Those reforms focused largely on so-called shadow banking, which before the clampdown saw lenders ... While the so-called A-share market of Shanghai and Shenzhen-listed stocks has roared back this ... ( read original story ...)
China Names Chen Siqing to Head World’s Largest Bank
Chen, born in 1960, joined Bank of China in 1990 and became its chairman in 2017. Sina.com had earlier reported Chen’s appointment. (Updates with shares in fifth paragraph.) To contact Bloomberg News ... ( read original story ...)
China’s central bank suggests it will stem flood of money into economy
The flood of money, enabled by the central bank, has resulted in a pickup in economic activity – as shown in leading economic indicators, such as construction equipment sales – and boosted stock and ... ( read original story ...)
Shanghai stocks gain ahead of 1st-quarter GDP data, fading concerns over liquidity
Ping An Bank rallied 6.5 per cent to 14.58 yuan and Shanghai Pudong Development Bank added 4.2 per cent to 11.95 yuan. In Hong Kong, the Hang Seng Index rose 319.15 points to 30,129.87. The Hang Seng ... ( read original story ...)
US boon for bank in surge
Shanghai Commercial Bank reported its profit after tax rose 17.1 percent to HK$2.85 billion in 2018, mainly attributable to higher net interest income - especially at its US branches - and the ... ( read original story ...)
Brazil to receive $621m investment from BRICS bank
A logo of New Development Bank in Shanghai, China, file photo. [Photo/IC] RIO DE JANEIRO - Brazil will receive an investment of $621 million from the New Development Bank (NDB), the Institute for ... ( read original story ...)
China’s Central Bank Just Stuck It To The Bears
Shanghai and Shenzhen indexes are up over 35% year-to-date, despite the recent reversal. So why is the People's Bank of China (PBOC) pumping money into the market like a drunken sailor? Although it is ... ( read original story ...)