Central University of Finance and Economics

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Type: Organization
Name: Central University of Finance and Economics
First reported 16 hours ago - Updated 16 hours ago - 1 reports

News Analysis: China wealth management sector shrinks

Chinese authorities' recent tightening over banks' wealth management products has led to a decrease in the number of new products and their yields. Chinese banks and financial institutions in April issued 2,439 wealth management products, a kind of high-interest ... [Published Individual.com - 16 hours ago]
First reported May 15 2013 - Updated May 16 2013 - 1 reports

In Wednesday's Papers: Xi Attends Tianjin Job Fair, Hoax Bomb Threats Affect Three Airlines

Xi Attends Tianjin Job FairPresident Xi Jinping showed up at a job fair during a visit to the northern city of Tianjin. He also met college graduates and jobless locals. This year nearly 7 million students will graduate from colleges and look for jobs. ... [Published Caixin Online - May 15 2013]
Entities: Tianjin, Airline, Bomb, Threat
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Bad loans at four-year high

Total assets of banking sector grow fivefold in past decade The headquarters of the Bank of China in Beijing. Major State-owned banks saw their non-performing loans rise by 14.6 billion yuan ($2.37 billion) in the first three months. MARK RALSTON / AFP ... [Published CHINAdaily - May 15 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Concerns raised over Bloomberg terminals

Chinese users of Bloomberg terminals expressed concerns Wednesday about Bloomberg News allowing journalists access to data on how clients use the terminals and urged the company to protect client data and ensure financial security.The concerns were in ... [Published Global Times - May 15 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Subway projects rely ,mainly on bank loans

The National Development and Reform Commission has approved 27 rail construction projects in 24 cities, which require a total investment of 800 billion yuan, and more than half of the funds will rely on bank loans, according to a report by the Association ... [Published CHINAdaily - May 14 2013]
First reported May 12 2013 - Updated May 12 2013 - 1 reports

Yuan appreciation nears limit: experts

The Chinese yuan has limited room to appreciate further and may be depreciated to foster the country's struggling exports and the broader economy, according to experts and insiders Sunday.On Friday, the central parity rate of the yuan hit 6.2016 against ... [Published Global Times - May 12 2013]
First reported May 09 2013 - Updated May 09 2013 - 1 reports

Yuan Reference Rate Hits High

The People's Bank of China on Wednesday set the daily reference rate of the yuan against the dollar at 6.1980, the highest in 19 years since China unified the official and market exchange rates at the end of 1993.Later, the yuan closed at 6.1410 against ... [Published China Development Gateway - May 09 2013]
First reported May 08 2013 - Updated May 08 2013 - 1 reports

Yuan reference rate hits high

Daily fixing of currency rises 1.41% against dollar since start of this year A worker counts and stacks banknotes at an Industrial and Commercial Bank of China branch in Huaibei, Anhui province. The yuan is allowed to trade within 1 percent in each direction ... [Published CHINAdaily - May 08 2013]
Entities: Reference Rate, Forex, China
First reported May 01 2013 - Updated May 02 2013 - 3 reports

Chinese housewives pick up 300 tonnes of gold in two weeks

The spot gold price was up more than $23 or 1.6% on Thursday to trade at just below $1,470 an ounce as it continues to recover from dramatic falls almost four weeks ago.Gold suffered a $200-plus decline that began on Friday 13 April and accellerated into ... [Published Mining.com - May 02 2013]
First reported Apr 27 2013 - Updated Apr 27 2013 - 1 reports

China’s “Big Five” Banks Report Slower Profit Growth in Q1

_ The days of high profit growth for Chinese banks are over, said a professor at the Central University of Finance and Economics, who forecast an annual growth of about 10% in profitability in the following years. China’s five largest state-owned banks ... [Published Caijing - Apr 27 2013]
First reported Apr 22 2013 - Updated Apr 22 2013 - 1 reports

Local Governments Still Depend Much on Land Finance

Local governments in the Chinese mainland still depend much on land finance. The latest data shows that public fiscal revenue of the nation rose 6.9 percent in the first quarter of this year, down 7.8 percentage points from a year ago. In detail, that ... [Published Individual.com - Apr 22 2013]
First reported Apr 17 2013 - Updated Apr 17 2013 - 1 reports

