TORONTO, May 16, 2017 /CNW/ – Tourism Toronto announced today a new strategic partnership with OTT Financial Group that introduces the Chinese mobile payment service, WeChat Pay, into local tourism businesses to boost travel and…
Monthly Archives For May 2017
China Boom to Churn Out Pakistan’s Largest IPO in Decade
Agha Steel plans to raise as much as $95 million this year Company to triple output as China finances $55b in projects Agha Steel Industries Ltd. is planning Pakistan’s biggest-ever private sector initial share sale…
China Cannot Finance the Belt and Road Alone
There is no doubt that Asia needs infrastructure. The Asian Development Bank (ADB) recently increased its already very high estimates of the amount of infrastructure needed in the region to 26 USD trillion in the…
Goldman Builds China Financial-Stress Index and, Yes, It's Risen
Economic growth hit can be limited if stress dissipates fast With China’s leadership focused anew on curbing the economy’s leverage, Goldman Sachs Group Inc. analysts are rolling out a new gauge of stress in the…
BRIEF-China Finance Online says CFO Jeff Wang resigned
* China finance online co ltd – has started conducting a search for a new chief financial officer. Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles Next In Market…
No timetable set for Ant Financial listing
“We do not set a concrete timeline for the IPO,” said the company in a text reply to China Daily. Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan…
China Pumps $24.7 Billion Into Financial System — Update
SHANGHAI – China’s central bank made its biggest one-day cash injection into the country’s fragile financial markets in nearly four months Tuesday, a fresh sign that Beijing is trying to mitigate the damage to investor…
As China Pumps Liquidity, Concerns Over Financial Tightening
As China is reported to have pumped $24.7 billion of liquidity into its financial system Tuesday to boost investor confidence, an HSBC report dives deeper into concerns regarding financial tightening among Chinese economic thinkers. On…
China capable of maintaining financial market stability: Premier Li
Chinese Premier Li Keqiang said Sunday the country is capable of maintaining financial market stability and warding off regional and systemic financial risks. China will strike a balance between financial stability, gradual deleveraging and stable…
New Bank Serves As Financial Catalyst For Central Asia’s “Belt And Road” Development
Regional experts believe the reluctance of the United States, EU and others to give Beijing more of a say in the operations of existing financial institutions was a significant factor in prompting China to push…
China moves to expand DNA testing in Muslim region
China appears to be laying the groundwork for the broad collection of DNA samples from residents of a restive, largely Muslim region that’s been under a security crackdown, rights observers and independent experts said Tuesday.…
Global firms to China: Put new cyber rules on hold
One of the biggest concerns about the new rules is China’s plan to conduct security reviews of technology products, which the letter describes as “trade-inhibiting.” It also argues that the requirements on issues ranging from…
Report: Alibaba's Ant Financial to Delay IPO
The market has been awaiting the IPO of Ant, which as of April of last year had a valuation … If the financial arm of Alibaba wants to be listed outside of China, it needs…
