Company Overview and News
Stop missing out on important events!
SHANGHAI (Reuters) - China’s central bank said it will let some commercial banks temporarily keep fewer required reserves to help them cope with the heavy demand for cash ahead of the Lunar New Year holiday, a step that analysts say does not signal any policy shift.
Chinese banks desperate to clean up their books have come up with a new trick to raise much-needed equity.
Ladies and gentlemen, thank you for standing by, and welcome to the China Finance Online 2017 Q3 Earnings Conference Call. At this time all participants are in a listen only mode. Operator Instructions] I must advise you that this conference is being recorded today, Wednesday, the 14 of November 2017 -- excuse me, Wednesday, the 15 of November 2017. (1-0)
Huaxia Life Insurance, controlled by troubled mainland tycoon Xiao Jianhua, has increased its stake in China Minsheng Banking Corp, it said in a filing to the Hong Kong stock exchange.
BEIJING (Reuters) - China's new loans in July fell to their lowest in 8 months due to property curbs that have cooled mortgage lending and seasonal effects, reinforcing views economic activity will slow in the second half.
Swatch Group, which claims to be the world’s largest watch maker, has launched the second generation of its chip-embedded devices that can be used for mobile payments in China, after teaming with UnionPay to offer “Swatch Pay”.
Rules intended to clamp down on shadow banking are likely to result in rising defaults among wealth management products, raising concerns whether banks will guarantee the investments
BEIJING, June 14, 2017 /PRNewswire/ -- Several days previously, Coolqi Bike - hailed as a titan of innovative technology - held a launch event at Peking University entitled "Redefining the Future of Travel", where it unveiled the Gold Edition of its unmistakable smart shared bikes. Though not the originator of shared bikes, Coolqi Bike (which was founded in 2016) is constantly surpassing its predecessors, and the launch of the Gold Edition marks its pioneering entry into the smart era.
For the past few years, Chinese banks boosted their assets at a rapid clip, mainly by disguising loans as investments. But as the expansion has slowed considerably in recent months, industry insiders are beginning to flag concerns.
Big four and China Merchants Bank did well in the first quarter, while other mid-sized banks saw margins shrink
Insurance conglomerate Anbang has said it will take legal action against Chinese financial magazine Caixin and its editor-in-chief, Hu Shuli.
“In The Name Of The People 人民的名义” is very entertaining and effective propaganda TV miniseries about corruption in the PRC. I have now watched through episode 36 and highly recommend it. In episode 36 a princeling and a provincial official’s mistress flee to Hong Kong and take up residence at the “Three Seasons Hotel”, an obvious reference to the PRC moguls trying to ride out possible storms at Hong Kong’s Four Seasons Hotel.
China has taken a small step to relax its controls over yuan outflows, sources told the South China Morning Post, reflecting that Beijing is seeing a smaller risk of capital exodus and greater market confidence in the value of the yuan.
The disappearance of 3 billion yuan (US$436 million) from China Minsheng Bank's private banking accounts has once again highlighted Chinese banks' weak internal controls and the risks associated with the sale of so-called "innovative" wealth-management products on the mainland.
A woman walks past a branch of China Minsheng Bank in Shanghai February 5, 2015. — Reuters pic