That progress will only continue after President Xi Jinping signaled greater resolve to tackle financial risks during the 19th Communist Party Congress in October, they added. “Everyone tends to focus on the gross amount of…
Monthly Archives For December 2017
Lexinfintech slashes U.S. IPO as Beijing reins in micro-lenders
HONG KONG (Reuters) – Chinese consumer lending firm Lexinfintech has slashed the size of its initial public offering to between $108 million and $132 million – a move that comes in the wake of a…
Venezuela quickly resolves financial dispute with China
CARACAS, Venezuela (AP) — Venezuela’s cash-strapped government has quickly settled a lawsuit filed by a state-run Chinese company, making good on an unpaid bill and appeasing an important ally that holds billions in the South…
Calling China, mate? Mega-network China Mobile launches U.K. phone service
China Mobile has chosen the United Kingdom as the location for its first Mobile Virtual Network Operator (MVNO). Launched on December 13, CMLink is primarily aimed at conveniently and affordably connecting the hundreds of thousands…
In Beijing, helping freezing migrants will get you in trouble with the law
Inside room B209 at the Family of Fortune and Prosperity apartment building near Beijing’s capital airport, You Juhong’s eyes brim with tears as she speaks. “In 2008, Beijing welcomed you. In 2016, Beijing hated you.…
China calling: Mega-network China Mobile launches UK phone service
China Mobile has chosen the United Kingdom as the location for its first Mobile Virtual Network Operator (MVNO). Launched on December 13, CMLink is primarily aimed at conveniently and cheaply connecting the hundreds of thousands…
Must be a goldfinch! Clever bird puts coins into piggy bank with its beak – but won’t accept anything worth too little
An adorable bird proved to be quite the savvy saver in footage showing it collecting money from pedestrians and slotting them into its piggy bank – but not every coin made the cut. Spotted collecting…
China Banking Association Denies Calling for Less Regulation
“We will fully consider the impact on the banking industry as well as on the market before we finalize the rules,” Liu said at a forum in Beijing on Saturday. “We are now gathering feedback…
China Names and Shames Tech Tycoon With Debt Blacklist
As China’s economy matures, officials are concerned by the … purchase cars that are not necessary for business operations, travel for leisure or pay for their children to study at private schools. Hu Wenyou, a…
China Mobile gets into the UK MVNO business
The world’s largest mobile operator – China Mobile – has decided it’s time to get involved in the UK market. Its first move, announced today, is the launch by its international arm (appropriately named China…
China Mobile Launches CMLink UK MVNO For Chinese Community
Steve McCaskill is editor of TechWeekEurope and ChannelBiz. He joined as a reporter in 2011 and covers all areas of IT, with a particular interest in telecommunications, mobile and networking, along with sports technology. China…
China Mobile : launches MVNO, ropes in EE as partner
Despite not having access to UK spectrum, China Mobile, the world’s largest mobile network operator by subscribers, has decided to launch in the UK as an MVNO (mobile virtual network operator) using the CMLink brand.…
China regulator pledges steady opening-ups in banking sector
BEIJING, Dec. 13 (Xinhua) — China’s banking regulator Wednesday pledged to steadily advance opening up of the banking industry following the latest government move to widen foreign access to the financial sector. China’s Vice Finance…
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