Chinese commercial banks added 28.5 billion yuan in new non-performing loans ending July, bringing the outstanding of band loans in the banking system to 456. 4 billion yuan
Rumor has it that the company lost as much as 2.9 billion yuan from overseas investment, and that its chairman Wang Dongming was taken away for investigations, leading to a cross-border decline in brokerage business
Bank of Communications has got approval from China's securities regulator to sell up to 56.6 billion yuan of public traded shares
Such moves have given local governments across China incentives to follow as they try to echo calls from the central government to "stabilize growth" in a slowing economy.
New yuan loans in the month were 540.1 billion yuan, well below market expectations.
This week has seen a net injection of 44 billion yuan so far, while the central bank withdrew 86 billion last week.
New loans extended by the country's four biggest banks, which typically make up 35 percent to 50 percent of total new loans, were around 220 billion yuan in July
“Losses of the fund were estimated at tens of billions in 2010 and hundreds of billions in 2011, ” Deng said.
The CSRC is considering cutting stamp taxes on stock trading.
Some Chinese banks are wrestling with a call from the securities regulator, urging companies whose share price has fallen below net asset value per share, to buy back their shares
The US named Bank of Kunlun and an Iraqi bank for sanctions Tuesday, accusing them of providing financial services to Iran and facilitating the movement of millions of dollars of international transactions.
Chinese central bank injected 8 billion yuan into the market Tuesday in a seven-day reverse repo, after it asked primary dealers both of their repo and reverse repo demands yesterday for the fourth consecutive week.
The eastern province of Zhejiang is planning to issue 10.4 billion yuan of its own bonds, the first among Chinese local governments in a trial program launched last year.
The chance for a third time interest rate cut is still open despite that the People’s Bank of China had cut the interest rate twice this year to bolster an economy that’s widely expected to cool down
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