The chairman of the China Banking Regulatory Commission (CBRC), Liu Mingkang, said that future foreign investors in Chinese banks will be required to accept a five-year lockup period on share sales, the Financial Times reported. The decision was made after a number of foreign banks, including Bank of America, UBS, and Royal Bank of Scotland […]
Category: Banking & Finance
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China stocks at 7-month high
China’s benchmark stock index rose to a seven-month high on Wednesday, Bloomberg reported. The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose by 1.5% to 2,408.02, its highest close since August. The CSI 300 Index, which tracks exchanges in Shanghai and Shenzhen, gained 1.6% to close at 2,548.22. Zijin Mining Group […]
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A storm brewing
China’s banks raise capital to fund a national lending spree
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How much longer?
The market continues to be reasonably buoyant despite little reason for optimism
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Back in business?
Investors are waiting for the return of IPOs in the hope that this will revive the stock market