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Standard Chartered set to bank on China's continuous opening-up
Standard Chartered Bank is set to bank on the continuous opening-up of China, the largest contributor to the network income of the group in 2018.
Look for gray phinos not black swans in China's Financial Zoo
Aarge pile of local government debt, more bond market defaults and banks’ high level of exposure to the shaky real estate sector.
China's SPD Bank sees 2018 net profit up 3 pct
Shanghai Pudong Development Bank (SPD Bank) said its net profit for 2018 climbed 3.05 percent year on year to 55.91 billion yuan.
Bank of Changsha net profit up 14 pct in 2018
Bank of Changsha Co., Ltd., a Chinese city commercial bank, posted a 13.94 percent year-on-year growth in net profit last year.
China's PICC 2018 premium income rises
The People's Insurance Company Group of China (PICC) said Monday it posted 498.6 billion yuan (74.3 billion U.S. dollars) in premium income in 2018.
Chinese own nearly 7.6 billion bank cards
The PBOC said on the country's banking payment service that bank cards in use totaled 7.60 billion at the end of 2018, up 13.51 percent year on year.
U.S. SEC fines Merrill Lynch 8 million USD for improper handling of ADRs
Merrill Lynch agreed to pay more than 8 million U.S. dollars to settle charges over its mishandling of American Depositary Receipts, or ADRs.
Bank of Beijing to set up JV with ING Bank
Bank of Beijing said it plans to join hands with ING Bank N.V. to invest 3 billion yuan in setting up a banking joint venture.
HK residents can open mainland banking accounts in Hong Kong
Residents of China's Hong Kong Special Administrative Region can apply for mainland banking accounts easily here in Hong Kong.
China Securities Co. reports profits down over 20 pct
China Securities Co. said that its net profits fell 23.11 percent y-o-y to 3.09 bln yuan in 2018,largely due to its sluggish wealth-management sector.
Chinese yuan strengthens to 6.7062 against USD Tuesday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 26 basis points to 6.7062 against the U.S. dollar Tuesday.
Deutsche Bank and Commerzbank confirm talks about possible merger
Deutsche Bank and Commerzbank have entered talks about a possible merger, the two German banks confirmed on Sunday.
Feature: Tourism rejuvenates old Silk Road town
Feature: Chinese digital company seeking growth in U.S.
To Sort Anbang’s Assets, Chinese Authorities Create Dajia
UBS: The globe is headed for a recession if U.S-China trade talks fails
