Monday, November 30, 2020
Tags UBS China

Tag: UBS China

UBS Chooses China for Launch of New Digital Banking Platform It Wants to Go Global

Swiss bank UBS hopes to launch a digital banking platform in China first before subsequently bringing it to the global market.

UBS to Become First Foreign Bank to Obtain Full Control of Chinese Securities Firm

Swiss bank UBS has become the first bank in China to obtain approve from local authorities for majority ownership of its domestic securities joint-venture. The...

Is PBOC Reviving Use of Reserve Ratio Adjustments as Liquidity Management Tool?

Wang Tao (汪涛), chief economist for UBS China, says that Beijing's recent decision to reduce the reserve ratio requirement for some Chinese lenders is...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...