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domestic banks
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China to Revoke Banks' Private Fund Management Qualifications
Dec 24, 2015China's banking regulator is reportedly to revoke the fund management qualifications of 17 domestic banks. It's understood the regulator has issued informal guidance to banks, warning them that their registrations will be removed. The ...
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China Has Issued an Emergency Decree Ordering to Halt The Cement Development
Aug 15, 2014China has issued an emergency decree ordering officials to halt the development of new cement and plate glass capacity, as it struggles to overcome entrenched local government resistance to halting wasteful investment in glutted industries. ...
Tags: Cement, Glass, plate glass
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China's Independent Teapot Refineries in Shandong Province Expanded Their Capacities
Nov 5, 2013China's independent teapot refineries in eastern Shandong province have significantly expanded their capacities in the last few years ahead of an end-2013 deadline set by the government to eliminate smaller plants. In an effort to cool ...
Tags: Teapot, Fuel Oil, Refineries
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China Is Willing to Allow Australian Banks Greater Access to Chinese Financial Market
Jul 20, 2013The Australian financial services sector could be a major beneficiary if the Labor government is able to finalise the long-awaited free trade agreement with China. Analysts in Beijing believe China would be willing to allow Australian ...
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ASX Stepped up Pressure on Would-Be Competitor LCH Clearnet
May 2, 2013The Australian Securities Exchange has stepped up pressure on would-be competitor LCH Clearnet in the emerging market for interest-rate derivatives clearing, signing up investment groups and state treasuries to help develop a service for ...
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FSC Decreed Yesterday Permitting Designated Banking Units
Dec 17, 2012Taipei, Dec. 14, 2012 (CENS)--The Financial Supervisory Commission (FSC) decreed yesterday (Dec. 13) permitting designated banking units (DBUs) to undertake renminbi-related businesses. Following the launch of cross-Taiwan Strait currency ...
Tags: Renminbi Related Businesses, currency, FSC, bank
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The CBC Will Strive to Obtain Renminbi-Business Quota Higher
Dec 14, 2012With the cross-Taiwan Strait currency clearance mechanism ready for launch, Perng Fai-nan, governor of the Central Bank of China (CBC), said yesterday (Dec. 12) that the CBC will strive to obtain renminbi-business quota higher than Hong ...
Tags: Taiwan, better treatment, Renminbi business
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The Calculation of Banks Qualified Capital Will Become Stricter
Dec 11, 2012Taipei,Oct.1,2012(CENS)--With the new international accounting criteria Basel III scheduled to hit the road next year,the calculation of banks qualified capital will become stricter.According to the initial investigation of the Financial ...
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The Global Financial Tsunami Has Shifted The Worlda's Financial Center
Dec 11, 2012Taipei,Oct.8,2012(CENS)--The global financial tsunami has shifted the worlda's financial center from Europe and the United States to Asia,hence motivating the Taiwanese government to encourage Taiwanese banks to explore the Asian market,as ...
Tags: Taipei, the global financial tsunami, Financial Supervisory Commission
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Reserve Bank of India Released Q2 Review of Monetary Policy 2012-13
Dec 4, 2012Reserve Bank of India released second Quarter Review of Monetary Policy 2012-13 and leaves Repo Rate and Reverse Repo Rate unchanged at 8% and 7% respectively while reducing the Cash Reserve Ratio (CRR) by 25 basis points with an intension ...
Tags: TEA, RBI, Monetary Policy 2012-13, garment exporting sector
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Yuen Foong Yu Paper's Plan to Issue Renminbi-Denominated Bond at OBU
Dec 3, 2012The policy of the Financial Supervisory Commission(FSC)encouraging domestic enterprises to float renminbi-denominated bonds at the offshore banking units(OBU)of domestic banks may come to a halt,due to disagreement of the Ministry of ...
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Pretax Profits of Taiwan's 38 Domestic Banks Totaled NT$196.1 Billion
Nov 28, 2012Taipei, Nov. 5, 2012 (CENS)--Pretax profits of Taiwan's 38 domestic banks totaled NT$196.1 billion (US$6.54 billion) in the first nine months for a sharp annual growth of 17.5% and are expected to exceed last year's NT$200 billion (US$6.67 ...
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Taiwan's Domestic Banks Held Deposits of NT$28.05 Trillion
Nov 27, 2012Taipei, Nov. 20, 2012 (CENS)--Taiwan’s domestic banks held deposits of NT$28.05 trillion (US$935 billion) as of the end of August, up 5.8% year on year, with term deposits accounting for NT$12.72 trillion (US$424 billion) or 45%, ...
Tags: domestic bank, Financial Supervisory Commission, deposit
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OBUs and Overseas Branches Are Expected to Contribute Over 30% of Domestic Banks' Profits
Nov 26, 2012Taipei, Nov. 19, 2012 (CENS)--The offshore banking units (OBUs) and overseas branches of domestic banks are expected to contribute over 30% of domestic banks’ profits this year, a new high in the wake of the global financial tsunami. ...
Tags: Taipei, overseas business, Taiwan business, FSC
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Domestic Banks Will Be Able to Inaugurate Renminbi-Related Businesses
Oct 30, 2012Taipei, Oct. 30, 2012 (CENS)--With the memorandum for cooperation in cross-Taiwan Strait currency clearance having taken effect, domestic banks will be able to inaugurate renminbi-related businesses following the designation of renminbi ...
Tags: CBC, Central Bank of China, People's Bank of China, domestic banks
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