Wednesday, March 4, 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:
(Mobile World Congress) BlackBerry unveils mid-market Leap phone (03-03 19:22)
European development bank takes Greece to heart (03-03 19:18)
Glencore takes US$1b hit on falling commodity prices (03-03 18:43)
China Unicom reports 15b yuan profit, gains 18m mobile subscribers (03-03 17:58)
Hang Seng, Shanghai down at close (03-03 16:23)
European stocks open higher (03-03 16:11)
Barclays bank slides into annual net loss (03-03 15:41)
Solid rise for German retail sales in January (03-03 15:12)
Macau January gambling revenues slump 48pc (03-03 14:30)
Losses mount at Socam (03-03 14:26)

More breaking news >>

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