Category: Banking & Finance

China's unregulated P2P lending sites are still spreading financial instability

Post author By grahamearnshaw
Post date July 28, 2015
No Comments on China's unregulated P2P lending sites are still spreading financial instability

Network effects

Banking & Finance Investment Markets

Postal Savings Bank of China ordered to accelerate pre-IPO fundraising

Post author By grahamearnshaw
Post date July 24, 2015
No Comments on Postal Savings Bank of China ordered to accelerate pre-IPO fundraising

China’s State Council, banking regulator and finance ministry have instructed the Postal Savings Bank of China to speed up its fundraising from strategic investors ahead of what local media have reported to be a planned US$25 billion initial public offering, Reuters reported, citing the bank’s Vice Governor Xu Xueming. Xu did not specify the size, […]

Banking & Finance Business Economics & Trade Law & Regulation Politics & Society Tech, Media & Telecom

China's consumers embrace credit cards as regulators rebuff new industry entrants

Post author By grahamearnshaw
Post date July 23, 2015
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Plastic over paper

Banking & Finance Business Practice Economics & Trade Law & Regulation

US Fed tells China Construction Bank to better guard against money laundering

Post author By grahamearnshaw
Post date July 23, 2015
No Comments on US Fed tells China Construction Bank to better guard against money laundering

The US Federal Reserve has instructed China Construction Bank (CCB) to submit compliance programs plans for anti-money laundering controls, customer diligence and methods for spotting suspicious transactions within 60 days, the first such enforcement action by the Fed against one of China’s four biggest state-owned banks, Reuters reported. Mildred Harper, chief compliance officer for CCB’s New […]

Banking & Finance Investment Markets

Investment bank CICC applies for $1bn Hong Kong IPO

Post author By grahamearnshaw
Post date July 23, 2015
No Comments on Investment bank CICC applies for $1bn Hong Kong IPO

Mainland investment bank China International Capital Corp. has applied for a US$1 billion listing on Hong Kong’s stock exchange, The Wall Street Journal reported, citing unnamed sources. The firm has played a key role in advising the Chinese government in guiding the listing of state-owned enterprises’ initial public offerings. News of the application comes a day […]