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United Kingdom

Cheng Leng

Postal Savings Bank's muted Shanghai debut highlights Chinese bank woes

10 Dec 2019

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.

China's Postal Savings Bank says some retail investors opt out of Shanghai listing

04 Dec 2019

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.

UPDATE 3-China's Peking Founder races for funds as dollar debt defaults loom

04 Dec 2019

* Peking Founder seeking state-owned strategic investor - sources

Peking Founder in talks for strategic investment after default - sources

03 Dec 2019

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.

Specter of funding crunch looms over runs at China's small banks

26 Nov 2019

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.

Rural Chinese lender cautiously re-opens for business after averted bank run

31 Oct 2019

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.

Rural Chinese lender cautiously re-opens for business after averted bank run

31 Oct 2019

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.

China sovereign fund CIC says cautious of U.S. investment amid trade war

20 Sep 2019

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.

UPDATE 2-China sovereign fund CIC says cautious of US investment amid trade war

20 Sep 2019

* CIC unit to step up rescue efforts at high-risk institutions (Adds executive quotes, background)

As trade war deepens, a state-owned insurer in China helps soften the blow

12 Sep 2019

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.

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