SHANGHAI (Reuters) - Chinese conglomerate HNA Group Co Ltd has cut its stake in Deutsche Bank AG to around 8.8 percent, the Financial Times reported on Friday. The British newspaper said HNA initially bought 9.9 percent of Deutsche Bank, but that filings ... ( read original story ...)
China central bank lends 393 billion yuan via MLF, rates unchanged
SHANGHAI (Reuters) - China’s central bank said on Tuesday it had injected 393 billion yuan ($62.13 billion) into the financial system via one-year medium-term lending facility (MLF) loans. Interest rates for the MLF loans were unchanged at 3.25 percent ... ( read original story ...)
China’s HNA Group trims stake in Deutsche Bank to around 8.8 percent
SHANGHAI/FRANKFURT (Reuters) - Chinese conglomerate HNA Group Co Ltd has cut its stake in Deutsche Bank AG to around 8.8 percent, but plans to remain a "significant" investor in the German lender, the asset management company that handles the stake said. ( read original story ...)
A New Waterline for Shanghai
Agence Ter: In Shanghai, over less than 30 years, the East bank of the Huangpu River has been transformed from a swamp landscape over an industrial area to a patchwork of different urban and commercial activities, cutting a fundamental link between the ... ( read original story ...)
Central bank researcher calls for ‘matrix structure’ to give super financial regulator teeth
Gary Liu Shengjun, researcher and president of the China Financial Reform Institute in Shanghai, said Xu’s proposal was intended to empower the committee, in which central bank officials are expected to play an important role. “By making ... ( read original story ...)
Dubai Islamic Bank & Zing Digital Commerce Sign Agreement for a Branchless Banking Service
... partner with ZING Digital Commerce who have developed a comprehensive Branchless Banking platform, in collaboration with its Chinese Technology Partner i.e. Shanghai F-Road. This alliance shall fulfill DIBP’s vision to offer quality financial ... ( read original story ...)
UPDATE 2-China c.bank releases nearly 2 trln yuan in temporary liquidity
"Seven-day money now crosses over the holiday, so it's reasonable for rates to be a bit higher," said a trader at a regional bank in Shanghai. The one-day or overnight rate stood at 2.5831 percent and the 14-day repo stood at 3.8751 percent. Key money ... ( read original story ...)