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Category: FINANCE

Posted on 07/06/2019

China’s corruption watchdog investigates Gu Guoming, head of ICBC’s Shanghai branch

Photo: AFP The head of the Industrial and Commercial Bank of China’s Shanghai branch is under investigation for alleged serious violation of party discipline and infringement of criminal laws, the ... ( read original story ...)

Posted on 06/06/2019

China Steps Up Vigilance on Company Disclosures as Market Opens to World

(Bloomberg) -- China’s stock exchanges have stepped up scrutiny of listed companies to address corporate governance concern, amid a push to further open up the nation’s capital markets. The Shanghai ... ( read original story ...)

Posted on 06/06/2019

China central bank injects 500 bln yuan via one-year MLF, rates unchanged: statement

SHANGHAI (Reuters) - China's central bank on Thursday lent 500 billion yuan ($72.32 billion) to financial institutions via its one-year medium-term lending facility (MLF), keeping the interest rate ... ( read original story ...)

Posted on 05/06/2019

Chinese broker Huatai to launch London-Shanghai Connect with $500 mln offering

Under the Connect, Shanghai-listed companies can raise fresh funds via London's stock market while British companies can broaden their investor base by selling existing shares in Shanghai. Huatai, ... ( read original story ...)

Posted on 03/06/2019

US-China trade war impact on stock market is ‘controllable’, insists China’s securities watchdog chief

The benchmark Shanghai composite stock index lost nearly 6 per cent ... Commission head Guo Shuqing and a vice-minister of agriculture Han Jun. But China’s stock market remains weak as the benchmark ... ( read original story ...)

Posted on 02/06/2019

China central bank urges calm after Baoshang takeover

SHANGHAI (Reuters) - China’s central bank sought to calm investors on Sunday after last month’s takeover of Inner Mongolia-based Baoshang Bank, saying regulators are not planning any more such moves ... ( read original story ...)

Posted on 02/06/2019

Banking system liquidity ample after Baoshang Bank takeover: Chinese central bank

SHANGHAI (Reuters) - China's central bank said on Sunday that liquidity in the banking system is reasonably ample, and that it would use various monetary policy tools including medium-term facility ... ( read original story ...)

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