Banking

According to foreign media reports, the State of New York announced a few days ago the regulation of bitcoin and other virtual currencies, the analysis said that at first glance, those provisions seem to be for the 19th century banking industry to develop, rather than against the rapidly changing virtual currency industry. The proposal states that companies that want to do business in New York State, buy, sell, store or redeem virtual currency must apply for a permit. Benjamin Lawsky, who is in charge of making those rules, needs to be fine-tuned. After all, Bitcoin was developed as a tool for engaging in illegal activities. Now, the new one ...

Singapore's reporter Liu Zhensheng reports in Shanghai that "DBS currently sources about 40% of its revenue from non-Singapore markets such as China and Indonesia, up from 37% in the past, and will substantially increase its non-Singapore revenue share." Recently, DBS Gaubeid Bank chief executive said in an interview with several media. He said the future business focus will be on SMEs, wealth management, the proportion of revenue will be raised to one-third, the current revenue of the two businesses accounted for 27%. Gobard also admitted that the two major challenges for the future development of the bank are mobile Internet and big data applications, at present ...

Yang Jiao July 24, Hongling venture once again launched a large loan project for a 200 million yuan financing for a business in Jiangsu, for the payment of housing exterior decoration, hydropower, sky gardens and greening and other projects, the first year Interest rate of 17.5%, the loan period of two years. This is just the latest large-scale financing Hongling Venture Capital, as of now, it has launched such projects 17. Like the platform, P2P, which originally originated in small loans, has seen more and more platforms shift its focus to large-scale financing. In order to adapt to the large-scale financing business, a number of platforms for such businesses have been formally ...

Reporter Lin Kun intern reporter Xu Xiaosheng Beijing reported from the Yicheng Yi Cheng after the departure, the easy-interaction with the farther and farther. The former was in 2007, becoming the first Chinese financial information technology service provider listed on NASDAQ. Although, after its experience listed on the generous acquisition of the trials and hardships, but also the first taste of the stock price performance unsatisfactory forced delisting trip. But in the process, the division and cooperation brought by the cultural conflicts and the loss of the core technical personnel caused by the causes of motivation have been so staggering. Although out of Yu Xin Yi Cheng, but now the easy-interaction team, did not copy the former model. ...

Huaxia Bank recently signed a cooperation agreement with China Mobile E-Commerce Co., Ltd. on the internet financial framework. Both parties will conduct all-round cooperation in direct banking, Internet wealth management sales, Internet financing and joint marketing of customers. Huang Jinlao, vice president of Huaxia Bank, said that with the rapid development of Internet finance and the demand for innovation in business models, the combination of financial industry and telecommunications industry has become an inevitable part of the development of modern society. It is understood that, in addition to Huaxia Bank, Everbright Bank, Shanghai Pudong Development Bank, Bohai Bank and other banks have signed agreements with operators to use mobile payment technology to expand the mobile payment market.

China's banking industry has faced a number of challenges and needs to accelerate its transition to a lighter transition, said Liu Waitan, the former chairman of the   banking regulator, at the second annual International financial Summit held today. Mr Liu said that the economy's gradual return to the challenge of a new normal would put pressure on the banking sector to grow downward, with three risks, bad growth, excess capacity, platform loans and asset risks. At the same time, the banking industry also faces the challenge of financial deregulation and interest rate marketization, the stickiness of high quality customers is reduced, the net profit margin is reduced and the market risk is increased. He believes that the former banking sector in the blue sea ...

With the rapid development of the financial industry, financial informationization has also been widely developed. The basic functions of banks, such as payment and settlement, financial intermediation and transfer, risk management, and information inquiry, are all also being changed by the widespread application of information technology. These various ways of realization are also important tests on the research of financial information. Let's explore some of the issues below. "Cloud" is not a catastrophe nor is it a package technology. When a reporter asked Professor Chen Zhong: In the information age, cloud computing has become a hot topic. So how do you understand the scope and philosophy of cloud computing? He is so back ...

