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Posted in Banking

Changes to China’s Banking Law Could Help – or Hurt – the Planet

Advertisement As China – the host of this week’s U.N. Conference on Biodiversity – announces a new fund on biodiversity, we, environmental organizations that track the activities of global financial institutions, call on it to not only stimulate finance as a means to fund biodiversity solutions, but also to cut…
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Posted in Banking

UPDATE 1-China banking sector’s bad loan ratio rises as pandemic impact persists

By Reuters Staff 2 Min Read (Adds quotes, details) BEIJING, Oct 21 (Reuters) – China’s banking sector saw its bad loan ratio rise to 1.87% at end-September versus 1.86% three months earlier as the impact of the COVID-19 pandemic lingered, the sector’s regulator said on Thursday. The expiration of loan…
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Posted in Banking

For China’s Banks, Corruption Is Only Half the Problem

With China’s property sector reeling and “common prosperity” the new watchword of Chinese capitalism, it was only a matter of time until the regulatory brouhaha reached finance. The latest dragnet—which The Wall Street Journal reported Monday—kicked off this month and includes 25 key financial institutions. Beijing believes that too-cozy relations…
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Posted in Banking

More Chinese developers could default, but analyst says real estate troubles have not spilled over – CNBC

More Chinese developers could default, but analyst says real estate troubles have not spilled over  CNBC…
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Posted in Banking

China launches anti-graft campaign in finance sector by inspecting banking regulator

By Reuters Staff 3 Min Read BEIJING, Oct 12 (Reuters) – China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party officials in the financial sector. The Central Commission for…
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Posted in Banking

China’s Overnight Repo Rate Slides After PBOC’s Cash Boost – Bloomberg

China’s Overnight Repo Rate Slides After PBOC’s Cash Boost  Bloomberg…
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Posted in Banking

China’s ‘enhanced regulation’ on too-big-to-fail banks looks to ward off risks – South China Morning Post

China’s ‘enhanced regulation’ on too-big-to-fail banks looks to ward off risks  South China Morning Post…
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Posted in Banking

Nigeria follows China’s footsteps in piloting digital currency – TechCrunch

Central banks control the circulation and supply of money globally, but the phenomenal rise of cryptocurrency poses a threat to their authority, control and power. So central banks around the world are now producing their own digital currencies. In a groundbreaking move for the African continent, buffered by local activity…
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Posted in Blog

Goldie Hawn could play iconic role in Book of Tobit film – Screenplay News

Book of Tobit writer almost demands Goldie Hawn play a role in iconic film of Tobit Goldie Hawn Tobit screenwriter Alan Nafzger on Sunday finally spoke out about his vision for the film adaptation of Tobit. He wants Goldie Hawn to play a major role in The Book of Tobit. …
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Posted in Banking

Xinhua Silk Road: Resilience & vitality highlighted for China’s financial sector to better support the real economy in H2, experts

Published: Oct. 26, 2021 at 3:34 AM CDT|Updated: 12 hours ago BEIJING, Oct. 26, 2021 /PRNewswire/ — China’s financial sector, after having facilitated the stable economic recovery in the first half of 2021, is urged to well adhere to the safety bottom line and showcase more resilience and vitality to…
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