Of course, concerns about debt and the financial system are not unique to China. In Italy, for example, many banks found themselves saddled with non-performing loans (bad debt), and some small banks faced restructuring. New…
Tagged By financials
‘Chinese Dragons’ Overtake U.S. in Financial Tech Investment
China has unseated North America as the global investment leader in financial technology, or “fintech,” according to Citigroup’s (c) latest report on “digital disruption.” The researchers attribute the power shift to the rise of what…
China Rapid Finance Named a Finalist for LendIt “Innovator of the Year” Award
China Rapid Finance Limited (“CRF” or “the company”), China’s largest consumer lending marketplace in terms of number of loans facilitated, was named a finalist for “Innovator of the Year” honor at the first annual LendIt…
China central bank's temporary liquidity support a new tool, sends neutral policy signal – paper
SHANGHAI A move by China’s central bank to provide temporary liquidity support marks the creation of a new policy tool designed to ease seasonal cash shortages, while sending the signal that monetary policy remains stable…
China’s central bank ‘playing dangerous game’ to prop up yuan
The country’s forex reserves have shrunk by almost a US$1 trillion since June 2014 as the central bank has sought to prevent a large fall in the yuan against the US dollar. Zhang call’s for…
Global investment banking revenue drops to lowest since 2012
Beijing-based Oceanwide pledged US$3.8 billion to take control of US insurer Genworth Financial in 2016. The 2016 global investment banking revenue rankings was led by JPMorgan, which topped the table with an 8 per cent…
China's property, financial sectors' growth slower in Q4 despite uptick in services
BEIJING Growth in China’s real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau…
Philippine officials to visit Beijing to discuss investment deals, ASEAN summit
according to a statement from the Department of Finance on Sunday. The visit occurs three months after Duterte visited Beijing to pave the way for what he called a new commercial alliance. He has increased…
China's property, financial sectors' growth slower in fourth quarter despite uptick in services
BEIJING Growth in China’s real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau…
China money rates fall after central bank liquidity support, yuan flat
SHANGHAI China’s primary money rates fell on Friday, but remained elevated, after the central bank provided banks with liquidity support, to help avert a cash crunch before the Lunar New Year. The People’s Bank of…
China’s fintech industry shows where the rest of the world is heading
No notes are counted out, no coins bounce and clatter into cash registers, no-one queues at the bank. “The country leads the world when it comes to total users and market size,” observed a McKinsey…
China offers temporary funding to major banks
A woman walks past the headquarters of the People’s Bank of China in Beijing. Commercial banks had 11tn yuan ($1.6tn) of sovereign and financial bonds outstanding as of December, a former PBoC official said yesterday.…
China 'cuts reserve ratios for five big banks temporarily'
The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) for the banks by one percentage point, taking the ratio down to 16 per cent. It will restore their RRR to the…
ADVERTISEMENT
