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NDRC to expand overseas borrowing for foreign banksThe National Development and Reform Commission said it will further expand the scale of overseas...
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Central Bank Expected to Hike Interest RateThe Bank of Korea is expected to hike the base interest rate when its monetary...
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Household Debt Soars to W1,500 TrillionKorea's household debt has surpassed W1,500 trillion or an average of W80 million for every...
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Bank of China to set up wealth management subsidiaryThe Bank of China (BOC) is planning to invest no more than 10 billion yuan...
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Shanghai’s foreign banks become main credit suppliersForeign banks in Shanghai have replaced Chinese banks to become the main force of credit...
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‘One two five’ lending goal is not for every bank: regulatorThe new requirement of banks’ lending to private enterprises, the so-called “one two five” goal,...
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CBIRC to up proportion of lending to private firmsChina’s banking regulator pledged to increase the proportion of lending to private enterprise, which will...
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Banks should treat private firms and SOEs equally: PBOCCommercial banks are being urged to adapt to the country’s strategic needs of economic restructuring...
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Current Account Surplus Surpasses $10 Billion for 1st Time in a YearKorea's current account surplus exceeded US$10 billion for the first time in a year in...
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PBOC eyes three financing channels to aid private firmsThe People’s Bank of China announced it will help private companies ease their financing difficulties...
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India jumps higher in World Bank's ranking of how easy it is to do businessChhatrapati Shivaji Terminus train station (previously named Victoria Terminus) and central Mumbai, IndiaIndia climbed 23...
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China edges up in World Bank business-friendly rankingsChina now ranks No.46 out of 190 in the latest ranking of business-friendly countries, according...
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Big five banks earned US$440 mn on average, per dayThe growth rates of net profit among China’s big five banks exceeded 5% for the...
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Europe's largest bank reports a 28 percent rise in pre-tax profit, shares jump 5 percentHSBC, Europe's largest bank, said on Monday its its third-quarter reported pre-tax profit jumped 28...
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FAW Group downplays ‘intentional credits’ from banksState-owned automotive manufacturer FAW Group says that the one trillion yuan in “intentional credits” granted...
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Foreign banks in China can sell government bondsThe Chinese banking regulator is planning to reduce the access barrier for foreign banks, as...
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FAW Group to receive US$146 bn in credits from banksState-owned automotive manufacturer FAW Group has formed a strategic cooperation with 16 banks which intend...
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Government to offer credit support for corporate bond issuersThe State Council has decided to establish a bond financing tool to support private enterprises...
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BOK Slashes Growth Projection to 6-Year LowThe Bank of Korea on Thursday slashed its growth outlook for the economy this year...
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GM Workers Sound Alarm Bells Over Possible PulloutGM Korea workers on Thursday threatened to strike to protest against the automaker's plans to...
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Look for cash-rich companies with little debt: analystInvestors considering getting into Chinese markets at the moment – at a time when share...
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September new yuan loans hit US$200 bnThe release of new financial data in September is raising expectations, indicating that support for...
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Triparty repo launched in China’s inter-bank bond marketThe People’s Bank of China officially launched the triparty repo in the inter-bank bond market...
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US against data localisation, says top trade official as RBI deadline draws closeThe United States wants to prohibit data localisation to ensure that there is a free...
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China in line to meet 6.5% growth target: PBOCChina’s current economic growth is stable and expected to achieve its target of 6.5% or...