China's central bank said on Monday it will make interbank repo rates by depository institutions (DR) a key reference for monetary policy adjustment and financial market price-setting. ( read original story ...)
UPDATE 1-China central bank says it will improve benchmark interest rate system
Improving China’s benchmark interest rate system would help build up financial markets, deepen market-based interest rate reforms and improve monetary policy management, the People’s Bank of China ... ( read original story ...)
Bank of Communications net profit down 14.6% in H1
Bank of Communications, one of China's largest commercial banks, posted a year-on-year net profit decline of 14.61 percent in the first half of 2020 (H1) as the COVID-19 epidemic resulted in more bad ... ( read original story ...)
Japan’s Daiwa gets green light for investment banking in China
Japanese brokerage house Daiwa Securities Group said on Monday that it has received the green light for its plan to launch a majority-owned joint venture in Beijing, a move that indicates Japanese ... ( read original story ...)
BlackRock Wins Regulatory Approval to Start a Mutual-Fund Business in China; Target Price $630
BlackRock, the world’s largest investment management firm, received an approval to set up a wholly-owned mutual fund unit in the world’s second-largest economy, making it the one of the first global ... ( read original story ...)
Shanghai copper posts longest monthly winning streak in 11 years
Shanghai copper prices posted their fifth straight month of gains on Monday, the longest winning streak in 11 years, as the coronavirus-hit Chinese economy rebounded. Strong construction and ... ( read original story ...)
Hovel Services’s Net Profit Achieved Significantly Growth of 600% in 1H2020
UTC+8 Hovel Services's Net Profit Achieved Significantly Growth of 600% in 1H2020 Hovel Services Group Co. Limited (Stock Code: 6093), announced its interim results for the 6 months ended 30 June 2020 ... ( read original story ...)