China Economic ReviewThe China Securities Regulatory Commission (CSRC) may suspend its reviews of IPO applications for two months as it seeks to contain the hemorrhaging stock market, which registered six-year lows on news that non-tradable state-owned shares worth US$264bn will flood the market, Agence France-Presse reported, citing a China Securities Journal report. With voting on IPO applications […]
While announcing it has issued the first licence for Internet protocol TV (IPTV) and mobile phone TV programs to Shanghai TV Station, a subsidiary of the Shanghai Media Group (SMG), the State Administration of Radio, Film and TV (SARFT) said it would closely monitor broadcasts on the Internet, TV and mobile communications networks, state media […]
The Industrial and Commercial Bank of China (ICBC) and the China Construction Bank (CCB) have agreed to offer syndicated loans to large corporate clients, while allowing other banks to join them in providing loans and credit services to a single client, state media reported.
In an attempt to standardize practice, the China Banking Regulatory Commission (CBRC) is expected to announce provisional rules on supervising the personal asset management operations, a fast growing segment for China's commercial banks, Asia Pulse reported. Anticipating new risk exposures as commercial banks expand their wealth management businesses, CBRC will also issue a guide on […]
Following Saturday's meeting between Chinese Foreign Minister Li Zhaoxing and his Japanese counterpart, Nobutaka Machimura, on the sidelines of a two-day Asia-Europe foreign ministers meeting in Kyoto, Japan, the two countries cite "improvement" in the tense relations between them, saying Asia's stability depends on their ties, the AP reported, citing a Japanese Foreign Ministry spokesman. […]