SHANGHAI Feb 21 The Shanghai branch of China's banking regulator has launched an inspection of the inter-bank lending business of small- and medium-sized financial institutions in the city, two sources with direct knowledge of the matter said. The aim of ... ( read original story ...)
China's Ant to invest $200 mln in Korea's Kakao Pay amid global push
SHANGHAI (Reuters) - China's Ant Financial will invest $200 million in Kakao Pay, the mobile payment subsidiary of South Korean messaging platform giant Kakao Corp, extending a major push by the Chinese firm to create a global network of financial assets. ( read original story ...)
Guangdong banking regulator widens core debt for lenders to ease burden – sources
SHANGHAI Feb 21 China's banking regulator is allowing banks in the southern Chinese province of Guangdong to count negotiable certificates of deposit with a tenor of more than 90 days as part of their minimum regulatory capital requirement, three sources ... ( read original story ...)
Panic Over China Is So Last Year, With Market Swings Subsiding
The Shanghai stock market isn’t swinging so wildly any more. The interest of China’s dominant retail investors hasn’t returned since the crash in 2015, and more funds are entering Hong Kong shares through a connect program, propelling the local ... ( read original story ...)
China greenlights 12 IPOs
Six firms will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board and four on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm the IPO dates after discussing with the stock ... ( read original story ...)
China's Bitcoin Drama Isn't A Financial Meltdown
the total market was valued at over $10 trillion and the Shanghai Stock Exchange made up $5.9 trillion of that sum. In just two weeks, it lost 30% of its value. The losses were enormous and affected investors large and small, resulting in financial panic ... ( read original story ...)
China relaxes trading rules on stock index futures
SHANGHAI/BEIJING China's securities regulator said late on Thursday it will relax certain rules on stock index futures trading as the government starts to gradually unwind restrictions imposed during the 2015 stock market crash. Starting on Friday ... ( read original story ...)