Banks are unlikely to face a cash crunch as the central bank pursues targeted monetary easing, reports Wu Yiyao from Shanghai
More than half of senior retail banking executives consider nontraditional financial-service providers a threat to traditional banks, while 31 percent believe they present innovative partnership opportunities.
Ministry rejects European shipping alliance plan on fair competition concerns
Chinese banks' asset quality will remain under pressure from economic rebalancing in the next one to two years and their profitability will deteriorate because of increasing interest rate liberalization, Moody's Investors Service Inc said on Tuesday at its annual credit risk conference.
Alibaba Group Holding Ltd, China's e-commerce conglomerate, disclosed in an updated filing on Monday that quarterly revenue growth slipped to its slowest pace in six years, amid concerns that the development may cast a shadow on its highly anticipated initial public offering in the United States.
Huayi Brothers Media Corp, one of China's leading private media and entertainment conglomerates, plans to acquire a 51 percent stake in Shenzhen Huayuxun Tech Co Ltd, an Internet movie service provider, for 266 million yuan ($42.7 million), the corporation announced on Monday.
Dwindling revenue from land sales and slower fiscal revenue growth may hurt local governments' ability to repay outstanding debt, a leading Chinese credit ratings agency said on Tuesday.
Chinese equities retreated on Tuesday, dragging the benchmark index down the most in a month. The decline was led by heavyweights, including banks and oil companies, just a day ahead of the scheduled restart of new share issuances after a four-month hiatus.
The government of Guangzhou is planning to strengthen economic and cultural ties with cities and countries on the so-called maritime Silk Road.
Legislators in Guangzhou are drafting laws to protect ruins and relics relating to the maritime Silk Road as the city government prepares to apply to UNESCO for world cultural heritage status for the ancient trade route.
China Merchants Bank Co and Industrial Bank Co Ltd announced on Monday in separate statements to the Shanghai Stock Exchange that they had received approval from the central bank for a 50 basis point reduction in their required reserve ratios.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
