Le Maire, who visits Beijing and Shanghai this week, will discuss ways to give French ... China earlier this month unveiled a set of financial reforms during a trip by U.S. President Donald Trump to Beijing, while Le Maire’s trip comes ahead of a visit ... ( read original story ...)
China approves five IPO applications
BEIJING, Dec. 2 (Xinhua) -- Chinese securities regulator has approved five IPO applications this week, which will raise up to 3.7 billion yuan (about 559 million U.S. dollars) in the A-share market. Two companies will be listed on the Shanghai Stock ... ( read original story ...)
Regulator fines China Minsheng Banking $4.2 mln for fake wealth product sales
SHANGHAI, Dec 1 (Reuters) - China's banking regulator has fined a Beijing branch of China Minsheng Banking Corp 27.5 million yuan ($4.16 million) for selling fake wealth management products, according to a notice posted on its official website on Thursday. ( read original story ...)
Regulator fines China Minsheng Banking $4.2 million for fake wealth product sales
SHANGHAI (Reuters) - China’s banking regulator has fined a Beijing branch of China Minsheng Banking Corp (1988.HK) 27.5 million yuan ($4.16 million) for selling fake wealth management products, according to a notice posted on its official website on ... ( read original story ...)
Minsheng Bank Fined Record $4 Mln for Wealth Management Fraud
In 2012, Huaxia Bank, a midsize commercial bank, blamed an employee at a Shanghai branch for selling unauthorized wealth management products, causing dozens of depositors to lose millions of yuan. The bank eventually reimbursed customers after initially ... ( read original story ...)
Shanghai nickel tumbles on doubts over steel demand
SYDNEY, Nov 28 (Reuters) - Shanghai nickel futures tumbled more than 2 percent in early trade on Tuesday as reforms in China threaten steel-intensive infrastructure projects. ANZ Bank warned that weakness in the stainless steel sector continues to override ... ( read original story ...)
China Development Bank takes RCom to NCLT: Will Anil Ambani-led telco go the Essar Steel way?
China Development Bank (CDB) filed an insolvency petition on 24 November ... generator (BTG) packages from Shanghai Electric for coal-based power plants. The company claimed at that time that it was the world's largest such order. The equipment ordered ... ( read original story ...)