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
China's central bank has vowed to continue preferential financial policies to support Tibet for the next five years. The People's Bank of China promised more direct financing and financial bonds to facilitate small and medium enterprises ...
The central bank on Tuesday announced plans to introduce green bonds to allow financial institutions to raise funds for green projects. The People's Bank of China (PBOC) said the green bond will widen financing channels for projects in ...
Tags: Green Bond, Interbank Market
New stats are suggesting Chinese acquisitions in the Asia-Pacific region have helped push the value of annual deals past one trillion U.S. dollars for the first time. The same set of data also shows Chinese companies have spent a record ...
Tags: M&A, New Heights
China's stocks closed lower on Wednesday despite financial heavyweights performing strongly. Shanghai lost 0.43 percent to end at 3,636.09 points. The smaller Shenzhen index dipped 1.0 percent, or 131.26 points, to close at 13,007.87 ...
Tags: Shares, Financial Bluechips
China is to extend the trading hours of the interbank forex market by seven hours and allow more foreign entities into the market, according to a Wednesday statement by the People's Bank of China (PBOC). From Jan. 4, the closing time for ...
Tags: Extends Trading, Forex Market
The Chinese government is taking absolutely adequate measures to handle slowing economic growth and an increase of certain imbalances, a leading Russian expert has said, commenting on China's key economic meeting held last weekend. "What ...
The State Council announced Wednesday that it supported the development of direct financing to reduce production costs for enterprises. Through direct financing, enterprises can get funds from the capital market by issuing shares or ...
Tags: Direct Financing
China'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 ...
China's central bank says the country's foreign exchange market will extend trading hours by 7 hours starting from January 4th. Trading hours for the yuan in the Shanghai-based exchange will last till 11:30 pm local time. The People's ...
Tags: PBOC, Forex Trading
China's real estate sector showed signs of warming in November as new home prices rose on a monthly basis in an increasing number of cities, buoyed by government policies. Of 70 large and medium-sized cities surveyed in November, new home ...
pple and China UnionPay announced a partnership to bring the digital wallet of Apple Pay to China on Friday, cashing in on the popularity of such services in the country. China UnionPay cardholders will be able to link their bank cards to ...
China's securities regulator announced on Friday that it has registered the first batch of Mainland-Hong Kong Mutual Recognition of Funds (MRF). China Securities Regulatory Commission (CSRC) has registered three Hong Kong funds under the ...
Tags: Funds Registered, Mainland-HK
China's central bank offered a total of 100 billion yuan (15.4 billion U.S. dollars) in six-month medium-term lending facility (MLF) loans at 3.25 percent to 13 financial institutions on Friday. "The move is aimed at maintaining proper ...
Tags: Central Bank, Liquidity
China might introduce more easing policies in 2016 to consume unsold home inventories, a report by the Bank of Communications said, despite data from Friday showing signs of a warming market. The government could further lower the minimum ...