Josh Olszwicz, a bitcoin trader, told Business Insider the markets are ignoring news out of China because it has zero impact on the coin’s actual blockchain technology. “If it doesn’t affect the protocol, then it’s…
Monthly Archives For September 2017
China Mobile 4G subscriber base for August 2017
China Mobile announced its latest 4G subscriber statistics for August 2017. China Mobile said its 4G subscriber base reached 616.825 million by adding nearly 11 million users in August 2017. 873.727 million is the total…
China central bank backs mortgage rate hikes in capital
BEIJING (Reuters) – China’s central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television (CCTV) on Tuesday quoted the central bank…
China’s bitcoin clampdown is likely here to stay, analysts say
“I see the crackdown on bitcoin as part of this larger multi-agency program to reduce financial sector risk, which will unfold over months and probably years,” said Jim Stent, author of “China’s Banking Transformation.” “I…
Deutsche Bank warning: Global financial CRASH inevitable if Chinese ‘credit bubble bursts’
Strategists at the German bank have indicated China could be the trigger for the next economic downturn as the country’s “fundamental vulnerabilities” remain. Research by the bank’s strategists Jim Reid, Nick Burns, Sukanto Chanda and…
Bank of China permitted to start operations in Pakistan
KARACHI: The State Bank of Pakistan (SBP) has allowed the Bank of China Limited to commence its banking business in Pakistan. Earlier, the SBP issued banking licence to the Chinese bank in May 2017. The…
Chinese Central Bank said to be drafting fresh package of reforms for more financial market opening
China’s central bank is drafting a package of reforms which would give foreign investors greater access to the nation’s financial services industry, according to sources familiar with the matter. The People’s Bank of China will…
Central bank official says China keen to promote use of yuan in commodity pricing
China is keen to raise the profile of its currency in the pricing of commodities, according to a central bank official. The country is studying the “market rules and mechanisms of pricing commodities in yuan…
Amid Beijing’s push to CPEC, Bank of China begins operations in Pakistan
Pakistan’s central bank has allowed the government-owned Bank of China to begin operations in the country. Karachi: Pakistan’s central bank has allowed the government-owned Bank of China to begin operations in the country, amid Beijing’s…
Bank of China : Pak establishes banking channel with China
Pakistan has formally established banking channel facility to facilitate ever increasing trade volume between the two countries as China has become one of the major business partner of Pakistan. In this respect the State Bank…
China Mobile (Hong Kong) Target of Unusually Large Options Trading (NYSE:CHL)
The Money Flow Index of China Travel International Investment Hong Kong Ltd (CTVIF) this week has place the shares on the radar as it nears the key 70 or 80 level. Want to see what…
Beijing, Shanghai shut down bitcoin exchanges: media
Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money. A Beijing-based regulator required…
App Annie’s new product offers insight into consumer trends in China
FRANKFURT (Reuters) – The pioneer of mobile app analytics, App Annie, on Tuesday said it has begun tracking Android app usage in China, a landmark for understanding consumer behavior in the world’s top smartphone market,…
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