SHANGHAI (Reuters) - China’s banking regulator is carrying out nationwide inspections on financial institutions such as trusts to check on their shadow banking and interbank activities, the China Securities Journal reported on Wednesday citing industry ... ( read original story ...)
China $10 Trillion Shadow Bank Crackdown Has Long Way to Go
Banking shares slumped on Tuesday. Industrial & Commercial Bank of China Ltd. lost 2.3 percent as of the 11:30 a.m. break in Shanghai, set for the biggest drop in more than a month, while China Merchants Bank Co. paced declines in Hong Kong with a 1.5 ... ( read original story ...)
New Development Bank eyes bond connect scheme for 5 billion yuan debt sale
“Bond connect is a perfect way to achieve one of our objectives – to broaden and deepen the investor base for us,” he told reporters on the sidelines of the bank’s annual meeting in Shanghai on Monday. The bond issuance, which follows the NDB’s 3 ... ( read original story ...)
China securities regulator vows financial stability ahead of MSCI entry
SHANGHAI (Reuters) - A senior Chinese securities regulator vowed to maintain financial stability and prevent asset price bubbles as the country accelerates the opening-up of its financial markets to foreign investors. The comments by Fang Xinghai ... ( read original story ...)
China shares lower at close of trade; Shanghai Composite down 0.40%
Declining stocks outnumbered rising ones by 897 to 435 and 46 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.14% to 21.42. In commodities trading ... ( read original story ...)
Tongji University, Timeasset Financial establish first Robo-Advisor Lab in China
2018 /PRNewswire/ -- The Chinese Academy of Science and Technology Management (CASTM), Tongji University and Shanghai Timeasset Financial Information Service Co., Ltd. ("Timeasset Financial") established the Tongji University Robo-Advisor Lab on May 23 ... ( read original story ...)
Bank of Shanghai issues China’s first Blockchain-based LC
(ECNS) - Bank of Shanghai and China Construction Bank signed an agreement to launch China's first blockchain-based Letter of Credit on Tuesday. Bank of Shanghai also entered a strategic cooperation arrangement with Jiangsu HopeRun Software, a leading IT ... ( read original story ...)