Private investors should steer clear of China's mammoth banks, whose precarious state pose a risk to the world economy, an asset manager specializing in Asia told CNBC on Wednesday.
China's slowing economy and market rout may capture headlines, but the mainland's debt load is a bigger worry, said top China banking analyst Charlene Chu.
BEIJING, Dec 29- The deputy governor of China's central bank has been appointed head of the country's foreign exchange regulator, leading business publication Caixin reported on Tuesday. Pan, 52, previously held roles at Agricultural Bank of China Ltd and Industrial& Commercial Bank of China Ltd, the country's largest lender, before taking his position at the...
Deutsche Bank is to sell its stake in the Chinese lender for up to €3.7B in an effort to strengthen its balance sheet, the FT reports.
SAO PAULO, Dec 9- Brazilian iron ore miner Vale SA said late on Tuesday in a filing it had completed the sale of four very large ore carriers, also known as Valemax class ships, to a consortium lead by ICBC Financial Leasing. ICBC is a subsidiary of the Industrial and Commercial Bank of China Limited. The deal was valued at $423 million and the resources were...
Asian stocks trimmed losses Thursday as oil prices bounced from an over three month low, but mood remained cautious ahead of economic events overseas.
Asian markets closed mostly in positive territory as investors shrugged off a lower finish on Wall Street and a miss on China PMI.
Asian equities closed mostly in the red on Monday as investors remained cautious following a mixed performance from Wall Street.
Asian stocks closed sharply in the red, led by a heavy afternoon sell off in the Chinese market as the regulatory body went after brokerages.
Asian markets closed mixed on Monday, following a rally on Wall Street last week as investors stay on a Fed-watch.
Asian equities bucked the trend on Wall Street overnight and finished strongly on Friday, even as a Fed rate hike lingered on investors' minds.
Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.
Asian shares traded mixed on Wednesday, as investors remain cautious over the latest global geopolitical developments in the wake of Paris terror attacks.
Asian equities were lackluster on Thursday, with weakening commodity prices and concerns over a slower-growing China pressurizing markets.
China's four biggest banks may be forced to raise up to $400B to meet new capital rules, which could pressure them to slow lending.
Asian shares retreated on Tuesday, as a fresh batch of Chinese data added to the uncertainty from a looming rate hike in the U.S.
Asian stocks outside China and Japan mostly retreated on Monday, following below-view trade figures released at the weekend from China.
While the US has been busy worrying about "too big to fail," China's largest banks have just been getting larger, says analyst Dick Bove.
Asian stocks put up a mixed performance on Thursday, as increasing odds of a U.S. interest-rate rise in December sapped risk appetite.
Asian stocks fell on Monday, as investors digested a private survey which showed China's manufacturing sector remaining in a tough spot.