Tuesday, October 27, 2020
Tags Chinese futures

Tag: Chinese futures

JPMorgan Grabs Approval for China’s First Fully Foreign-owned Futures Firm

Storied Wall Street bank JPMorgan is set to become the first foreign bank to fully own a futures business in China after...

Bank of China under Investigation by CBIRC over $85 Million in Crude Oil Futures Losses

China's banking authority has announced the launch of an official investigation into one of the country's big state-owned lenders over heavy losses...

Trading Volume on China’s Futures Markets Rises 51.62% in First Four Months of 2020

The first four months of 2020 saw a sharp rise in trading on Chinese futures markets amidst efforts by the government to...

JPMorgan Applies for Full Control of Guangdong-based Futures Joint Venture

Wall Street bank JPMorgan Chase has applied to acquire full control of its Guangdong-based futures joint-venture JPMorgan Futures (摩根大通期货).

China and Germany to Cooperate Further on Futures Regulation

The Chinese and German governments plan to engage in greater cooperation when it comes to the regulation of cross-border securities futures.

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Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...