BEIJING: China is disappointed at the continued high US tax rates on Chinese steel products and will take the necessary steps to protect the rights of its enterprises, an official at the Ministry of Commerce…
Monthly Archives For February 2017
China Lashes out at Mattis Remarks on East China Sea Islands
Beijing objects to the system because its powerful radar would allow it to peer deep into northeastern China, possibly allowing it to observe Chinese military movements. At a Friday news conference, Lu said China’s “resolute…
JD confirms plans for banking license
JD.com Inc, China’s second-biggest e-commerce player, confirmed on Friday it is carrying out work related to a banking license, in a move that would see it joining its tech counterparts in offering banking services. The…
China’s bank brands value surpasses America’s for the first time
For the very first time, the combined brand value of China’s lenders has surpassed that of the United States. China’s bank brands account for 24% (US$258 billion) of the total brand value of the Brand…
China raises interest rates for Standing Lending Facility loans – sources
SHANGHAI China’s central bank raised the lending rates on its standing lending facility (SLF) loans on Friday, two banking sources said. The overnight rate for the SLF loan was raised to 3.1 percent from 2.75…
China’s central bank starts Year of the Rooster with ‘groundbreaking’ broad rise in money market rates
China’s central bank has surprisingly raised money market rates across the board on the first working day in the Year of the Rooster – sending a clear signal that Beijing is tightening its monetary policy…
Bank of China closes accounts of Gupta-linked firm
The Bank of China has become the latest financial institution to be drawn into the controversy surrounding the closure of bank accounts belonging to companies linked to the Gupta family. Steel maker VR Laser said…
China will keep monetary policy prudent and stable: central bank official
SHANGHAI China will keep monetary policy generally prudent and stable, while also avoiding either a rapid slowdown in economic growth or excessive liquidity injections, the central bank assistant governor wrote on Friday. The comments from…
China Gains on the U.S. in the Artificial Intelligence Arms Race
Now, increasingly, they’re also in China. The United States no longer has a strategic monopoly on the technology, which is widely seen as the key factor in the next generation of warfare. The Pentagon’s plan…
China's secret Trump card: Could Beijing deprive our military of critical defense components?
… promising to bring China to heel. John Moody is Executive Vice President, Executive Editor for Fox News. A former Vatican correspondent and Rome bureau chief for Time magazine, he is the author of four…
As it files for IPO, Snap Inc. warns that Brexit and restrictions in China could pose problems
Despite calling Los Angeles’ Venice Beach boardwalk home, Snap Inc., the parent of popular social media app Snapchat, is concerned about how foreign governments could harm its business. In its IPO filing released Thursday, Snap…
National Asset Management Inc. Acquires 79 Shares of China Mobile (Hong Kong) Ltd. (CHL)
National Asset Management Inc. raised its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).…
Hsbc Holdings PLC Purchases 65,306 Shares of China Unicom (Hong Kong) Ltd (CHU)
Hsbc Holdings PLC increased its stake in China Unicom (Hong Kong) Ltd (NYSE:CHU) by 590.8% during the third quarter, Holdings Channel reports. The fund owned 76,359 shares of the company’s stock after buying an additional…
