BNP Paribas officials said it would apply for a derivatives license by June, according to a Chinese media report. The France-based bank reportedly plans to offer local customers fixed income and treasury products via the dealing room it recently opened in Shanghai. BNP Paribas? application would be one of the first since the China Banking […]
Category: Banking & Finance
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Battle for the skies
Boeing and Airbus fight it out for a slice of China’s fast-growing aviation market, a market eclipsed in size only by that of the US
China Shipping Container Lines Co plans to raise US$2 billion by June in what is expected to be the biggest initial public offering by a Chinese company this year. Shanghai-based China Shipping Container is the container shipping unit of state-owned China Shipping (Group). China Shipping Container is reported to be planning a sale of 25% […]
Chinese media reported that recent central government actions to tighten credit supply to cool the overheating economy will affect foreign banks� renminbi-based business because the banks will be unable to obtain the currency from local banks to fund their local loans. The Shanghai Morning Post cited a foreign banker in China as saying that only […]
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Three banks suspend lending
Three Chinese banks announced that they stopped all lending until May 1, raising the possibility that the government may introduce tighter loan rules to rein in economic growth. The banks, Bank of Communications, Shanghai Pudong Development Bank and Shenzhen Development Bank, ordered their branches to cease making new loans until May 1, the first day […]