Finance


SPDB branch in Chengdu fined US$72m

China’s top banking regulator has fined a Chengdu branch of Shanghai Pudong Development Bank 462 million yuan (US$72.19 million) for offering huge credit to bogus firms, as part of the country’s latest...

January 22, 2018, Monday


Shanghai shares hit 2-year high, HK at new record

Shanghai shares rose to a two-year high yesterday when Hong Kong stocks climbed to a fresh record as investors tracked another milestone on Wall Street, but Asia-wide markets struggled to keep up the recent...

January 19, 2018, Friday


China cuts US debt holdings

China cuts its holdings of US Treasury securities in November, after adding US$8.4 billion in October....

January 19, 2018, Friday


PPDai to invest in research institute

PPDai, China’s first online P2P (peer-to-peer) lending platform listed in the US market, said yesterday that it will invest 1 billion yuan (US$156 million) within three years to set up ...

January 19, 2018, Friday


Cross-border capital flow seen balanced

China saw more balanced cross-border capital flow in 2017 as willingness to purchase the greenback waned thanks to rising confidence in the yuan and the domestic economy. Chinese banks’ net forex settlement ...

January 19, 2018, Friday


Foreign banks see assets gain 13% in 2017

The assets of foreign banks in Shanghai saw year-on-year growth of 13 percent in 2017, while their bad-loan ratio stood below the industry’s average, the banking regulator said yesterday....

January 18, 2018, Thursday


Wall Street on a roll since Trump elected president

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever....

January 18, 2018, Thursday


Shanghai stocks hit new high as HK breaks record

HONG Kong stocks hit an all-time high yesterday, breaking a record that had been in place for more than 10 years, while the Shanghai Composite Index ended higher for a second day, refreshing a two-month ...

January 18, 2018, Thursday


Germany adds yuan to reserves

Germany’s central bank has said it will include the Chinese yuan in its reserves, giving another boost to China’s drive to internationalize the currency....

January 17, 2018, Wednesday


ODI falls but rational sentiment wins

China’s non-financial outbound direct investment dropped nearly 30 percent in 2017 from a year ago but the decline signaled a ...

January 17, 2018, Wednesday




 

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