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Financial Institutions

 Shandong Longlive Faces Liquidity Shortage After Banks Freeze USD673,000

Shandong Longlive Faces Liquidity Shortage After Banks Freeze USD673,000

Authorities have frozen CNY4.4 million (USD673,000) across eight of Shandong Longlive Bio-Technology Co.’s bank accounts due to repayment defaults, even…

Dec 27, 2017
Liao Shumin
Warburg Pincus Raises USD2.3 Billion to Invest in China’s Consumer Finance Sector

Warburg Pincus Raises USD2.3 Billion to Invest in China’s Consumer Finance Sector

American private equity firm Warburg Pincus LLC has raised USD2.3 billion for its new financial services fund, beating its USD1.6-billion…

Dec 20, 2017
Jiang Xuan
HKMA Joins With London to Promote International Infrastructure Investment

HKMA Joins With London to Promote International Infrastructure Investment

The City of London Corp. [LON:CLG] formed a partnership with the Infrastructure Financing Facilitation Office (IFFO) of the Hong Kong…

Dec 20, 2017
Liao Shumin
AIIB Opens Doors to Cook Islands, Vanuatu, Belarus, Ecuador

AIIB Opens Doors to Cook Islands, Vanuatu, Belarus, Ecuador

The Asian Infrastructure Investment Bank said today that its board of governors had given the Cook Islands, Vanuatu, Belarus and…

Dec 19, 2017
Liao Shumin
Shanghai Clearing House, R5FX to Roll Out Central Counterparty Clearing Services for Cross-Border Forex Transactions

Shanghai Clearing House, R5FX to Roll Out Central Counterparty Clearing Services for Cross-Border Forex Transactions

Shanghai Clearing House (SHCH) and the UK-based forex platform, R5FX, will jointly roll out central counterparty clearing services for cross-border…

Dec 19, 2017
Tang Shihua
China Balances Forex Supply, Demand Last Month Despite Bank Deficit in Settlement, Sale

China Balances Forex Supply, Demand Last Month Despite Bank Deficit in Settlement, Sale

Though China saw a shift from a surplus to a deficit in banks’ forex settlements and sales last month, it…

Dec 19, 2017
Xu Wei
Micro-Lenders May Feel Squeeze After CBRC Bars Consumer Financiers From Funding Unqualified Groups

Micro-Lenders May Feel Squeeze After CBRC Bars Consumer Financiers From Funding Unqualified Groups

Micro-loan groups may feel a squeeze as the China Banking Regulatory Commission barred consumer finance companies from funding institutions that do not have lending qualifications last week.

Dec 15, 2017
Song Yikang & Du Chuan
China’s Banking Regulator Will Continue to Liberalize Market to Attract Foreign Investors

China’s Banking Regulator Will Continue to Liberalize Market to Attract Foreign Investors

The China Banking Regulatory Commission said yesterday that it will continue to enhance the investment and market environment in the…

Dec 14, 2017
Xu Wei
Anhui Province Sets Up USD1.5 Billion Quantum Fund

Anhui Province Sets Up USD1.5 Billion Quantum Fund

The government of Anhui province in eastern China has set up a fund worth CNY10 billion (USD1.51 billion) to invest…

Dec 13, 2017
Tang Shihua
China’s Securities Watchdog Warns Top Analyst Over Company Valuation

China’s Securities Watchdog Warns Top Analyst Over Company Valuation

China's top securities regulator has decided to punish a securities analyst, who has won several industry awards, for continually raising…

Dec 13, 2017
Chen Juan
Morgan Stanley Will Take Control of Its China Securities JV

Morgan Stanley Will Take Control of Its China Securities JV

The Chinese partner of Morgan Stanley [NYSE:MS] intends to sell its controlling stake in their joint venture (JV), Wei Christianson,…

Dec 8, 2017
Dou Shicong
China’s First Foreign Capital-Controlled Securities Joint Ventures Start Operations in Shenzhen

China’s First Foreign Capital-Controlled Securities Joint Ventures Start Operations in Shenzhen

HSBC Holdings PLC [LON:HSBA] and the Bank of East Asia Ltd. (BEA) have obtained respective licenses from regulators to start…

Dec 8, 2017
Xu Wei

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