China Financial News Headlines

October 15, 2008

Fetion From Finance

Filed under: financial news — Tags: , , , , — kinpoo @ 9:38 am -0500

Three european central banks joined to injected 254,000,000,000 U.S.dollars
On Oct.15th at 19 o’clock the evening news: The European , the Bank of England and Swiss central banks jointly announced that they would inject 254,000,000,000 U.S. dollars into the financial institutions. This is the first step of Europe’s central banks “without limit” plan of , in order to ease the market tensions of liquidity.

Innovative financial products became a nongovernmental-capital financing key
To ease the contradiction between supply and demand of nongovernmental-capital, and regulate and develop the nongovernmental-lending market, because of at a stage of development of Chinese non-governmental financial markets, they are both opportunities and challenges. In Shenzhen yesterday at the “governmental-capital financing in the new era Forum”, from banking, security, trust, the venture capital industry, peoples agreed that innovative financial products became a nongovernmental-capital financing key.

Financial tsunami scraped off high-level talent shortage, and the Finance of Jiaotong University in Shanghai unveiled
This morning, the Finance senior academe of Jiaotong university appeared for the first time in public, as well as its first financial forum. Forum focused on the inspiration and reflect on the global financial turmoil “, which reflected on the shortcomings of the current financial education and the deficiencies of financial personnel training system.

other news:

Spain’s international bank increased holdings of H shares of CITIC Bank
On the financial crisis sweeping the globe, Chinese financial institutions are favored by foreign investors. CITIC Bank today announced that the company’s board of directors considered the adoption of “agreement of the Bank of Spain’s (BBVA) holdings of shares in CITIC Bank’s motion”. BBVA’s board of directors agreed to increase CITIC bank holdings of H shares, from 4.83% to 10.07%.

Paulson can not ensure that the 250,000,000,000 U.S. dollars which are used to save the market are not “abused” by the bank.
Global Times reported by SONG Bin as correspondent: in the United States, the United States, according to Bloomberg News, U.S. Treasury Secretary Paulson is in the success of the Ninth National Congress of the United States to persuade banks to accept U.S. government funding 125,000,000,000 U.S. dollars, but about nine Large banks how to use these funds, it seems that Paulson has no decision-making power.

Do not consider the Hurun List of Top 100 of Richmen seriously
“Hurun list of ” for countless times made people concern about it, causing a lot of discussion, but I have been in doubt: The list reflects the real objective of China’s wealth ? I believe that a few people hold such a doubt.

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