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Monthly Archives For November 2017
China’s New Effort to Tame Its Financial System May Disappoint
BEIJING — China on Wednesday released fresh details about a new financial regulatory body intended to calm a financial system that in recent years has endured a stock market crash, a huge exodus of money…
China’s new financial oversight body vows to fend off risks
BEIJING (Reuters) – China has established a new Financial Stability and Development Committee to improve supervision coordination, Xinhua news agency said, in the latest effort to ward off systemic risks in the world’s second-largest economy.…
China’s Tencent buys 12 percent stake in Snapchat owner
(Reuters) – China’s Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company’s share price after badly received third…
Philippines’ Duterte says ‘it’s about time’ Beijing clarified its intentions in the South China Sea
Philippine President Rodrigo Duterte and Chinese President Xi Jinping, right, shake hands after a signing ceremony in Beijing, China, October 20, 2016. Reuters/Ng Han Guan/Pool MANILA (Reuters) – Philippine President Rodrigo Duterte, in an apparent…
China and the US to sign $9 billion in business deals during Trump’s visit to Beijing
President Donald Trump and US first lady Melania visit the Forbidden City with China’s President Xi Jinping in Beijing. Thomson Reuters US and Chinese companies signed business deals worth $9 billion during President Donald Trump’s…
Philippines, Seeking to Appease Beijing, Halts Construction in South China Sea
MANILA — President Rodrigo Duterte of the Philippines has ordered military officials to stop construction work on a sandbar in a disputed area of the South China Sea after Beijing complained, the country’s defense chief…
Trump arrives in Beijing after challenging China over North Korea
Donald Trump has arrived in China after challenging those that still deal with North Korea to get tough, warning them “the weight of this crisis is on your conscience”. The President and the First Lady…
China’s Property Sector Pushed to the Tipping Point
China’s property sector has reached a “tipping point” and is about to turn “unfavourable,” according to a new report from the Asia-focused brokerage CLSA. Watch out for those Chinese property stocks, in other words. They’ve…
Foreign payment card firms not required JV setup in China: central bank
BEIJING/HONG KONG (Reuters) – China does not require foreign payment card companies to establish joint ventures with local partners to operate in the onshore market, the country’s central bank said Wednesday. Reuters reported on Tuesday…
Tencent’s China Literature most-profitable IPO debut in a decade after value soars as much as 100pc
Shares in China Literature, Tencent Holdings’ online publishing arm and mainland China’s largest online publishing and e-book website, skyrocketed nearly 90 per cent in value by the close on Wednesday, after initially jumping 64 per…
Foreign payment card firms not required to establish JVs to enter local market: China central bank
BEIJING (Reuters) – Chinese regulations do not require foreign payment card firms to establish joint ventures to operate in the onshore market, the central bank said on Wednesday. American Express (NYSE:AXP – News) and Visa…
Trump to ask China to cut financial links with N.Korea- White House official
BEIJING, Nov 8 (Reuters) – U.S. President Donald Trump will ask China to cut its financial links with North Korea and to abide by U.N. sanctions when meeting with Chinese President Xi Jinping in Beijing,…