China has given North Korean companies operating in China 120 days to close, including joint ventures with Chinese firms. The decision is a significant toughening of Beijing’s dealings with North Korea, which operates restaurants and…
Monthly Archives For September 2017
PM Abe celebrates anniversary of Japan-China ties
and promote the steady improvement and development of their relations,” China’s official Xinhua News Agency reported. China’s national day is Sunday. Beijing welcomed the attendance of Abe, who was accompanied by Foreign Minister Taro Kono.…
Skeletons in China’s Property Closet
Shuli Ren is a Bloomberg Gadfly columnist covering Asian markets. She previously wrote on markets for Barron’s, following a career as an investment banker, and is a CFA charterholder. Chinese developers have been the talk…
Remark Holdings Announces Multimillion-Dollar Artificial Intelligence Contract to Help Companies Fight Intellectual-Property Piracy in China
LAS VEGAS, Sept. 28, 2017 /PRNewswire/ — Remark Holdings, Inc. (MARK), a global digital media technology company, announced that Sefon, a Big Data services company headquartered in Chengdu, China, awarded a multimillion-dollar contract to Remark…
China’s Tamping Down Property Prices As Mortgage Debt Presents Risks
China’s local officials are stepping on the brakes once again in the property market, attempting to keep home prices under control as they continue to move away from fundamentals. A total of eight cities, including…
Belt and Road: China’s new green finance laboratory
Considering its size, it is easy to forget China’s green bond market is still in its infancy. It took off only in 2016 — when, from almost nothing, issuance of green bonds rocketed to $36bn,…
UK the riskiest market after China, say finance and tech firms
Political and economic uncertainty emanating from the Brexit vote have contributed to make the UK the second riskiest market in which to do business – after only China – according to a new survey of…
China Financial Services Holdings Ltd (0605) Dips -2.99% on Sep 29
Shares of China Financial Services Holdings Ltd (HKG:0605) last traded at 0.65, representing a move of -2.99%, or -0.02 per share, on volume of 446,000 shares. After opening the trading day at 0.66, shares of…
North Korean firms in China ordered to close by January
Branches of China’s biggest banks have told AFP that they have suspended financial transactions for North Koreans, a measure that is not required under UN sanctions. ( read original story …)
China outbound M&As seen picking up on hopes of eased capital outflow curbs
Such was the buying that China’s government began placing restrictions on overseas deals to stop huge outflows of funds destabilizing the yuan. The yuan has since stabilized, while China’s foreign reserves have risen. The government…
China Analysts’ Cut-Throat Fight for $1 Million Paycheck
A million-dollar paycheck might not turn heads on Wall Street, but it’s a tidy sum in China, where the financial industry is still dominated by government-owned institutions with a history of conservatism on pay. In…
Tea and Tiananmen: Inside China’s new censorship machine
TIANJIN, China, Sept 29 (Reuters) – In a glass tower in a trendy part of China’s eastern city of Tianjin, hundreds of young men and women sit in front of computer screens, scouring the Internet…
China 40: Record Outbound Investment Fuels Growth As Top Firms Reveal PEP For First Time
Riding China’s record-setting outbound investment boom, the country’s largest law firms are catching up with their global counterparts in financial performance. A historic volume of $221bn in M&A during 2016, as measured by Thomson Reuters,…
