BEIJING (Reuters) – China has launched probes into consumer loans that are being misused for home purchases, warning they cannot be used to “fuel property bubbles”, a senior banking official said on Friday. “An important…
Tagged By financials
Woman accused of burning down South China home over financial dispute with husband
After arguing about finances, Rebecca Poulin allegedly told her husband that if she no longer could stay in their home, neither could he. Now Poulin is accused of setting the fire that destroyed her family’s…
China Research on Financial Leasing Industry – Market Analysis, Trends, Demand and Forecast 2015-2020
The report is helpful source of guidance for Financial Leasing Market players, new entrants, and investors to gain leadership status, turn investments into meaningful outcomes, and make an international mark. Key segments are analyzed extensively…
Philippines taps Bank of China for panda bonds
An elderly man walks past the People’s Bank of China in Beijing on August 12, 2015. China cut the yuan’s value against the US dollar for the second consecutive day on August 12, roiling global…
UPDATE 1-China says consumer loans can’t be used to “fuel property bubble”, launches probes
Overlending to unqualified home buyers ‘important lesson’ from U.S. subprime mortgage crisis -senior banking official (Adds details) BEIJING, Sept 29 (Reuters) – China has launched probes into consumer loans that are being misused for home…
China’s Uber-Rich Prompt Haitong to Build Hong Kong Private Bank
Haitong International Securities Group Ltd., a unit of China’s second-largest brokerage, plans to add about 100 jobs in Hong Kong as it seeks to draw more of the nation’s growing ranks of multi-millionaires to its…
China’s debt mountain: The uphill march ahead
China’s sizeable debt continues to be a major bugbear for the investment community. Lack of clear and definite policy action to address this issue have triggered fears of a potential banking crisis. While such worries…
Chinese central bank drains liquidity from market
China’s central bank drained liquidity from the financial system as it suspended open market operations Friday due to a fiscal spending increase. As rising fiscal spending near the end of month has offset maturing reverse…
MICROCAPITAL BRIEF: Peer-to-peer Lender HuaXia Finance of China Launches Escrow Services with Ping An Bank
HuaXia Finance, an online peer-to-peer lender in China, recently began holding customer funds at Ping An Bank, a Chinese bank, under a “formal online banking depository management system” in order to comply with tightened requirements…
What China Ban? Cryptocurrency Market Cap Rebounding
China’s central bank banned ICOs on Sept. 4 and later banned all bitcoin exchanges from operating in the country. China’s ban is likely temporary. The U.S. and Japan are quickly moving to create rules that…
PH, China thresh out $200-m bPanda bonds
Dominguez said in a statement the government was in talks with the Chinese central bank (People’s Bank of China) and the Bank of China. “The Panda bond market is regulated by China’s central bank, PBOC.…
China Life’s Revenues Grow on Premiums, Higher Costs Hurt
The recent interest rate hikes have aided China Life along with other companies like The Hartford Financial Services Group, Inc HIG, CNO Financial Group, Inc CNO, Renaissance Holdings, Inc RNR by boosting their investment results.…
Beijing-backed bank to invest in IFC fund
BEIJING, Sept. 28 (Xinhua) — The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)’s Emerging Asia Fund to address the infrastructure gap in…
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