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Geplaatst: 11-08-2018 02:44:42

BEIJING nike cortez ultra breathe black , Jan. 4 (Xinhua) -- Several internet firms have filed with the central bank to set up a credit-information platform.

The new company, under the name of Baihang Credit Scoring, will be backed by Alibaba and Tencent, among others, according to the People's Bank of China on Thursday.

With 36 percent of the company nike cortez ultra moire khaki , the National Internet Finance Association of China will be the largest shareholder.

Baihang will have a registered capital of 1 billion yuan (more than 150 million U.S. dollars). Eight credit firms including Zhima Credit and Tencent Credit will each have shares of 8 percent.

Zhu Huanqi, chairman of Huida Asset Management Co. Ltd., will be the chairman.

The platform will provide personal credit information services for online lenders, supplementing the state-run credit platform.

PRETORIA, Sept. 26 (Xinhua) -- Representatives from African central banks are holding a four-day meeting in Pretoria nike classic cortez white , South Africa, to discuss the impact of International Financial Reporting Standard 9 (IFRS9) on banks and regulators in the continent.

The workshop is organised by the Working Group on Cross-border Banking Supervision and the South African Reserve Bank (SARB).

Opening the workshop on Monday, Francois Groepe, deputy governor of SARB, encouraged Association of African Central Banks to tackle challenges affecting them.

Adhering to international financial standards will prevent the repeat of the disastrous global financial crisis of 2007-2008 nike cortez uk , Groepe said.

He said the crisis highlighted the systemic costs of a delayed recognition of credit losses on the part of banks and other lenders, and the application of the prevailing standards at the time was seen as having prevented banks from provisioning appropriately for credit losses likely to arise from emerging risks.

These delays resulted in the recognition of credit losses that were widely regarded as "too little, too late," and gave rise to questions of pro-cyclicality by spurring excessive lending during the boom and forcing a sharp reduction in the subsequent bust, he added.

Some financial experts believe that after that global financial crisis nike air max 95 ultra jacquard khaki , banks are now better capitalized with higher buffers and are better able to absorb losses.

The SARB deputy governor said while many workshops have been held in the past two years, there have never been one focusing specifically on Africa.

"There are factors that are unique to Africa that need to be taken into account," Groepe said. "With this workshop, we want to fill this gap and provide a platform for African regulators to discuss the specific issues and concerns that may affect them in the implementation of IFRS 9."

The International Accounting Standards Board issued IFRS 9 on July 24, 2014 nike air max 95 sale , to replace the existing standard. IFRS 9 has a mandatory effective date of Jan. 1, 2018.

Xi says international community must cooperate on global security

Traditional Chinese Medicine Industry Expo opens in China's Gansu

Light show seen in Xuan'en County, China's Hubei

13 tons of drugs torched in Afghan eastern Nangarhar province

Modern manufacturing, transport help six Chinese provinces develop fast

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