No notes are counted out, no coins bounce and clatter into cash registers, no-one queues at the bank. “The country leads the world when it comes to total users and market size,” observed a McKinsey…
Monthly Archives For January 2017
China offers temporary funding to major banks
A woman walks past the headquarters of the People’s Bank of China in Beijing. Commercial banks had 11tn yuan ($1.6tn) of sovereign and financial bonds outstanding as of December, a former PBoC official said yesterday.…
China 'cuts reserve ratios for five big banks temporarily'
The People’s Bank of China (PBOC) has cut the reserve requirement ratio (RRR) for the banks by one percentage point, taking the ratio down to 16 per cent. It will restore their RRR to the…
China Saite : halts financial services business buy
the memorandum of understanding regarding the possible acquisitions of not less than 90% interest of a company incorporated in Hong Kong, which is principally engaged in the provision of asset management, wealth management and general…
Xi positions China as a champion of free trade in the Trump era
While an eager audience recorded the moment on their cellphones, Xi Jinping spent nearly an hour expounding on the state of the world, and China’s rising role in it. Here stood the authoritarian successor to…
China now the unlikely champion of free trade in the Trump era
While an eager audience recorded the moment on their cellphones, Xi Jinping spent nearly an hour expounding on the state of the world, and China’s rising role in it. Here stood the authoritarian successor to…
Trump’s trade chief willing to brand China currency manipulator
US Treasury Secretary nominee Steven Mnuchin said during his Senate confirmation hearing he is willing to label China as a currency manipulator if warranted, after president-elect Donald Trump backed away from his pledge to do…
China expecting 'grim, complex' situation in relations with Taiwan this year, senior official says
Relations between China and Taiwan this year will be “even more complex and grim” and Beijing will resolutely oppose any form of separatist activity, a senior Chinese official said, but added China would also maintain…
China sees 'grim' situation in relations with Taiwan this year
China is deeply suspicious of Tsai … and maintain the peaceful development of cross-Taiwan Strait relations and peace and stability”, state-run Xinhua news agency paraphrased Yu as saying. In a letter to Pope Francis released…
Technology, not geography, makes China a global problem
China’s area of national interest is no longer delineated by geography or confined to its continental region – a fact that has serious geopolitical implications, Roger Bradbury writes. Paul Keating’s analysis of China’s geopolitical strategy…
China’s $30bn plan to advance chip plans
That will help China “leapfrog development in mainstream storage,” according to a statement carried on the company’s website. Tsinghua, the investment and technology affiliate of the university attended by Chinese President Xi Jinping, is leading…
ENTREVESTOR: Mink technology a hit on the Rock
Born in Denmark, Nielsen once developed an app in China that gauged the authenticity of expensive alcohol. Now he’s based in St. John’s where he’s launched technology that helps mink farmers better manage their operations.…
China responds to U.S. chip threats with a $30 billion factory
China has a poor chip-manufacturing infrastructure, and this investment should fill a hole in the country’s long-term effort to be self-reliant with technology products. Companies like Intel, Samsung, TSMC (Taiwan Semiconductor Manufacturing Co.) and ……
