Finance


Shares slide as trade talks weigh

SHANGHAI stocks closed 0.36 percent down at 2,535.10 points yesterday, dragged down by shares in brokerages and home appliance companies despite early morning gains. Turnover was 132.7 billion yuan (US$19.5 ...

January 11, 2019, Friday


PBOC steps in to drain more liquidity

China’s central bank drained liquidity from the financial system yesterday, with more reverse repos maturing than conducted....

January 3, 2019, Thursday


6 lenders fall foul of regulators

China’s banking and insurance regulator recently fined commercial banks over multiple violations, including improper practices in wealth management....

December 10, 2018, Monday


Contraction in shadow banking set to continue

CHINA’S broad shadow banking assets contracted by 3.6 trillion yuan (US$520 billion) to 62.1 trillion in the first three quarters of 2018, according to a report by Moody’s Investors Service....

December 5, 2018, Wednesday


Bank moves operations to Ireland

Bank of America has finished moving its banking and markets operations in Europe to a new base in Dublin from London....

December 4, 2018, Tuesday


Regulation change you can bank on

THE China Banking and Insurance Regulatory Commission has unveiled a draft instrument on the regulation of foreign banks to solicit public opinions....

November 30, 2018, Friday


Financial holding companies overhaul

Senior managers of China’s financial firms have called for stricter supervision of financial holding companies....

November 27, 2018, Tuesday


Allianz, Chiyu will set up local branches

China has given the go-ahead for two more overseas financial institutions to set up local subsidiaries....

November 26, 2018, Monday


China to build its first cruise liner

Waigaoqiao Shipbuilding Co is to build the nation’s first cruise liner following an agreement between parent company China State Shipbuilding Corp, US-based Carnival Corp and Italian shipbuilder Fincantieri. ...

November 19, 2018, Monday


No sign of Singles Day fatigue as sales top US$30b

The 10th anniversary of Singles Day was celebrated with a bang yesterday on Alibaba’s Tmall site and other e-commerce platforms, showing once again that consumer spending in China remains a juggernaut...

November 12, 2018, Monday




 

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