Wednesday, August 20, 2014   

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:
Volvo Car reports return to profit on China sales (27 mins ago)
Hang Seng finishes higher (2 hrs 13 mins ago)
Nikkei closes flat (2 hrs 49 mins ago)
StanChart fined over laundering controls (08-20 14:19)
Nikkei ends flat (08-20 14:18)
Hang Seng flat by break (08-20 12:22)
Nikkei flat by break (08-20 11:07)
Nikkei opens higher (08-20 10:22)
Hong Kong stocks open lower (08-20 10:21)
BHP plans asset split, (08-19 19:01)

More breaking news >>

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