Category: FINANCE

ANZ Bank completed the sale of its stake in Shanghai Rural Commercial Bank Monday and announced plans for a Aus$1.5 billion (US$1.15 billion) share buyback with the funds. The lender agreed to offload its 20 percent holding in the company earlier this year ... ( read original story ...)

ANZ Banking Group will launch a $1.5 billion share buyback after selling its life insurance unit, its wealth business and a 20 per cent stake in Shanghai Rural Commercial Bank. The sale of the bank stake, first announced in January, was completed on Monday. ( read original story ...)

ANZ today announced it has completed the sale of its 20% stake in Shanghai Rural Commercial Bank (SRCB), originally announced in January 2017. As part of the Group's broader capital management plan, ANZ now intends to buy-back up to $1.5 billion of shares ... ( read original story ...)

rather than letting most of the savings stay in the property market," said Fang. "If we can achieve this, China’s economy will move up to a new level." Talks on the Shanghai-London stock connect scheme, which would allow investors on one bourse to invest ... ( read original story ...)

BEIJING (Reuters) - British finance minister Philip Hammond said that China and the United Kingdom have agreed to accelerate preparations for a London-Shanghai stock connect program. Hammond was speaking at a press conference in Beijing. In September ... ( read original story ...)

SHANGHAI, Dec 15 (Reuters) - China's banking regulator has tightened rules for consumer finance firms, which have grown making small-scale loans to individuals and small companies, the business daily Securities Times newspaper said on Friday. The move is ... ( read original story ...)

SHANGHAI, Dec 14 (Reuters) - China's central bank raised money market interest rates on Thursday hours after the Federal Reserve increased U.S. rates. The People's Bank of China has moved to a slight tightening bias this year following six benchmark ... ( read original story ...)