Index provider MSCI will announce on Tuesday whether it will include mainland Chinese stocks in the company’s global and emerging-market indices, a decision that comes as other providers appear to be shifting toward an embrace of the so-called A-shares, The Wall Street Journal reported. Rival FTSE Group has already inaugurated transitional indices for emerging markets […]
Category: Banking & Finance
Alibaba Group Holding (BABA.NYSE) affiliate Ant Financial Group has received permission to establish its own private bank, MYbank, which will operate completely online, Caixin reported, citing an unnamed source at the new bank. “It will not have any physical outlets, or cash services, or engage in any offline businesses such as issuing checks and bills […]
China Merchants Bank’s private bank saw assets under management jump roughly 29% in the first five months of 2015 from US$121.2 billion (RMB752.6 billion) to about US$156.1 billion (RMB970 billion), thanks in large part to aggressive investment in the mainland stock market, South China Morning Post reported, citing a statement from Cai Canhuang, a senior […]
The China Banking Regulatory Commission has granted China Merchants Bank permission to sell a new round of asset-backed securities backed by credit card debt, South China Morning Post reported, citing the general manager of the finance department at China Resources SZITIC Trust. The commission had in November called for a total halt on credit card […]
Three mainland Chinese firms independently revealed plans to raise a combined total of US$4.62 billion of capital, South China Morning Post reported, citing statements from the companies. BYD (002594.SHE), the world’s biggest supplier of batteries, said it planned to raise RMB15 billion (US$2.418 billion) in an A-share placement on the Shenzhen stock exchange. Meanwhile, Alibaba […]