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United Kingdom

Shu Zhang

China moves closer to allowing foreigners to control insurance ventures: sources

18 Nov 2018

HONG KONG/BEIJING China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.

Pakistan needs IMF bailout, panda bond issue, Habib Bank CEO says

06 Nov 2018

BEIJING Pakistan needs to seek a bailout from the International Monetary Fund (IMF) and make "hard decisions" to avoid going back again, said Muhammad Aurangzeb, chief executive officer of Habib Bank Ltd, the country's biggest lender.

REFILE-Pakistan needs IMF bailout, panda bond issue, Habib Bank CEO says

06 Nov 2018

BEIJING, Nov 6 Pakistan needs to seek a bailout from the International Monetary Fund (IMF) and make "hard decisions" to avoid going back again, said Muhammad Aurangzeb, chief executive officer of Habib Bank Ltd, the country's biggest lender.

Big Chinese banks' profits mask building risks to asset quality

30 Oct 2018

BEIJING/SHANGHAI The risk of deteriorating asset quality will loom over China's biggest banks, analysts said, even as the nation's biggest lenders have reported rising profits and steady bad loan ratios.

RPT-EXCLUSIVE-As U.S. sanctions loom, China's Bank of Kunlun to stop receiving Iran payments-sources

24 Oct 2018

BEIJING, Oct 23 Bank of Kunlun Co, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic under pressure of imminent U.S. sanctions against the country, four sources familiar with the matter told Reuters.

Exclusive: As U.S. sanctions loom, China's Bank of Kunlun to stop receiving Iran payments - sources

23 Oct 2018

BEIJING Bank of Kunlun Co, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic under pressure of imminent U.S. sanctions against the country, four sources familiar with the matter told Reuters.

China to allow bank wealth-management funds to be invested in stocks

19 Oct 2018

BEIJING/SHANGHAI China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares.

China to allow bank wealth-management funds to be invested in stocks

19 Oct 2018

BEIJING/SHANGHAI China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares.

Lost in transmission: China's small firms get more loans on paper but not in reality

16 Oct 2018

BEIJING Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets.

Door opens for UBS to take majority ownership of China JV

12 Oct 2018

HONG KONG UBS Group AG may have moved a step closer towards becoming the first foreign bank to hold majority ownership of its Chinese investment banking operations, after two of its joint venture partners said they had put their stakes up for sale.

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