More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. Bloomberg reported that China has promised to let foreign banks have more access to its financial sector, which is worth about...
In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Regulations take shape, usually quite a bit more slowly. So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet...
A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. In a statement, the payments messaging company said the financial institutions (FIs) “have gone live” with the SWIFT Global Payments Innovation (GPI) initiative. Launched...
The movement by European firms away from owning, operating and committing capital to certain regions globally has left a vacuum of sorts that is being filled by Chinese banks, Reuters reported on Tuesday (May 24). Barclays Deputy Chairman Gerry Grimstone told the newswire that the biggest Chinese...
June 06, 2019
A hundred billion here, a few hundred billion there, and pretty soon it all starts to add up. The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. That means, according to the data, that more […]
January 24, 2019
More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. Bloomberg reported that China has promised...
May 25, 2016
The movement by European firms away from owning, operating and committing capital to certain regions globally has left a vacuum of sorts that is being filled by Chinese banks, Reuters reported...
