China News
At least 50 or 60 percent down payment requirement for the second home mortgage loans and 30 percent for the first home will make the banking regulator feel secure, said Liu Mingkang, chairman of the China Banking Regulatory Commission, at the Boao...
China News
China's national Social Security Fund (SSF) will be more than doubled to 300 billion US dollars in 2015, the SSF chief Dai Xianglong said Sunday. The fund's current size is 130 billion US dollars, Dai said at the annual conference of Boao Forum for...
Fox News
China -(Dow Jones)- China's chief banking regulator on Sunday waded into the debate over financial regulatory reform in the U.S., saying he supports the Obama administration's proposed "Volcker rule" which would bar commercial banks from engaging in...
Fox News
In cases where principal-plus-interest-due exceeds cash flow, modifications will be made to loans including increased collateral, he said.
The Economic Times
China’s state planner said it is leaning in favour of approving a landmark $1.8 billion deal for Zhejiang Geely, China’s top private carmaker, to buy Ford Motor’s money-losing Volvo unit. The deal, which was reached last month, must be approved by...
China News
Information Office of the State Council and the Ministry of Commerce, said Zhang Xiaoqiang. China still wants foreign investment in high-tech and services sectors, but polluting and energy-gorging projects are no longer welcomed, he said at the...