With the rapid development of e-commerce in the country, the development of related financial payment services has also been widely concerned. 　　During the NPC, some representatives suggested that the relevant departments of the State should actively promote the cooperation between the banking sector and the third party payment industry and provide strong support for the healthy development of E-commerce. 　　CPPCC members, Zhigong Central, China Electronic Information Industry Development Research Institute deputy Dean Xu Xiaolan put forward the relevant motion: the construction of state-related departments should actively promote the banks and third-party payment agencies to develop "fast payment" way to make up for the shortage of net silver. Recently, the National Political Consultative Committee members, ...

Fast road network January 27 news (reported Zhang) recently, the rapid Internet Financial Union salon successfully held, this period salon to "review 2014 Outlook 2015" as the theme, invited the domestic well-known Internet financial platform and investment companies to review and look forward to the Internet finance yesterday and tomorrow. 91 Financial co-founder Wenxiong was invited to attend the salon, and published a unique view of the industry in-depth analysis. 2014 for the Internet financial platform is a very extraordinary year, the expansion of the industry has been brought about by the glory, but also frequent mine platform caused ...

The group Benefits Securities (Hong Kong) Research Department, Dongzeng, was driven by a big rise in U.S. stocks in Monday as a result of higher financial-banking stocks, with the index rebounding 3.66% from 17,186, with only a $51 billion deal in the market, reflecting a lack of active investment. The enthusiasm for the current market for economic recovery is clearly receding, due to the recent economic data released by the United States, the main reason for this is that the economic trend is not as optimistic as the market expected, especially as consumers ' confidence and the unemployment rate is not good, increasing investors ' worries about the contraction of US consumer activities in the second half of the year This can be remitted from the dollar ...

On 10th, at the opening ceremony of the Macao branch of Wing Lung Bank in Hong Kong, MA, president of China Merchants Bank, summed up the results of the acquisition of Wing Lung Bank for more than two years with "first success". The practice proved that CMB's strategic choice was correct, he said.　　Through the two lines of close cooperation, not only to expand the cross-border business of this new profit growth point, the bank can also use wing lung to explore diversified management for future market reforms to accumulate experience. Guo Zhihai, general manager of the Macao branch of Wing Lung Bank, said that apart from Macao's local business, wing Lung Bank Macao Branch will work with the Portuguese-language Bank of Macao to serve the Sino-Portuguese ...

Affected by the loss of personnel, Societe Generale Securities (17.34,0.75,4.52%) investment bank position, last year only 5 projects, the city accounted for only 0.08% as the first disclosure of the annual report of the listed brokerages, Societe Generale Securities let shareholders a heavy joy a worry. Worry is, the annual report disclosed, Industrial Securities (601377.SH) last year net profit of 787 million yuan, fell 32%, the extent of excess loss of 16.85% of the industry level.　　Happily, even so, Societe Generale decided to send shareholders 10 shares of 1.5 yuan in cash red envelopes. From the listing performance look, ...

March 26 Noon news, China Banking Regulatory Commission chairman Liu said Friday, as at the end of February this year, the main commercial banks reserve coverage of 165.1%.　　He added that the current regulatory focus would be on the most important and riskier banks, and that domestic banks would need to reduce the debt ratio of off-balance sheet and external assets.　　Mr Liu also said China cannot sacrifice quality because of its pursuit of rapid growth, and must further deepen price and tax reform. Prior to the CBRC's proposed provision coverage target of 150%. As at the end of 2009, the domestic commercial banks reserve coverage of 155.02%.

