China carries out spot checks on shadow banking – CSJ

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 ...)

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 ...)