Post Tagged with: "Banking & Finance"

Should Beijing prop up stock markets to combat its slowest economic growth since 1990?

Should Beijing prop up stock markets to combat its slowest economic growth since 1990?

China?s faltering stock markets, compounded by an economy that is growing at its slowest pace since 1990, have incited a heated debate among think tanks and analysts on whether Beijing should step in to help shore up investor confidence. The benchmark Shanghai Composite Index ? the world?s worst performer among […]

China is poised to grant more majority-owned licenses to Wall Street banks in the next six months, regulator says

China is poised to grant more majority-owned licenses to Wall Street banks in the next six months, regulator says

A top Chinese regulator said more approvals will be given in the next six months to global banks seeking majority ownership in their local securities ventures, as authorities vowed to allow foreign firms greater access to its US$40 trillion financial sector. ?We do have a few companies in the process […]

Head of China?s securities watchdog Liu Shiyu replaced by top banker

Head of China?s securities watchdog Liu Shiyu replaced by top banker

The chairman of the China Securities Regulatory Commission, Liu Shiyu, has been replaced by the boss of Industrial and Commercial Bank of China (ICBC), state media reported on Saturday. Liu has been given a new position as deputy party secretary of the All-China Federation of Supply and Marketing Cooperatives, Xinhua […]

Worries about trade, global growth cap gains in Hong Kong, China stock markets

Worries about trade, global growth cap gains in Hong Kong, China stock markets

Worries about the US-China trade war and global growth kept gains in check on the Hong Kong and mainland stock markets on Thursday. The Hang Seng Index closed up 0.42 per cent, to 27,120.98, while the Hang Seng China Enterprises Index gained 0.56 per cent, to 10,691.00. On the mainland, […]

Hoping to bring home the bacon in the Year of the Pig? Avoid the stock market then, says CLSA?s Feng Shui Index

Hoping to bring home the bacon in the Year of the Pig? Avoid the stock market then, says CLSA?s Feng Shui Index

If you?re hoping to bring home the bacon by investing in stocks during the Year of the Pig, you may want to proceed with caution, according to investment bank CLSA?s annual Feng Shui Index. But if property is more your thing, Hong Kong?s Central district may be in for a […]