Edition:
India

Cheng Leng

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.

In China, P2P insiders say regulatory shortcomings have choked industry

06 Sep 2019

BEIJING/SHANGHAI Overburdened Chinese regulators have left the peer-to-peer lending industry to poorly staffed local governments, according to ex-regulators, threatening the survival of an important credit mechanism once seen as crucial for the country's economy.

Bankers' exits and zombie accounts: China’s Shanghai free trade zone sputters

02 Sep 2019

SHANGHAI/BEIJING When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new zones in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighbouring countries.

Banker exits, zombie accounts: China’s Shanghai free trade zone sputters

02 Sep 2019

SHANGHAI/BEIJING, Sept 2 When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new FTZs in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighbouring countries.

China's banks face earnings squeeze amid rate reform, trade war gloom

30 Aug 2019

BEIJING/SHANGHAI China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Sino-U.S. trade war adds to economic uncertainty.

UPDATE 2-China's BoCom H1 profit rises 4.9% on interest, fee income growth

27 Aug 2019

* H1 net profit 42.75 bln yuan vs 40.77 bln yuan yr-ago period

Morgan Stanley buys 2% needed for control of China securities joint venture

02 Aug 2019

HONG KONG/BEIJING Morgan Stanley moved closer to taking a controlling stake in its Chinese securities joint venture (JV) after picking up a 2% share for $54 million, exchange filings show.

China probes small bank shareholdings as risk worries persist

31 Jul 2019

BEIJING/HONG KONG China is sharpening its scrutiny of small banks' shareholders amid fears that loans from the lenders to big investors could prove a weak point in the country's financial system, jolted by the state's weekend rescue of one lender and recent takeover of another.

INSIGHT-China probes small bank shareholdings as risk worries persist

31 Jul 2019

* Regulator directs small banks to check shareholding structure

World News

Iran's Khamenei rejects talks with United States

Iran will never hold one-on-one talks with the United States but could engage in multilateral discussions if it returns to the 2015 deal on Iran's nuclear programme, Supreme Leader Ayatollah Ali Khamenei said on Tuesday, according to state television.