Three of China's top 10 banks plan to issue up to 60 billion yuan ($9.79 billion) of preference shares by the end of the year, according to filings with the Shanghai Stock Exchange.
Legal & Regulatory
Iran uses China bank to transfer funds to Quds-linked companies – report
There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled "Fragrant Villa" apartment complex in this southern Chinese city. The building's managers say they’ve never heard of it.
Many of China's TV shows, films are rubbish, minister says
Many of the television shows, movies and publications produced in China each year are rubbish, and the solution is to banish decadent themes and concentrate on uplifting social values instead, a senior government minister has said.
Obama's immigration plan offers some relief, risk for tech sector
President Barack Obama's executive action on immigration is expected to include some modest changes to make it easier for technology companies to retain high-skilled workers frustrated by long and unpredictable waits for green cards.
FDA says expects China to OK staff visas after two-year delay
The U.S. Food and Drug Administration said on Friday it expects China, after almost two years of delays, to soon approve visas that will allow the agency to more than double its staff in China.
Latest News
Japanese companies overwhelmingly want Prime Minister Shinzo Abe to delay or scrap a planned tax increase, a Reuters poll shows, highlighting concerns that it could derail a fragile economic recovery.
Charles I. Plosser , President and Chief Executive Officer of Federal Reserve Bank of Philadelphia spoke on The US Economic Outlook and Monetary Policy at UBS European Conference, London, England today.
British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market.
Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.
The Fed should fight low inflation as vigorously as it would a too rapid run-up in prices or risk the same sort of prolonged slow growth plaguing Japan and Europe, Boston Federal Reserve bank president Eric Rosengren said on Monday.
U.S. President Barack Obama on Monday said Internet service providers should be regulated more like public utilities to make sure they grant equal access to all content providers, touching off intense protests from cable and telecoms companies and Republican lawmakers.
Anadarko Petroleum Corp's agreement to pay $5.15 billion to clean up nuclear fuel and other pollution received approval from a federal judge on Monday, the final hurdle for the settlement touted by the U.S. Department of Justice as the largest-ever environmental cleanup recovery.
The world's biggest banks should hold a buffer of bonds in case of a collapse so that government bailouts are avoided, a global regulatory body proposed on Monday.
China is part of "intensive" talks on a global trade pact regarding information technology products, the World Trade Organization's chief said on Saturday, but it is unclear if a deal will be made at a meeting of Asia-Pacific leaders underway in Beijing.
