Edition:
United States

Cheng Leng

Rural Chinese lender cautiously re-opens for business after averted bank run

Oct 31 2019

YICHUAN, China/BEIJING For three days, a 67-year-old resident of Baiyuan village in central China waited outside her local bank branch in a bid to withdraw her savings following rumors of trouble at the rural lender.

Rural Chinese lender cautiously re-opens for business after averted bank run

Oct 31 2019

YICHUAN, China/BEIJING, Oct 31 For three days, a 67-year-old resident of Baiyuan village in central China waited outside her local bank branch in a bid to withdraw her savings following rumours of trouble at the rural lender.

China sovereign fund CIC says cautious of U.S. investment amid trade war

Sep 20 2019

BEIJING China Investment Corp (CIC) reported a 37% dive in annual profit on Friday and said the ongoing Sino-U.S. trade war has made the Chinese sovereign wealth fund more cautious about investing in the United States.

UPDATE 2-China sovereign fund CIC says cautious of US investment amid trade war

Sep 20 2019

* CIC unit to step up rescue efforts at high-risk institutions (Adds executive quotes, background)

As trade war deepens, a state-owned insurer in China helps soften the blow

Sep 12 2019

BEIJING/SHANGHAI As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.

In China, P2P insiders say regulatory shortcomings have choked industry

Sep 05 2019

BEIJING/SHANGHAI Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country's economy.

Bankers' exits and zombie accounts: China's Shanghai free trade zone sputters

Sep 02 2019

SHANGHAI/BEIJING When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new zones in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighboring countries.

Banker exits, zombie accounts: China’s Shanghai free trade zone sputters

Sep 01 2019

SHANGHAI/BEIJING, Sept 2 When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new FTZs in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighbouring countries.

China's banks face earnings squeeze amid rate reform, trade war gloom

Aug 30 2019

BEIJING/SHANGHAI China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Sino-U.S. trade war adds to economic uncertainty.

UPDATE 2-China's BoCom H1 profit rises 4.9% on interest, fee income growth

Aug 27 2019

* H1 net profit 42.75 bln yuan vs 40.77 bln yuan yr-ago period

World News