A fee bonanza on China’s Nasdaq-style STAR Market, which is set to surge with Ant Group’s mega-listing, is passing Western banks by due to their limited local presence and worries about a unique ... ( read original story ...)
China Stock Market May Extend Its Gains On Tuesday
The China stock market has climbed higher in two straight sessions, gathering more than 40 points or 1.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,280-point ... ( read original story ...)
China c.bank injects 600 bln yuan of medium-term loans, rates unchanged
China's central bank on Tuesday injected 600 billion yuan ($88.13 billion) worth of medium-term loans into the banking system while keeping borrowing costs unchanged for the fifth straight month. ( read original story ...)
Senior HSBC mainland China banker defects to Bank of America
Former senior HSBC mainland China banker Zhang Wenjie has jumped to Bank of America as a managing director and president of China, helping the Charlotte, North Carolina-headquartered bank navigate the ... ( read original story ...)
UPDATE 1-China issues new rules to tighten control over financial holding firms
China has issued new rules to regulate financial holding companies, in its latest move to prevent systematic risks to the nation's vast financial sector. ( read original story ...)
China Stock Market May Tick Higher Again On Monday
(RTTNews) - The China stock market on Friday halted the two-day slide in which it had tumbled more than 80 points or 2.5 percent. The Shanghai Composite Index now sits just above the 3,260-point ... ( read original story ...)
China Issues New Rules to Tighten Control Over Financial Holding Firms
Jack Ma's Ant Financial, now renamed Ant Group, is seeking dual listings in Hong Kong and Shanghai. The regulation will take effect on November 1, 2020, and will give companies a one year grace ... ( read original story ...)