Business

3Novices:China’s ICBC says checks of loans to big acquirers are routine

BEIJING (Reuters) – Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.


#3Novices #News #OnlineMedia #Business For information check twitter.com/3novices

Standard
Business

3Novices:China metes out $100 million punishment to Russian-controlled fund for role in 2015 crash

SHANGHAI (Reuters) – A Chinese court meted out a nearly 700 million yuan ($102.4 million) punishment to a Russian-controlled high-frequency trading firm for futures market manipulation on Friday, drawing a line under one of the most high-profile cases of misconduct Beijing blames for contributing to the 2015 stock market crash.


#3Novices #News #OnlineMedia #Business For information check twitter.com/3novices

Standard