- published: 15 Mar 2016
- views: 94
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’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.
T/I: 10:33:50 China's first private bank, which opened for business in January, hopes to become a major force in world banking. The Minsheng Bank in Beijing is China's first attempt at independent banking in 50 years. It employs 130 people and was set up with the equivalent of 170 million US dollars. The bank wants to exploit new business areas which have opened up as part of China's economic reform programme. The chairman of the bank, Jing Shuping, was once branded as a "reactionary capitalist" and punished with hard labour during the country's Cultural Revolution. The Minsheng Bank will open three more branches in Shanghai, Guangzhou and Chengdu this year. It also wants to finance high-profile projects led by multilateral development banks. SHOWS: CHINA, 12 AUGUST, 1996 Ext. fir...
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/
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.
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 ...
ပုဂၢလိကဘဏ္မ်ားအား တရုတ္က ဖြင့္ခြင့္ျပဳ ============================== တရုတ္ႏုိင္ငံဟာ ပုဂၢလိကဘဏ္မ်ားစြာ ဖြင့္လွစ္ထူေထာင္ေပး နုိင္ေရးအတြက္ ပုဂၢလိက ကုမၸဏီမ်ားစြာနဲ႔ ပူးေပါင္းေဆာင္ရြက္ဖို႔ အစီအစဥ္တစ္ရပ္ ေရးဆြဲသြားမယ္လို႔ ဘဏ္မန္ေနဂ်ာတစ္ဦးက ယမန္ေန႔က ေျပာဆိုခဲ့
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.
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.
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs China's banks are unexpectedly outperforming the market even as concerns over the country's growth and its prospects remain in place. The FT's Jennifer Hughes asks whether the rally marks a turnround in sentiment, or simply another example of cheap money sloshing around the system. Produced by Tom Griggs. Edited by Paolo Pascual. Additional footage from Reuters. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
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.
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Gateway House speaks to Chris Devonshire-Ellis, Founding Partner, Dezan Shira & Associates, on the role of private capital in China following the reforms announced at the 3rd Party Plenum, the new private banking licenses and its effect on shadow banking, and the future of digital currencies and Bitcoin. --------- Connect with Gateway House Subscribe to our weekly briefing: http://mim.io/733241 Subscribe to our Youtube channel: http://bit.ly/1oP1JBM Follow us on Twitter at: @GatewayhouseIND Like us on Facebook: http://on.fb.me/MFNdxO Connect with us on Linkedin: http://linkd.in/1fE6u0e ---------- Chris Devonshire-Ellis is the Founder of Dezan Shira & Associates and Chairman of the firms International Board of Equity Partners & Directors. Established in 1992 and now in its twenty...