Tuesday, October 6, 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:
US blue chips climb at open (8 mins ago)
US August trade deficit with China leaps to US$35b (56 mins ago)
Facing mega financial hits, Volkswagen tightens spending (1 hr 16 mins ago)
Europe to share info on tax avoidance deals of global corporations (1 hr 59 mins ago)
(Books) Bernanke worried about ‘grand-daddy of all financial panics’ (2 hrs 16 mins ago)
Volkswagen admits 8m dirty diesels sold in Europe (2 hrs 54 mins ago)
Greenback still mighty, but yuan gains ground in trade finance (10-06 18:15)
Workers rip up Air France repute and exec shirts (10-06 17:29)
HK public floats drop, but funds raised climb to HK$156b (10-06 17:01)
Hang Seng closes lower (10-06 16:20)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.