Financial Institutions

Shanghai Has Resumed QDLP Quotas After Two-Year Suspension, Sources Say

Shanghai Has Resumed QDLP Quotas After Two-Year Suspension, Sources Say

Shanghai has resumed reviews of Qualified Domestic Limited Partnership applications after a two-year suspension, several sources told Yicai Global.

Dec 29, 2017
Zhou Ailin
BlackRock Wins Key Private Fund Management Status in China

BlackRock Wins Key Private Fund Management Status in China

BlackRock Inc. has registered its Shanghai unit as a private fund manager, a status that will allow the world’s largest…

Dec 29, 2017
Xu Wei
Government Funds Should Focus on Public Services, Not Competitive Industries, NPC Official Says

Government Funds Should Focus on Public Services, Not Competitive Industries, NPC Official Says

China’s government investment funds aren’t delivering the results they should, Wu Xiaoling, deputy chairman of the financial and economic…

Dec 28, 2017
Ye Kai
 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

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