Analysts are taking note of the struggles in China’s banking industry, which is being battered by an official deleveraging drive. At least five smaller lenders have been downgraded by credit-rating co… ( read original story…
Tagged By financials
China thinks long-term on financial stability — so should we
Where are we in the global economic cycle? I wish I had the answer. The unwinding of the Fed’s stimulus programs, combined with the risk of a global trade war and rising populism in a…
Bank of Korea Sees Possible Impact From China Deleveraging Plan
The economy of South Korea, which is very reliant on China, may see more adverse impact than previously expected from China’s plan for deleveraging, the Bank of Korea said in a report on Sunday. South…
Top Chinese financier warns Brexit puts London at risk of losing its status as hub for international banks expanding into Europe
Sun Yu, Bank of China’s UK chief executive and chairman of the China Chamber of Commerce in Britain, demanded clarity over Brexit, saying businesses like his are racking up costs due to the uncertaint… (…
Chinese banking regulator maintains tough line on market violations
BEIJING, July 21 (Xinhua) — Chinese banking regulators continued to take a tough line on market violations in the first half of the year to maintain stable market order and prevent financial risks. T… (…
China issues rules on wealth management of banks
The rules contain specific items designed to standardize the sector, including strengthened supervision, prevention of shadow-banking risks, better leverage control and protection of investor interest… ( read original story …)
China’s Yuan Extends Loss as PBOC Weakens Fix, Easing Bets Mount
(Bloomberg) — China’s yuan fell to a one-year low, as the central bank showed little sign of intervening to slow the currency’s descent and bets for monetary policy easing mounted. The yuan dropped 0 ……
China-UAE Conference on Islamic Banking to launch in November
DUBAI, 21st July, 2018 (WAM) — In line with the nationwide celebrations of ‘UAE-China Week’, Hamdan bin Mohammed Smart University, HBMSU, has reaffirmed its commitment to building bridges of knowledg… ( read original story …)
China steps up regulations of $3 trillion bank wealth management products
BEIJING (Reuters) – China’s banking and insurance regulator on Friday released long-awaited draft rules to strengthen regulations of commercial bank wealth management businesses, the latest step by Be… ( read original story …)
China’s yuan turns up, bounces off one-year lows as big state banks seen selling dollars
The People’s Bank of China lowered its yuan midpoint for the seventh straight trading day to 6.7671 per dollar on Friday, 605 pips or 0.9 percent weaker than the previous fix of 6.7066. The latest…
China’s money rates fall as c.bank boosts liquidity with eye on trade war
SHANGHAI, July 20 (Reuters) – China’s primary money rates fell this week as the central bank pumped cash into the banking system, and as it prepared to soften small firms’ financing burdens in an atte……
China to launch financial innovation schemes in Chongqing, Zhejiang
BEIJING (Reuters) – China financial regulators said on Friday it will launch pilots schemes on innovations around financial standards in the city of Chongqing and the province of Zhejiang. The schemes … ( read original…
China’s tumbling yuan slows as big banks seen selling dollars
SHANGHAI (Reuters) – China’s yuan plunged to a more than one year low against the dollar on Friday after the central bank fixed a weak midpoint, but traders said major state banks sold dollars during…
ADVERTISEMENT
