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JPMorgan China Securities Chairman Quits in Another Reshuffle 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.
Citadel Is Only Global Bidder for Credit Suisse's China Unit 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.
The week in review: Chinese securities firms assigned annual ratings, PBoC tightens grip on listing of payment firms, Beijing cracks down on after-school tutoring sector globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
The race is on to secure top banking talent in China as international banks firms to take full ownership of their joint ventures on the mainland and bolster their presence by recruiting locals or luring top bankers from Hong Kong. “China coverage remains at the forefront of hiring, a situation compounded by the relaxing of the onshore JV rules which has led to international banks competing aggressively for talent,’ says Simon Roberts, chairman for Asia at Sheffield Haworth. “The onshore market remains extremely robust both in terms of deal flow and the demand for talent.” Credit Suisse has become the latest bank to seek 100% ownership of its Chinese joint venture as it looks to offer more investment banking products to the region’s entrepreneurs. “China will have the largest pool of wealth globally, no question about it, in the next couple of years,” Helman Sitohang, CEO of Credit Suisse for Asia Pacific told Bloomberg on February 19. ....
By Addison Gong 19 Feb 2021 In this round-up, consumer inflation in China disappoints in January, lenders extend a record amount of new renminbi loans last month, and the banking and insurance regulator asks financial institutions to step up their reputational risk management. China’s Consumer Price Index (CPI) declined 0.3% year-on-year in January, while the Producer Price Index (PPI) rose 0.3%. The dip in consumer inflation was mainly due to a high base of comparison, as the Chinese New Year fell in January last year but in February this year, according to the National Bureau of Statistics. The weaker-than-expected CPI inflation in January does not suggest any disinflation risks, and Beijing is expected to maintain its policy stance, wrote economists at Nomura in a note last week. They expect CPI inflation to remain stable in February at around negative 0.3%, and the PPI inflation to rise to slightly above 1%. Ho Woei Chen, an economist at UOB, expects CP ....