Sunday, April 26, 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:
EU clears 19 genetically modified products (04-24 20:33)
China sales lift Astra Zeneca revenue (04-24 20:33)
Greece sells gambling operation (04-24 20:29)
European stocks higher awaiting Greek update (04-24 20:27)
Sui Yang named alternate chief executive at BoC HK (04-24 18:28)
Athens stocks leap by 4.4pc on hopes of EU deal (04-24 18:11)
HSBC ponders head office location (04-24 17:38)
Hang Seng breaks through 28,000 (04-24 16:35)
Nikkei closes in negative territory (04-24 14:36)
US crude falls to US$57.42 in Asian trade (04-24 14:28)

More breaking news >>

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