectors. The China Banking…
China Minsheng Banking : ANNOUNCEMENT CHANGES IN ACCOUNTING POLICIES
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim…
China’s central bank drains capital from market to balance liquidity
BEIJING – The People’s Bank of China (PBOC) drained liquidity from the financial system via open market operations this week after a reserve requirement ratio (RRR) cut injected hundreds of billions of yuan into the…
China’s central bank issues final asset management policy
The target of the new rules is to restrict banks from investing in high-risk and short-term funding vehicles, while preventing unexpected risks arising from tightening, especially for liquidity risk. [Photo/VCG] China’s central bank issued the…
China’s central bank tightens rules on asset management firms in move to reduce risks
China’s central bank unveiled far-reaching rules on the asset management sector on Friday, including regulations on leverage limits and a ban on implicit guarantees, as part of broader efforts to reduce financial risks. Market players…
How China Finance Online Co Limited (NASDAQ:JRJC) Can Impact Your Portfolio Volatility
If you are looking to invest in China Finance Online Co Limited’s (NASDAQ:JRJC), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk…
China’s Hollywood romance sours amid trade war, debt fears
China’s Huahua Media and the state-backed Shanghai Film Group in November scrapped a $1 billion agreement to co-finance a slate of films from Paramount Pictures. In February, NBCUniversal sold out of Oriental DreamWorks, its much-hyped…
China’s Big Five banks log fastest first-quarter profit growth in four years
On Friday, Agricultural Bank of China Ltd (AgBank), reported a 5.43 percent rise in first-quarter net profit, while the country’s largest bank, Industrial and Commercial Bank of China Ltd (ICBC), said its net profit grew…
China tightens rules on non-financial firms investing in financial institutions
BEIJING (Reuters) – China’s central bank and financial regulators have issued guidelines to strengthen supervision on non-financial companies investing in financial institutions. China will strictly restrict irrational and blind investment in financial … ( read…
China regulator: will implement financial market opening measures as soon as possible
BEIJING (Reuters) – China’s banking and insurance regulator said on Friday it would implement financial market opening measures as soon as possible. China has laid out a clearer timetable for opening its financial sector to…
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