China leverage rising at 'alarming pace': central bank official

SHANGHAI China's level of leverage is rising at an "alarming pace", particularly in the finance sector, a senior central bank official said in a commentary, amid growing concern by the country's senior leaders over financial security. The official Xinhua ... ( read original story ...)

RBI penalises HSBC, Kotak over violation FEMA

The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999. New Delhi: The Reserve Bank of ... ( read original story ...)

China Rapid Finance decreases proposed IPO deal size

China Rapid Finance, which operates an online marketplace in China for small peer-to-peer loans, lowered the proposed deal size for its upcoming IPO on Thursday. The Shanghai, China-based company now plans to raise $65 million by offering 10 million shares ... ( read original story ...)