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Bank of China Opens First Chinese Bank in Brunei
One of China’s state-owned big-four banks, Bank of China, is opening a branch in Brunei, becoming the first Chinese financial institution to establish a presence in the sultanate. The bank…
China Banks and Insurance Stocks Close Higher at Hong Kong Stock Exchange
HONG KONG – China Banks and Insurance sector rallied on Friday’s trading at the Hong Kong Stock Exchange, with nine stocks ending the week in the green. Minsheng Bank (HKE:01988)…
China Launches Drive Against Underground Banks
BEIJING (PNA/Xinhua) — Chinese police have launched a nationwide campaign against underground banks to maintain order in the financial and capital market, the police said Monday. Meng Qingfeng, vice minister…