Xinhua Beijing, November 16, the Chinese Academy of Social Sciences released a housing Green Paper, "China's Housing Development Report (2009-2010)." Gao Guanchun, a finance and Trade Institute at the Chinese Academy of Social Sciences, said at the press conference that the 2008-year decline in commercial banking business was over for several months in 2009 and continued to attack.　　Led to the rapid rise in China's housing prices in 2009, housing market even bubble situation. Gao Guanchun pointed out that the problems of housing financial institutions in the following areas: First, the same 2008-year liquidity contraction of the decline in house prices slow shadow ...

No specified use of the loan Jing Chu net message (Chu Tian Jin Pao) according to Xinhua news agency, China's Banking Regulatory Commission announced 28th, in respect of the interim measures for the administration of personal loans, the public solicit opinions from all sectors of the community, stressing that lenders shall not issue personal loans without specified use, and that the loan interview system must be established and strictly enforced,　　Ensure the authenticity of the loan use. The draft stipulates that lenders shall not issue personal loans without a specified purpose. At the same time, the lender should strengthen the loan fund payment management, according to the contract use to the borrower's trading object to pay. Personal loan funds should in principle be used by lenders ...

CBRC issued two new rules for loans, a loan method required to sign Yinjie yesterday, the CBRC announced the "interim measures for the management of liquidity loans" and "personal loan management interim measures."　　Banking Regulatory Commission related officials said that liquidity loans can not be diverted to fixed assets, equity investment, banks to prevent excessive credit, not vicious competition and surprise lending. Will not affect the total amount of credit according to reporters understand that these two methods have been formally implemented on February 12, coupled with the implementation of last year, "Fixed assets loan management interim measures" and "project financing Business Guidelines", the CBRC has completed a number of types of loans ...

Reason: The bank completed a quarter ahead of the home loan index, no more lending momentum: it may be "phased" measures from the end of this year still nearly two months, the Shanghai bank in the mortgage on the launch of "Slam on the brakes", in the tightening of credit approval, and recently began a large area of attains real estate intermediary rebate.　　Reporters in recent days, the investigation found that so far, only two state-owned banks and a small number of joint-stock banks to pay the real estate intermediary rebate, other Shanghai banks have notified the real estate intermediary, next year will stop paying "intermediary channel fee" (rebate). Relevant banks and real estate agents revealed that today is still strong ...

Banding, vice chairman of CBRC, warned rural cooperative financial institutions: the capital adequacy ratio is not up to the standard to increase the loan of big loans the vice chairman of the China Banking Regulatory Commission, Shing, stressed in the Symposium on Risk Prevention of rural cooperative financial institutions in key provinces, that rural cooperative financial institutions should be controlled from the source in accordance with national industrial policy regulations and market access standards,　　Projects that do not reach the national EIA and emission requirements shall not undertake loans for compression and withdrawal by the large and Medium-sized Bank limited control industries, and strictly control the non-agricultural loans to urban areas. Shing stressed the need to scientifically grasp the pace of credit and investment. Be sure to keep pressure ...

In the afternoon of May 7, according to foreign media reports, PwC's latest annual survey of foreign banks shows that competition from Chinese banks has become the most difficult part of foreign bank executives ' operations in China.　　While foreign companies have long argued that the regulatory environment and personnel issues are the hardest part of operating in China, a new emerging factor is now the single biggest obstacle to success in China: competition from Chinese banks. PwC interviewed the chief executive, senior executives and branch managers of 42 foreign banks in China during its fifth annual survey of foreign banks in China. On this basis, it lists in China ...

According to the Xinhua news agency, China Banking Regulatory Commission, a director of bank supervision Yang Jiacai recently said that the second set of housing standards to the number of houses, family (including borrowers, spouses and minor children) as a unit.　　Reporter 22nd In the interview learned that "to room, family unit" may be the introduction of the two suite of standards related to the basic principles of the relevant provisions. At present, by the Ministry of Housing and Urban and rural construction with the People's Bank, the CBRC's two suite of standards for the formulation is still in progress.　　The CBRC also said yesterday that the standard needed to be formally written and that banks had not yet been formally forced to do so. ...