Bloomberg China’s central bank is expanding the fight to monitor and control risks emerging in the burgeoning market for loosely-regulated shadow lending. The People’s Bank of China has started collecting data from the murky world of online financing, in which firms make loans for everything from weddings to mining projects. It’s a growing part of a shadow banking market ...

  AFP The head of the world’s biggest bank by assets, Industrial and Commercial Bank of China (ICBC), is retiring, according to a statement, amid flat profit growth for the massive lender. Jiang Jianqing, 63, is leaving his post as chairman and will be replaced by current president and vice chairman Yi Huiman, ICBC said in a statement to the ...

  Bloomberg Hyundai Heavy Industries Co, the world’s biggest shipbuilder, received an initial approval from its creditor KEB Hana Bank to raise 2.6 trillion won ($2.2 billion) selling assets, according to a person familiar with the plan. The shipbuilder plans to sell stakes in other companies and real estate projects, the person said, asking not to be identified as the ...