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FXTRADING.com and CGS-CIMB Securities Join Forces

FXTRADING.com and CGS-CIMB Securities Join Forces
financemagnates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financemagnates.com Daily Mail and Mail on Sunday newspapers.

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China Data Centre Market Report 2020-2025 Featuring 60 Key Players

China Data Centre Market Report 2020-2025 Featuring 60 Key Players
mobilitytechzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobilitytechzone.com Daily Mail and Mail on Sunday newspapers.

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Huarong Mess Shows China Needs U.S.-Style Financial Reform

Huarong Mess Shows China Needs U.S.-Style Financial Reform
Bloomberg
1 hr ago
Bloomberg News
(Bloomberg) Drama around the future of one of China’s biggest bad-debt managers is highlighting the urgent need for the country to simplify oversight of its financial system.
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As investors looked for clarity over a possible restructuring of state-owned China Huarong Asset Management Co., the issue was made more complex by the number of government agencies involved.
There’s the finance ministry, which is the company’s majority shareholder. It may sell its stake to the sovereign wealth fund, thereby transferring responsibility, according to a Bloomberg News report. The China Banking and Insurance Regulatory Commission has its say as a top watchdog, and has asked banks to extend loans to China Huarong by at least six months, another report said. The central bank, which is considering taking on some assets, is required to s ....

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