BEIJING/HONG KONG Shares in Postal Savings Bank of China (PSBC) made a subdued Shanghai debut on Tuesday after a $4 billion share sale, underlining growing investor concerns about the health of the banking sector in a slowing economy.
BEIJING/SHANGHAI Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over problems in China's banking system.
* Peking Founder seeking state-owned strategic investor -
HONG KONG/BEIJING/SHANGHAI, Dec 3 China's Peking
University Founder Group is looking for strategic investment
from a large state-owned enterprise after defaulting on an
onshore bond, three sources told Reuters on Tuesday.
YINGKOU, China Bundles of yuan notes were stacked high behind the counters of branches of Yingkou Coastal Bank earlier this month, as the northeast China lender fought off a run on deposits while onsite government officials battled rumors of a funding crunch.
YICHUAN, China/BEIJING For three days, a 67-year-old resident of Baiyuan village in central China waited outside her local bank branch in a bid to withdraw her savings following rumors of trouble at the rural lender.
YICHUAN, China/BEIJING, Oct 31 For three days, a
67-year-old resident of Baiyuan village in central China waited
outside her local bank branch in a bid to withdraw her savings
following rumours of trouble at the rural lender.
BEIJING China Investment Corp (CIC) reported a 37% dive in annual profit on Friday and said the ongoing Sino-U.S. trade war has made the Chinese sovereign wealth fund more cautious about investing in the United States.
* CIC unit to step up rescue efforts at high-risk
(Adds executive quotes, background)
BEIJING/SHANGHAI As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.