Fosun has been the posterchild for China’s decade-long outbound push … and shore-up the weakening yuan which fell to eight-year lows in December. Guo and Chief Financial Officer Robin Wang reassured investors regarding the impact…
Tagged By financials
A top exec at the China dairy company whose stock tanked 85% in minutes has gone incommunicado
China Huishan Dairy Holdings Co.’s Hong Kong-listed shares … The company said shares would remain suspended until it got an update on its financial position. ( read original story …)
China Spotlight: New Co-investment Structure Offers Potential Opportunity for MNCs
This new-style investment structure could help MNCs operating in China to pursue their strategic and business goals, and potentially gain asset appreciation,” Mr. DeWoskin says. George Warnock The ability to leverage these financial investment structures…
China facing heightened financial risks from property downturn: Moody's
BEIJING: Moody’s Investors Service warned on Wednesday that the financial risks facing China from a potential property downturn have grown as record lending has made banks more risk-prone while the government is less able to…
Profits near flat at two of China's Big Five banks, pressures persist
SHANGHAI Two of China’s ‘Big Five’ lenders, Bank of Communications (BoCom) and Agricultural Bank of China (AgBank), reported modest annual profit growth on Tuesday, as they battled operating pressures and the narrowest net interest margins…
China’s growing corporate-bank nexus is toxic mix
HONG KONG (Reuters Breakingviews) – The ever-closer relationship between Chinese companies and banks can be a toxic mix. A growing number of companies in the People’s Republic are buying into local lenders that need to…
China’s PBOC ‘persuades’ Shanghai banks to slow monthly mortgage growth
Banks in Shanghai are slowing mortgage loan growth amid the tighter stance by the People’s Bank of China to keep deleveraging the housing market, industry sources said. Lenders in the most populous mainland cities are…
China's New Cash Crunch Reminiscent Of Liquidity Stop In 2013
China’s money markets have experienced tightened liquidity on higher money market rates, reminiscent of the central bank-engineered liquidity crunch of 2013, and likely designed to rein in excessive short-term borrowing in the financial sector. (…
BoCom results improve despite bank being ‘under great pressure’
Bank of Communications, China’s fifth largest commercial bank, posted full year net profits for 2016 which were 1 per cent higher than the same period last year, beating analysts’ expectations. The bank posted net profits…
Putting All Our Eggs in China's Basket Came at a Cost, UBS Says
UBS Group AG, which built an Asian investment-banking powerhouse around the strength of its China business, is finding that excessive reliance on one single market can be a bad thing. Sam Kendall, who was promoted…
China Bank arranges P4-B loan for CebuPac
MANILA, Philippines – China Banking Corp. is now one of the biggest local players in aviation financing after arranging a P4 billion loan facility for Cebu Air Inc. (Cebu Pacific) to bankroll its fleet expansion…
China's central bank skips open market operations
BEIJING, March 29 (Xinhua) — China’s central bank on Wednesday skipped the open market operations of reverse repos, siphoning liquidity from the market. This was the fourth consecutive business day that the People’s Bank of…
China promises better financial support for manufacturing upgrade
BEIJING, March 28 (Xinhua) — Chinese authorities on Tuesday promised “multi-pronged financial support” for the manufacturing sector as the government looks to shift the country away from low-end manufacturing to more value-added production. In a…
