China Banks Rush to Raise Funds After Cash Crunch Spooks Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Chinese banks have ramped up their borrowing of short-term funds, a sign that fears of a cash crunch still loom large, even as Beijing sought to calm traders after a recent liquidity squeeze. Onshore lenders this week doubled their issuance of so-called negotiable certificates of deposit, a form of debt…
CLSA Names New Executives With Hong Kong Clawing Back Power bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Shares of CICC, Citic Securities and other Chinese brokerages rallied after the regulator proposed easing the risk controls they need to put in place and said it would support mergers and acquisitions among leading players.
CICC, Citic Securities lead gains among Chinese brokerages as regulator lowers risk control requirements in bid to boost capital market Shares of China…