Tag: banking

SHANGHAI: Bank of China swung back into the black last year while China Construction Bank also joined the country’s state-owned lenders in posting a profit pick-up on the back of an accelerating domestic economy. Bank of China, the country’s main ... ( read original story ...)

Beijing announced the setting up of a financial court in Shanghai on Wednesday after a meeting of the Communist Party’s Leading Group for Comprehensively Deepening Reforms, which was chaired by President Xi Jinping. The announcement came as Wu Xiaohui ... ( read original story ...)

Hong Kong also faces rising competition from Shanghai. WuXi AppTec, the leading mainland biotech company that privatised in New York two years ago, has been given the green light to relist on the A-share market through an IPO in Shanghai, just seven weeks ... ( read original story ...)

Asia so far has lacked a financial instrument despite its position as the world’s biggest and fastest-growing oil consumer. Previous attempts to establish one have been made in Singapore, Japan and Dubai, but have not been widely taken up. Shanghai crude ... ( read original story ...)

BEIJING (Reuters) - Chinese President Xi Jinping and other top officials have approved new regulations for the country’s asset management sector, the establishment of a financial court in Shanghai and plans to deepen reform. The state news agency Xinhua ... ( read original story ...)

KARACHI: China’s Shanghai Electric Power Company has made a fresh announcement ... On the contrary, K-Electric continues to demand a higher tariff to have financial space to initiate some unannounced (need-based) projects in those seven years. ( read original story ...)

“Ant Financial’s golden days of taking advantage of easy money from the debt market probably won’t return anytime soon,” said Yang Junmin, an analyst at internet finance research firm Shanghai Yingxun Technology Co. in Shanghai. “The declining ... ( read original story ...)