Lujiazui, a financial hub in Shanghai's Pudong New Area, contributes a great deal to the gathering of financial talents in Pudong. [Photo/IC] Shanghai's Pudong New Area has maintained his lofty position as the city's leading financial hub for professionals ... ( read original story ...)
UPDATE 1-China to scrap intermediate category for banks' capital adequacy – sources
SHANGHAI, March 9 China's central bank plans to tighten capital adequacy requirements by scrapping an intermediate category while assessing some commercial banks during the current quarter, three sources with direct knowledge of the matter said on Thursday. ( read original story ...)
HSBC looks to grab market pie of MNC rivals
Mumbai: Hong Kong and Shanghai Banking Corporation (HSBC) is preparing to wrest market share in India as its multi-national rivals shrink into their home markets plagued by paucity of capital and weak risk appetite. The UK-based lender is banking on its ... ( read original story ...)
Midas touch: China's tech, financial firms eye virtual gold rush
BEIJING/SHANGHAI (Reuters) - China's virtual gifting market, typically the domain of plugged-in young consumers celebrating special occasions or flirting, is luring major financial institutions keen to boost trade of another auspicious commodity ... ( read original story ...)
China regulator asks banks to assess liquidity position, credit risks
SHANGHAI China's banking regulator has asked banks to inspect how they monitor their liquidity positions and how much credit risk they are carrying, according to a notice seen by Reuters. The move comes amid concern that many Chinese firms are struggling ... ( read original story ...)
BRIEF-Online part of Zhejiang Cheng Yi Pharmaceutical's Shanghai IPO oversubscribed
* Says online part of Shanghai IPO attracted interest amounting to 8911.31 times amount on offer Source text in Chinese: bit.ly/2mb7dQ1 (Reporting by Hong Kong newsroom) ( read original story ...)
China regulator asks banks to assess liquidity, credit risks: sources
SHANGHAI China's banking regulator asked joint-stock banks to carry out checks on liquidity risk monitoring and management and the basis of their credit risk, said three people with direct knowledge of the matter. The move comes after Premier Li Keqiang ... ( read original story ...)