Further executive reshuffles made at nation's major banks

China's main banks have seen further changes made to their top executive positions, in what are being seen as the latest steps to speed up reform of the country's leading financial institutions.Bank of China Ltd, the country's fourth-biggest lender, on ... [Published CHINAdaily - Apr 17 2013]

Quotes

"The shrinking business brought by new rules will only be temporary," said Zeng. "The new controls will push banks to be more innovative in the wealth management business, helping the sector to develop in a much healthier way."
...responsibility at APCO and continue to work with the talented team in Beijing to deliver superior service and results for our clients," said Hart. "It is great to work at a company with such incredible opportunities for professional growth."
Guo Tianyong, director of the ResearchResearch Center of the Chinese Banking Industry at the Central University of Finance and Economics, said: "The rise in non-performing loans is a natural result of economic slowdown, with increasing defaults among companies, especially small and medium-sized enterprises."
"Protecting client data is a basic part of professional ethics. By allowing its journalists to access data on client usage of terminals, Bloomberg breached its duty and contract with its clients" He Gang, managing editor of Caijing magazine, told the Global Times Wednesday

More Content

All (34) | News (32) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
News Analysis: China wealth management sector s... [Published Individual.com - 16 hours ago]
APCO Appoints James McGregor Chair for Greater ... [Published JIWIN - May 17 2013]
Bad loans at four-year high [Published CHINAdaily - May 15 2013]
Concerns raised over Bloomberg terminals [Published Global Times - May 15 2013]
In Wednesday's Papers: Xi Attends Tianjin Job F... [Published Caixin Online - May 15 2013]
Subway projects rely ,mainly on bank loans [Published CHINAdaily - May 14 2013]
Yuan appreciation nears limit: experts [Published Global Times - May 12 2013]
BoCom Said Poised to Name Niu as Chairman, Peng... [Published BusinessWeek - May 10 2013]
Payment firms join the fray [Published CHINAdaily - May 10 2013]
ANNOUNCEMENT ON THE INCLUSION OF ADDITIONAL PRO... [Published Noodls - May 09 2013]
Yuan Reference Rate Hits High [Published China Development Gateway - May 09 2013]
Yuan reference rate hits high [Published CHINAdaily - May 08 2013]
Need a loan? [Published Global Times - May 08 2013]
Third-party payment firms enter the fray [Published CHINAdaily - May 03 2013]
Chinese housewives pick up 300 tonnes of gold i... [Published Mining.com - May 02 2013]
Housewives' gold rush keeps price from falling [Published People.com.cn - May 02 2013]
Housewives' gold rush keeps price from falling [Published Shanghai Daily - May 01 2013]
Doing it their way [Published Global Times - May 01 2013]
China’s “Big Five” Banks Report Slower Profit G... [Published Caijing - Apr 27 2013]
Chinese Red Cross Plans to Reinvestigate Guo Me... [Published China Smack - Apr 24 2013]
Local Governments Still Depend Much on Land Fin... [Published Individual.com - Apr 22 2013]
Comrise Expands Data Science Campus Recruiting ... [Published AndhraNews.net - Apr 20 2013]
Further executive reshuffles made at nation's m... [Published CHINAdaily - Apr 17 2013]
Energy And Environment Update -- April 8, 2013 [Published JD Supra - Apr 09 2013]
Investment banks' IPO biz cut by half in 2012 [Published People.com.cn - Feb 04 2013]
Breaking down China's overseas investment, Part... [Published People.com.cn - Dec 17 2012]
Fiscal revenues post strong growth in Nov [Published People.com.cn - Dec 12 2012]
China Banks Could Slow Down in 2013 [Published OANDA Forex Blog - Dec 04 2012]
Foreign capital rules eased [Published Infoseekchina - Nov 22 2012]
Can marriage insurance protect a marriage? [Published People.com.cn - Nov 14 2012]
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China Banks Could Slow Down in 2013 [Published OANDA Forex Blog - Dec 04 2012]
China’s lucrative banking sector will experience narrowing net profit increases in the next year, weighed down by the interest rates reform initiated by the Chinese central bank’s two consecutive rate cuts, experts have predicted. Zhou Kunping, vice ...
Foreign capital rules eased [Published Infoseekchina - Nov 22 2012]
Source : China Daily via china.org.cn China will clear the way for foreign investors’ capital to flow in and out of the country more easily by waiving and simplifying regulations, the State Administration of Foreign Exchange, or SAFE, said on Wednesday. ...
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