Chinese authorities on Tuesday scrambled to dole out refunds to depositors caught in a rural banking scam that has led to more than 200 arrests and triggered concerns about the country's small lenders ... ( read original story ...)
China’s Property Slowdown Sends Bank Shares Tumbling
The selloff is the latest indication of the problems a slowdown in the property sector is having on the wider economy. ( read original story ...)
China to set up firewall between bankers, analysts in IPO deals -paper
China's securities association has drafted rules to set up a firewall between investment bankers and analysts in deals to ensure unbiased pricing of initial public offerings (IPOs), the official ... ( read original story ...)
Chinese Stocks Fall Ahead of Bank Earnings, Asian Markets Mixed
Investing.com-- Chinese stocks fell on Tuesday ahead of earnings reports from some of the biggest banks in the country, while most other Asian markets were mixed as concerns over a hawkish U.S. ( read original story ...)
Cango Inc. Reports Second Quarter 2022 Unaudited Financial Results
Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its unaudited financial results for the second quarter of 2022. Second ... ( read original story ...)
InnoCare Revs Up For Next Phase With Strong Results, IPO Plan
InnoCare (INCPF) will use 4 billion yuan from a Shanghai STAR Market IPO to boost production and accelerate product commercialization. Read more. ( read original story ...)
Agricultural Bank of China says property NPL ratio at 3.97% at end June
The Agricultural Bank of China said on Monday that its property non-performing loan ratio hit 3.97 per cent at the end of June.The comments were made by vice president of AgBank Zhang Xuguang at a ... ( read original story ...)