Category Archive for 'Informal banks'

Mainland Chinese subsidiaries of foreign companies will soon be permitted, at least in theory, to issue stocks and bonds on the mainland markets.  I say “at least in theory” because companies, whether Chinese or foreign, still have to jump through a confusing number of hoops before they are allowed to list, and it is pretty [...]

Illegal banks

Black-market banking Aug 9th 2007 The Economist JUST over two years after a big unlicensed bank was last found in China, another surfaced this week. Last time the bank was based in Shanghai and operated in a small number of provinces. This time the illegal bank, which is based across the border from Hong Kong [...]