China’s top anticorruption agency is investigating a deputy governor of the People’s Bank of China, in a move that signals tighter scrutiny of the nation’s central bank after the conclusion of a Communist Party conclave last month.
HONG KONG (Reuters) -A mansion belonging to embattled China Evergrande Group's chairman in Hong Kong's prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records from the Land Registry show. Evergrande declined comment and chairman Hui Ka Yan could not be reached. CCB (Asia) did not respond to a request for comment.
China's six largest state-owned banks vowed they will enhance support to the slowing economy, in response to President Xi Jinping's call for a high-quality economic growth at the opening of a critical Communist Party Congress. Industrial and Commercial Bank of China Ltd, the world's largest bank by asset, said it will play the pillar role of a major bank and further increase credit support to the real economy, according to a filing to the Shanghai Stock Exchange on Sunday. Agricultural Bank of China, Bank of China and Postal Savings Bank of China said they reached fast credit growth in the first three quarters this year and will continue to contribute financial strength needed for the stable and high-quality operation of the economy.