The China Banking Regulatory Commission has revoked the private fund-manager licenses of 17 commercial banks. Media reports say the specific reason could be they had violated certain conditions under the Law on Commercial Banks, which ...
Tags: Fund-manager, Licenses
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
China's central bank has reportedly surveyed banks on the possibility and potential impact of removing its benchmark deposit and lending rates. It's being reported that China's central bank recently surveyed banks on the possibility ...
Throughout 2015, the world has watched with great interest the development of China-U.S. relations, as many believe almost every interaction between the world's top two economies has a bearing on all major global issues. Here are some ...
Tags: China-U.S.Relations
Listed lenders from China may see zero or negligible profit growth next year, with some likely to incur marginal losses, a new report said on Monday. The nonperforming loans ratio, which measures bad loans as a percentage of total loans, ...
Tags: Uneasy Outlook, loans ratio
2016 is looking to be the year of soybeans. Chris Hurt, Purdue University agricultural economist, is predicting corn acreage to be 1.5% to 2% lower and soybean acreage to be around 2% higher for the Midwest’s 2016 growing season. With ...
India-based United Breweries Group is seeking a buyer for its residual 4% stake in United Spirits worth Rs 22bn ($331m) to repay its loans. The development may also see its chairman Vijay Mallya quit his position in United Spirits by ...
Tags: UB Group, United Spirits
Alaskan legislators on Wednesday approved the state's buyout of TransCanada's interest in the Alaska LNG Project. The state House of Representatives voted Wednesday to approve funds for the acquisition, which was proposed by Governor Bill ...
Tags: Alaska LNG, TransCanada, oil revenues
A guideline for China's Internet finance drafted by the central bank and other financial regulators will soon be released, said a central bank official on Sunday at a Shanghai forum. The guideline seeks to "promote the healthy development ...
Spireon, a portfolio company of Bertram Capital, has announced the acquisition of privately held Inilex, a leader in next-generation GPS recovery software solutions. Their main product, Skylink, enables new car dealers to significantly ...
The overseas investment returns of the nation's sovereign wealth fund sank last year amid a fragile world economy and soft commodity prices, according to figures released on Friday. China Investment Corp said that net annual returns on ...
More steps necessary to reverse trend, says government think tank China may need more time to reverse the current economic downturn than previously expected, and further measures are necessary to prevent an accelerated cooling, a leading ...
Tags: economic downturn, China economy
Move is precursor to further liberalization of interest rate system An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more ...
Tags: Bank Deposit, Deposit Insurance
China's cooling growth prospects are expected to shift the economic agenda away from the eurozone, although Greece remains firmly in the spotlight because of its precarious funding outlook. China is expected to provide further hints of ...
Tags: economy growth, economic reforms
Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...