China’s banking regulator is drafting a plan requiring banks to maintain loan-loss reserves equivalent to 2.5 percent of total lending, according to Guosen Securities Co.
China’s slowdown in industrial output growth will deepen after the smallest increase in 11 months in July, a government forecast showed today.
China’s new loans in August for the four biggest banks were 218.8 billion yuan, Caixin Online reported today, citing shared data from the interbank market.
China urges industry to move inland
China vows fair treatment for foreign business
China has told the United States it wants to narrow differences that have developed over a range of issues, state media said on Tuesday, aiming to lay the ground for a visit by President Hu Jintao early next year.
China’s stocks fluctuated. Banks declined while steelmakers advanced. The Shanghai Composite added 0.1 percent to 2,697.57 at 9:39 a.m., after falling 0.2 percent.
China, US meet amid tensions over trade, military
China Strategic: Received Formal Notice From Taiwan Regulator On Nan Shan Rejection
China will allow brokerages with licenses to invest overseas under the Qualified Domestic Institutional Investor scheme to provide one-to-one investment services to clients, the Shanghai Securities News reported today, citing the China Securities Regulatory Commission.