- published: 26 Jul 2014
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China’s banking regulator has approved the establishment of three private banks. The first bank will be Webank by Internet giant Tencent. A second new bank will be in the eastern city of Wenzhou, cofounded by Chint Group and Huafon Group. And a third bank, will be in Tianjin, with Huabei Group and Maigou Group as co-founders.
In what has been called one of the biggest reforms in China’s banking sector for decades, the CBRC approved five private-owned banks last year, including one funded by e-commerce giant Alibaba and another by Internet giant Tencent. The banking regulator said private banks will facilitate small businesses and help develop the rural economy. They will bring greater dynamism to the banking industry, sharing a level playing field with state-owned banks. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/...
China has approved the establishment of two new privately owned banks, taking the total number to 5. The new banks will be set up in Shanghai Municipality and Zhejiang Province. The move is being seen as a big step forward for the country’s prosperous banking sector, which is undergoing major transformations.
MYbank, one of China's first five pilot private banks, was launched on Thursday in Hangzhou. The online-only bank, backed by e-commerce giant Alibaba, is based on small value savings and loans. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
The China Banking Regulatory Commission issued a directive on boosting the development of private banks, officially giving green light to the registration and operation of private banks. Analysts say more private banks can better serve cash-strapped small firms in China.
China has announced that they will be creating their own world bank to compete with the existing US dominated world bank and the Asia Development Bank dominated by Japan. It's being called the Asian Infrastructure Investment Bank. The bank is planned to begin with $100 in capital. Source: China plans investment bank to break World Bank dominance, Russia Today http://rt.com/business/168620-china-world-bank-own/ Gross Sees Subdued Asset Price Growth as Credit Expansion Slows, Bloomberg http://www.bloomberg.com/news/2014-02-05/gross-sees-subdued-asset-price-growth-as-credit-expansion-slows.html China: Massive Credit Bubble Fueled By Shadow Banking And Securitization Could Collapse Banks, Forbes http://www.forbes.com/sites/afontevecchia/2013/06/17/china-massive-credit-bubbled-fueled-by-sha...
10 largest banks in the world. This list contains ten of the biggest and richest banks from around the world | planet earth. Do you know more large banks with huge amounts of money? Let us know in the comments... 10. Crédit Agricole Group, France 9. Bank of America, US 8. Mitsubishi UFJ Financial, Japan 7. BNP Paribas, France 6. JPMorgan Chase, US 5. HSBC Holdings, UK 4. Bank of China, China 3. Agricultural Bank of China, China 2. China Construction Bank, China 1. ICBC, China Second Channel: https://www.youtube.com/user/Listing10 Listing 10 - Top 10 compilations: http://www.facebook.com/10Listing Top 10 Lists. On our top 10 channel we bring you top lists on various topics - top tens all time. The most shocking, weird, scary, funny, fascinating, interesting and amazing facts in the wor...
At this year's Global Private Banking Awards ceremony in Geneva, Kathy Shih, head of Wealth Management Asia Pacific at UBS talks to Yuri Bender about the bank's growth strategy, managing costs and its multi-centre approach in Asia in 2014.
The likes of U.S. Trust and Citi Private Bank are beefing up their art units. J.P. Morgan Private Bank Wealth Adviser Alex Popovich Explains Why. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Learn more at PwC.com - http://pwc.to/VEzdV6 Bhishan Sethi, PwC US Financial Services People and Change Leader, and Susan Hothersall, PwC US Financial Services Manager, discuss finding, developing, and retaining the right talent for the banking sector in China.
The first private bank on the Chinese mainland is now officially open for business in the eastern coastal city of Wenzhou. The Wenzhou Minshang Bank is one of China’s first 5 pilot private banks in late 2014, and the first of five to officially start operations after obtaining approval. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
To mark the launch of a new private banking service by the Bank of China, an exclusive event was held on the top floor of BOC Tower. Concept Communications helped to build an elegant and memorable experience for all invited guests by partnering with a brand agency in Hong Kong. The event was concluded with an imperssive performance by the world famous Chinese musician Jue Yao which certainly ended the event on a high note. For more succesful event experience, please visit : http://milton-exhibits.com/event-management/
ပုဂၢလိကဘဏ္မ်ားအား တရုတ္က ဖြင့္ခြင့္ျပဳ ============================== တရုတ္ႏုိင္ငံဟာ ပုဂၢလိကဘဏ္မ်ားစြာ ဖြင့္လွစ္ထူေထာင္ေပး နုိင္ေရးအတြက္ ပုဂၢလိက ကုမၸဏီမ်ားစြာနဲ႔ ပူးေပါင္းေဆာင္ရြက္ဖို႔ အစီအစဥ္တစ္ရပ္ ေရးဆြဲသြားမယ္လို႔ ဘဏ္မန္ေနဂ်ာတစ္ဦးက ယမန္ေန႔က ေျပာဆိုခဲ့
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews China wants banks to tap private capital. The regime has approved a pilot plan to set up three to five private banks. So far, the draft rules for these private banks have not been issued. Experts worry that the current policy and system have not improved and there are many risks to opening private banks. Can the so-called "private bank" operate independently? The pilot plan is likely a black-box operation. On Jan. 6, 2014, China Banking Regulatory Commission (CBRC) reported that the banking sector will open up in 2014. The pilot banks, formed by private capital, are a self-risk financial institution. The regulator has approved the first pilot plan to set up three to ...