China
China mulls adding crypto mining to 'negative list' of industries: report
China mulls adding crypto mining to 'negative list' of industries: report
Industries under the list are deemed off-limits for investments.
China’s shadow banking assets will shrink to eight-year low in H2: Moody’s
Tighter regulations will drive a wedge in the connection between banks and NBFIs.
Bank of China urged to stop funding coal projects overseas
The alliance, made up of 35 NGOs, noted the bank’s alleged lack of a public policy to reduce coal investments.
Large, mid-sized Chinese banks’ capital pressures easing: Fitch
Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.
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.
Commentary
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