according to the People's Bank of China Shanghai Head Office. The balance of foreign currency loans was 95.1 billion U.S. dollars at the end of June, up by 11 percent year on year. New RMB loans hit ... ( read original story ...)
China’s Tomorrow Holdings questions regulator’s takeover of its financial institutions
Chinese conglomerate Tomorrow Holdings Co Ltd on Saturday questioned top regulators’ latest move to take over its financial assets. The statement, published on the company’s official WeChat account on ... ( read original story ...)
Cathay General names COO Chang Liu as its new CEO
The bank has 61 branches in nine states in the U.S., including branches in Chicago and New York City. It also has one branch in Hong Kong and representative offices in Beijing, Shanghai and Taipei, ... ( read original story ...)
China seizes financial firms linked to conglomerate
Chinese regulators on Friday seized control of a group of financial institutions with connections to the same holding company, in a crackdown by authorities seeking to stem systemic financial risks in ... ( read original story ...)
Shanghai stocks set for worst week in 15 months on policy worries, foreign selling
The CSI300 index was down 0.3% at 4,502.13 points at the end of the morning session, while the Shanghai Composite Index lost 0.5%, to 3,193.82 points. ( read original story ...)
Shanghai’s STAR market brings in new dawn for Chinese tech
SHANGHAI -- Pan Jianwei ... version of the U.S. Nasdaq exchange -- has bolstered a broader reform of Chinese financial markets, Pang said, calling it a "replicable success" for other mainland ... ( read original story ...)
Bank of America, Morgan Stanley Deliver Mixed Picture, With Trading Results, Net Interest In Focus
Market Open) If you crave a full menu of data and earnings, today's the banquet you've been waiting for.Morgan Stanley (NYSE: MS) and Bank of America Corp. (NYSE: BAC) rounded out the big bank results ... ( read original story ...)