»»Regulators encourage mergers in rural banks
The banking regulator said on Tuesday that it is pushing mergers and acquisitions (M&A) among the country’s rural credit cooperatives (RCC) in a bid to reduce their high credit risks.
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»»Regulators encourage mergers in rural banksThe banking regulator said on Tuesday that it is pushing mergers and acquisitions (M&A) among the country’s rural credit cooperatives (RCC) in a bid to reduce their high credit risks. »»Retailers set sights on rural consumer marketSupply and marketing cooperatives in rural China are one step ahead of foreign and domestic retailers in the race to win China’s booming rural consumer market. »»ID rule sparks privacy concernAlthough the majority of mobile phone users have backed a new policy that requires them to register their real names, some of them are worried the rule, which came into effect nationwide on Wednesday, may violate their privacy. »»More foreign dairy products found unsafeThe amount of unsafe foreign dairy products seized during importation is on the rise in recent months amid the unalleviated public concern over unsafe milk formula in the country. »»Investment prospects still brightRecent media reports about failed Chinese attempts to invest in the United States might have slowed the overseas expansion of many enthusiastic investors, but, with a good business platform and proper business strategies, investment potential in the United States is still very promising. »»Key index indicates rebound of China’s economyManufacturing in China rebounded in August, easing fears of a steep correction to the economy, analysts said. »»PMI of manufacturing sector rises to 51.7% in AugustThe Purchasing Managers’ Index (PMI) of China’s manufacturing sector rose to 51.7 percent in August, up 0.5 percentage points from July, the China Federation of Logistics and Purchasing said Wednesday. »»Nod may come for ‘Mini QFII’China may approve fund management companies in Hong Kong to try out trading yuan-denominated funds on the Chinese mainland before October, a Hong Kong newspaper said yesterday. »»Private mail gets slapped with fat customs dutyPrivate mail will face higher duties under new customs regulations that take effect today, a move widely expected to hamper haiwai daigou, or representative overseas shopping services. »»Listed firms total income jump 41%Total income of 1,947 companies listed on the Chinese mainland jumped 41.17 percent in the first half of this year, and 390 of them have estimated that their profit would grow in the first three quarters in their preliminary reports.
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