Tag: banking

The China Banking Regulatory Commission said Shanghai Pudong Development Bank’s Chengdu branch – which had long claimed to have “zero” non-performing loans – falsified loan applications and granted other unapproved funds to cover up its pile of ... ( read original story ...)

Hong Kong ended 2017 placing third in the global IPO race. That’s the first time in three years that the city lost its coveted fundraising top spot to New York — and the first time ever to fall behind Shanghai. But early forecasts suggest it may ... ( read original story ...)

Now, two months later, we get a very bullish confirmation from China’s stock market (Shanghai Stock Exchange Index). This market wants to go higher, much higher, and it will do starting now, throughout 2018 and even beyond. China’s stock market chart ... ( read original story ...)

Shanghai Pudong Development Bank was fined $72 million for illegal lending activities, marking one of the stiffest penalties handed out so far in China’s crackdown on wrongdoing in its financial markets. The China Banking Regulatory Commission’s bureau ... ( read original story ...)

China's GDP, fixed-asset investment and industrial production numbers all beat expectations, restoring confidence in the strength of the world's second largest economy, and driving the Shanghai stock market index nearly 1% higher overnight. Europe's ... ( read original story ...)

compared with a valuation multiple of 14.6 times for the 51-stock Hang Seng Index. "Investors are inclined to invest in shares with lower valuations when the market is on a rising trend," said Linus Yip, chief strategist at First Shanghai Securities in ... ( read original story ...)

SHANGHAI: China stocks climbed on Thursday to end at two-year highs, underpinned by robust gains in banking and infrastructure firms. Share markets closed just as Chinawas announcing that it had annual economic growth of 6.8 per cent in October-December. ( read original story ...)