Friday, May 29, 2015   

Alibaba, Tencent okayed to start private banks
(03-11 15:05)

The mainland banking regulator says companies including Alibaba and Tencent have been picked to set up China’s first five private banks.
Shang Fulin said the private banks will be expected to operate independently and according to market principles.
Shang said preparatory work still was underway.—AP
   
Other Business breaking news:
Norway wealth fund dumps coal assets (05-28 20:52)
US jobless claims rise by 7,000 (05-28 20:35)
European equities mixed (05-28 20:33)
Athens stumbles from deadline to deadline, bailout deal lies in the background at G7 meeting (05-28 19:26)
Z-Obee auditor quits, cites ‘significant financial difficulties’ at Chinese mobile handset maker (05-28 18:23)
Britain reports tepid growth in first quarter (05-28 17:49)
Despite founder’s denials, market watchdog says Hanergy under investigation (05-28 17:41)
Hang Seng ends lower (05-28 16:18)
European stocks open lower (05-28 15:31)
China shares plunge, Hang Seng dives 2pc (05-28 15:29)

More breaking news >>

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