Traders told Reuters that the central bank will roll over the TMLF on Friday. Markets widely expect the People's Bank of China (PBOC) to lower the interest rate on the TMLF loans. A PBOC statement is ... ( read original story ...)
Ping An Consumer Finance Launches, Expanding Footprint in Financial Services Sector
HONG KONG and SHANGHAI, April 23, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter 'Ping An' or the 'Group', ... ( read original story ...)
China’s PBOC Shanghai branch pledges to ban illicit funding of property purchases
The Shanghai branch of China's central bank on Thursday said it will strictly ban illicit funding of real estate purchases via property-backed consumer or business loans, while continuing to step up ... ( read original story ...)
Megvii is thinking of listing on China’s NASDAQ
Chinese facial recognition firm Megvii is reportedly considering a listing on Shanghai’s Nasdaq-like Star Market in order to make the most of favorable policies at home. Why it matters: Megvii was ... ( read original story ...)
BRIEF-Jiangsu Jibeier Pharmaceutical Issues Prospectus For Its Shanghai Star Market IPO
SAYS IT ISSUES PROSPECTUS FOR ITS INITIAL SHARE PUBLIC OFFERING IN SHANGHAI STAR MARKET Source text in Chinese: bit.ly/3eIXxFJ (Reporting by Hong Kong newsroom) Our Standards:The Thomson Reuters Trust ... ( read original story ...)
China Stock Market May Test Support At 2,800 Points
(RTTNews) - The China stock market on Tuesday ended the three-day winning streak in which it had climbed more than 40 points or 1.4 percent. The Shanghai Composite Index now rests just above the 2,825 ... ( read original story ...)
Asian stocks fall further amid oil market turmoil
Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic's mounting ... ( read original story ...)