Sunday, October 25, 2020
Tags China Cinda Asset Management

Tag: China Cinda Asset Management

ICBC and China Cinda to Jointly Grab Near 18% Stake in Beleaguered Bank of Jinzhou

ICBC and China Cinda Asset Management have both announced that they will acquire stakes in troubled north-eastern lender Bank of Jinzhou.

China Orient Raises 18bn Yuan in Capital to Pile up on Bad Debt

China's big four asset management companies are beefing up their working capital in anticipation of expanded purchases of non-perforing loans. China Orient Asset Management has...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...