China’s central bank on Friday continued to pump money into the interbank market via reverse repos to ensure stable liquidity. The People’s Bank of China (PBOC) conducted 100 billion yuan (nearly 15 billion U.S. dollars) of seven-day reverse repos with an interest…
Bank of China chairman Tian Guoli speaks at the Bank of China – Bloomberg Global M&A Summit on Tuesday. Mergers and acquisitions have accelerated the transformation of China’s financial industry, according to leaders in the field. Vice chairman and president of China…
Anbang Insurance Group Co raised its stake in China Minsheng Banking Corp Ltd to 19.28 percent last week, according to a disclosure published on Monday by the Hong Kong Stock Exchange. For Anbang, which is spending more on real estate and financial…
ZTE Corp, a leading Chinese telecom equipment and smartphone manufacturer, aims to increase its presence in international markets and establish itself as a multinational firm through boosting the number of its patents. “We’ve made the development of intellectual property rights our company’s…
Bank of East Asia and DBS Bank were the first among overseas lenders that officially opened their sub-branches in the Shanghai free trade zone yesterday, as they were attracted by potential opportunities in China’s latest financial reform test bed. In addition, at…
Australian fund house AMP Capital could be selling its range of equity, fixed income and multi-asset mutual funds to Chinese investors by February through its new joint-venture with China’s largest insurance company. AMP will have a 15% stake in the Bejing-based JV,…
Rules remove capital adequacy ratio requirements, limits of equity investment for financial institutions The Chinese government is loosening its reins on private capital’s entry into the banking industry to encourage more lending to small businesses, according to a draft of new rules…
The People’s Bank of China (PBOC) announced on March 16 that it had re-appointed Zhou Xiaochuan as the chief of China’s central bank, making Zhou the longest-serving central bank chief since the establishment of the People’s Republic of China. The re-appointment of…
Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and…
Insiders in China Merchants Securities (CMS) confirmed that the securities firm is carrying out a 5 percent elimination to the last, according to the Financial Weekly. Some investment bank employees have been transferred to other departments. And some investment bank staff who…
