The government will tighten its supervision of banks' strategic stake sales to foreign investors this year, a senior industry regulator said yesterday.
China Huarong Asset Management plans to sell two batches of non-performing loans (NPLs) with a face value of about 20 billion yuan each to domestic and foreign investors in the near future,...
Foreign Bank of China appointment breaks new ground
In a place like Hong Kong, the chief credit officer (CCO) of a major bank typically maintains a low profile - the unsung hero who...
Hong Kong's economy saw its seventh consecutive month-on-month expansion last month, according to data from local firms.
Overseas investors say asset manager's plan to allow its peers to join sale of impaired loans offers them a home advantage
China's about-face in managing the Sars crisis is barely a week old but the impact is being felt in unexpected ways, affecting civic, academic and commercial life.
The case was seen as a litmus test of China's resolve to end equity scams
Profits at 511 large state firms slipped 8.7 per cent year on year in the first half with more than 20 per cent losing money, according to the State Economic and Trade Commission.
Sichuan Changhong Electric, one of China's largest television set producers, yesterday forecast a surge of at least 400 per cent in its first-half net profit.
Key state enterprises saw their combined profit drop 37.1 per cent year on year in the first two months of the year, according to the State Economic and Trade Commission.
The Ministry of Finance has tightened rules on the valuation and accounting treatment of connected transactions by domestically listed companies.
Henan Yinge Industrial Investment (Holding) has emerged as the latest victim in a scandal rippling through much of China's securities markets.