BEIJING: Criminal prosecution of 26 people involved in China’s biggest alleged online fraud: a nearly 60 billion yuan (US$8.64 billion) case involving online peer-to-peer lender Ezubao: has started in Beijing, the official Xinhua news agency…
Monthly Archives For December 2016
Beijing, Bracing for 5 Days of Heavy Pollution, Issues Red Alert
BEIJING — A thick layer of deep gray smog swept into Beijing on Friday afternoon, bringing what the authorities said would be five days of the worst air pollution in a year. The city issued…
China Mobile Payment Business and Investment Opportunities (Databook Series) – Market Size and Forecast …
LONDON, Dec. 14, 2016 /PRNewswire/ — This report from PayNXT360 provides a data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. – Market Dynamics: Provides a…
China vows to contain asset bubbles, avert financial risk in 2017
BEIJING (Reuters) – China will stem the growth of asset bubbles in 2017 and place greater importance on the prevention of financial risk, while keeping the economy on a path of stable and healthy growth,…
China appears to add weapons to man-made islands in South China Sea
BEIJING — China appears to have installed anti-aircraft and anti-missile weapons on its man-made islands in the strategically vital South China Sea, a U.S. security think-tank says, upping the stakes in what many see as…
China central bank presses banks to help with funds after interbank lending freezes: Caixin
SHANGHAI China’s central bank stepped in to urge major commercial banks to lend to non-bank financial institutions on Thursday afternoon after many suspended interbank operations amid tight liquidity conditions, Caixin reported on late on Thursday.…
Chinese leaders pledge stable currency, less financial risk
The Chinese leadership also pledged to make a priority of preventing financial risks. Rising debt has fueled concern about possible threats to China’s financial system in the event of defaults. Beijing’s reliance on credit to…
Shanghai stock exchange, china financial futures exchange and deutsche börse agree on joint venture gbp vs usd bloomberg
Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse agree on joint venture Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse agree on joint venture Deutsche Börse: Shanghai Stock Exchange, China ……
Ant Financial makes inroads in South Korea
China’s internet finance heavyweight Ant Financial Service Group gained another foothold in overseas expansion, after a local lender it helped launch obtained the first operating license for internet-only banks from South Korean regulators. The move…
Why buying China bonds and stocks is looking dicey
Analysts expected the bond yields were only headed even higher, despite the controls. “The capital controls make China’s financial markets the least exposed [in Asia] to selling pressure emanating from the U.S. Treasury market, but…
Spirent selected by China Unicom
NEW DELHI: Spirent Communications (LSE:SPT) has announced that the company has been selected by China Unicom to test NFV (Network Functions Virtualization) infrastructure using Spirent TestCenter and Spirent CloudStress. Chosen as the preferred test vendor…
Cavium and China Unicom Sign Collaboration Agreement for Virtualized RAN Technology
Cavium, Inc., a leading provider of semiconductor products that enable intelligent processing for Enterprise, Telco, MSP and cloud data centers, announced an agreement with China Unicom to accelerate the design and development of Virtualized BBU…
China's $8.6 billion P2P fraud trial starts: Xinhua
Ezubao, once China’s biggest P2P lending platform, allegedly collected 59.8 billion yuan of funds from investors through fake investment projects it advertised on its website and failed to repay 38 billion yuan. It collapsed in…
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