China
China’s anti-graft agency investigates China Development Bank VP: report
He Xingxiang is suspected for “severe discipline and law violations.”
China’s anti-graft agency investigates China Development Bank VP: report
He Xingxiang is suspected for “severe discipline and law violations.”
BNP Paribas in talks with China’s AgBank to form wealth JV: report
A source said that BNP Paribas will hold a majority stake in the planned venture.
Bank of China’s diverse portfolio to weather default storm over next two years
BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.
China makes biggest cash injection in banking system since February: report
The PBOC has injected a net CN¥120b into the system for this week.
Ping An Bank profits up 45% in Q2, but NIM contraction to continue
Whilst fee income and loan growth is robust, capital position weakened.
Chinese banks’ posed for e-payment scene comeback with digital renminbi’s launch
The e-CNY will support growth of banks’ e-payment customer base and improve overall financial stability.
Improved outlooks on the horizon for Chinese finance companies
Policies to slow debt growth and control property prices appear to be working, abating economic risks.
China’s central bank rolls over $15.46b maturing mid-term loans: report
Fund injection is meant to keep banking system liquidity reasonably ample, PBOC said.
China’s top brokers downgrade senior bankers’ travel perks to cut costs: report
Managing directors are asked to fly coach for domestic travel.
Citi Global Wealth APAC Co-head Fabio Fontainha outlines bank's ambitions
Fontainha expounds on Citi's wealth goals, which include adding $150b AUM across the APAC franchise in four years’ time.
Citi Private Bank names southern, western Mainland China global market manager
Seamus Yin will be responsible for leading coverage of clients in central, western, and southern China.
Nomura Holdings loses 20 investment bankers in Asia: report
The resignations include their head of Greater China equity capital markets.
Local bond market’s problems heighten Chinese banks' credit risks
The bond market’s repayment woes may force banks to make concessions for the sake of financial stability.
Chinese banks warned against rising bad debt as measures subside
CBIRC also warned against emerging local real estate bubbles.
China orders banks, insurers to draft 'living wills': report
This is to ensure that troubled financial institutions won't end up needing costly bailouts.
HSBC plans to split leadership of Asia with two co-heads: report
Wong protege David Liao and India’s Surendra Rosha are rumored to become co-heads.
China’s Huarong likely to receive extraordinary government support: S&P
This also bodes well for its overseas bond issuer Huarong International.
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