China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail. Beijing…
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China steps up banking oversight to prevent risks
China’s top banking regulator has proved with actions that oversight in the banking sector will be tightened and regulatory standards will become stricter. China Banking Regulatory Commission (CBRC) has fined the Chengdu branch of Shanghai…
China invites Latin America to take part in One Belt, One Road
Chinese Foreign Minister Wang Yi said the region was a natural fit for the initiative, which China has leveraged to deepen economic and financial cooperation with developing nations. “China will always stay committed to the…
BRIEF-China Development Financial Holding unit disposes stake in GlobalWafers for T$300.6 mln
* Says its unit CDIB Capital Group disposes 1.2 million shares of GlobalWafers Co Ltd , at the average price of T$258.04 per share, for T$300.6 million in total ( read original story …)
Ford tests Focus prototype in U.S. ahead of China production launch
DETROIT (Reuters) – Ford Motor Co is testing prototypes of the redesigned 2020 Focus compact car on U.S. roads 18 months ahead of the car’s production launch in China. The 2020 Focus will be the…
People: PBoC deputy appointed vice-mayor of Beijing
China: One of the Chinese central bank’s deputy governors has been appointed the vice-mayor of Beijing, according to an official government announcement. Yin Yong, who was appointed deputy governor of the PBoC in 2016, was…
China and the west head for a clash of systems
The Davos splash made last year by Xi Jinping, China’s leader, derived from his apparent defence of globalisation. His message played well to the globetrotting elite, but a year later the disharmonies between China and…
BMO boosts ties with Chinese bank as country vows to open up sector
Bank of Montreal is venturing deeper into China by expanding its relationship with the country’s largest state-owned bank. A new memorandum of understanding with Industrial and Commercial Bank of China Ltd. (ICBC), signed in November…
Shanghai Pudong Development Bank fined $72 mln by CBRC over bad loans
A new round in China’s campaign against market wrongdoing in the financial sector is unfolding, with the Chengdu branch of the Shanghai Pudong Development Bank (SPD Bank) being the latest to be penalized for illegal…
How a China Bank Foxed Regulators And May Force a Market Rethink
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UPDATE 1-Credit Suisse names new heads of Asia investment banking, Greater China
* Stoehr adds the role of Greater China chief executive (Adds details from Credit Suisse statement) HONG KONG, Jan 22 (Reuters) – Credit Suisse named two senior executives of the bank on Monday to replace…
Bank of Canada expected to hike key interest rate to highest level since 2009
The Bank of Canada is widely expected to hike its benchmark interest … including his pledge to start a trade war with China, and to force Mexico to pay for a border wall. He expects…
Credit Suisse names new heads of Asia and greater China investment banking
Credit Suisse has named new heads of greater China and Asia Pacific investment banking and capital markets as departing veteran deal-maker Mervyn Chow vacates the latter role. The Swiss bank said in a statement on…
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