Tag: finance

“We have seen credit in short supply near this year-end, partly thanks to a bigger demand from businesses when the macro economy is on a firmer footing,” said Zhao Yarui, a senior researcher at Bank of Communications in Shanghai. “The shortage in ... ( read original story ...)

On November 10, authorities unveiled new round of financial market liberalization rules to invigorate the finance sector and curb potential financial risks. Although authorities are still formalizing some aspects of the announcement, it is clear the reform ... ( read original story ...)

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)