Cheng Leng
Stories by Cheng Leng
China names and shames misbehaving shareholders of banks, insurers
The CBIRC said the disclosure aimed to limit financial risks and improve corporate governance,
Chinese brokerage Citic Securities gets nod to merge with smaller rival
The merger will create an $82 billion i-bank giant among China's over 130 brokerage firms.
China plans to grant investment banking licences to lenders
A pilot scheme could involve two Chinese lenders getting a nod to conduct i-banking business on the mainland.
China’s Fosun in talks to sell $1.3b stake in Alibaba’s Cainiao
The move comes at a time when Alibaba has been increasing its holdings in the logistics affiliate.
Chinese regulator drafts new rules on online bank lending to curb risks
The rules will help rein in financial risks in banks’ online lending business and protect borrowers' interests.
Distressed debt funds find it tough to crack China market amid COVID-19 curbs
On-the-ground efforts to take advantage of easier market access have been stymied by travel curbs.
British insurer Prudential, China’s CITIC forge asset management JV in Beijing
The unit was granted a business licence from CBIRC earlier this year.
US distressed debt giant Oaktree sets up wholly owned unit in Beijing
Currently, foreign asset managers can only buy Chinese distressed assets through local bad loan companies.
Local governments, state firms to take over China’s Baoshang Bank
Financial regulators took control of Inner Mongolia-based Baoshang Bank last May, citing serious credit risks.
China’s Postal Savings Bank says certain retail investors opt out of Shanghai listing
It underscores growing concerns over problems in China's banking system.
