A wave of about 25 African, European and South American countries, including Ireland, is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as…
Monthly Archives For January 2017
China, Philippines to roll out $3.7B in co-operation projects
BEIJING — China and the Philippines have agreed on $3.7 billion worth … the projects are aimed at “improving people’s living standards,” the official Xinhua News Agency reported. No specific details on the projects were…
China swings back at golf, shutting down 111 courses
BEIJING — China has launched a renewed crackdown on golf, closing 111 courses in an effort to conserve water and land, and telling members of the ruling Communist Party to stay off the links. The…
China cracks down on bids to bypass online censorship
Beijing (AFP) – China has announced a 14-month campaign to “clean up” internet service providers and crack down on devices such as virtual private networks (VPNs) used to evade strict censorship. The ruling Communist party…
China and Shadow Financing
Of course, concerns about debt and the financial system are not unique to China. In Italy, for example, many banks found themselves saddled with non-performing loans (bad debt), and some small banks faced restructuring. New…
‘Chinese Dragons’ Overtake U.S. in Financial Tech Investment
China has unseated North America as the global investment leader in financial technology, or “fintech,” according to Citigroup’s (c) latest report on “digital disruption.” The researchers attribute the power shift to the rise of what…
China Rapid Finance Named a Finalist for LendIt “Innovator of the Year” Award
China Rapid Finance Limited (“CRF” or “the company”), China’s largest consumer lending marketplace in terms of number of loans facilitated, was named a finalist for “Innovator of the Year” honor at the first annual LendIt…
Researchers unearth fossils of giant otter in China
Scientists have unearthed fossils of an intriguingly large otter as big as a wolf that frolicked in rivers and lakes in a lush, warm and humid wetlands region in southwestern China about 6.2 million years…
China cracks down on VPNs, making it harder to circumvent Great Firewall
“China’s internet connection service market,” the ministry … the announcement has created a Streisand Effect that will drive adoption of circumvention technology. “This story made headlines in the Chinese press, which helps to generally raise…
China to crack down on censor-busting services
China is cracking down on the hi-tech ways citizens avoid official scrutiny of what they do online. The nation’s Ministry of Industry and Information Technology has announced plans to “clean up” unauthorised internet connections. The…
Chinese Peer-to-peer lender Ppdai.com plans US IPO, likely raising up to US$200m, report says
Ppdai.com, one of the mainland’s largest online lending platforms, is reportedly planning to raise US$200 million in a US initial public offering (IPO) ahead of Beijing’s tightened regulation on the peer-to-peer (P2P) lending sector. It…
LMR Partners LLP Purchases New Position in China Mobile Ltd. (CHL)
LMR Partners LLP acquired a new position in shares of China Mobile Ltd. (NYSE:CHL) during the third quarter, Holdings Channel reports. The firm acquired 154,589 shares of the company’s stock, valued at approximately $9,511,000. China…
China Unicom Global Signed IPX Direct-Connection Agreement With Multi International Telecommunication Operators
China Unicom Global Limited signed the IPX direct-connection bilateral Agreement with PCCW Global Limited, Hutchison Global Communications Limitedand Chunghwa Telecom Co.Ltd respectively. According to Mr. Yuerui Ma, Executive Vice President of CUG, CUG IPX ……
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