Friday, July 31, 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:
Russia's central bank cuts interest rate to 11 percent (07-31 20:11)
European stocks mixed (07-31 20:10)
(Greece crisis) Tsipras admits secret plan on eurozone exit (07-31 18:07)
Swiss central bank takes 50b franc hit (07-31 17:38)
Eurozone inflation steady, jobless rate unchanged (07-31 17:10)
Positive close for Hang Seng, Shanghai drops (07-31 17:03)
Dassault stake sale fattens Airbus reports to 1.5b euros (07-31 15:56)
Nikkei closes higher (07-31 14:30)
Honda earnings rise (07-31 14:29)
Sharp losses worsen to US$274m (07-31 14:26)

More breaking news >>

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