Australia’s central bank chief has warned China’s mounting debt poses a grave economic threat, with broadening trade ties between the two countries exposing more industries to the risk. Total debt has ballooned in China from…
Monthly Archives For May 2018
UBS Appoints Joint Heads for Greater China
UBS has had a presence in China since 1989 and its investment bank is considered a market leader. The Swiss bank recently reinforced that position by submitting plans to increase its stake in UBS Securities…
MOVES-UBS merging Greater China investment banking teams, appoints heads-memo
HONG KONG, May 24 (Reuters) – Swiss bank UBS Group has appointed leaders for its Greater China business which is being formed by merging its China-focused investment banking teams, according to an internal memo seen…
China’s central bank aims to improve information disclosure and transparency
The People’s Bank of China (PBOC) on Wednesday pledged to improve its information disclosure as part of steps to make its policy-making process more transparent. The central bank said that it would strengthen its policy…
Investors should ‘absolutely’ own mainland China assets: Bank Julius Baer
“I think people should own China, absolutely,” Mark Matthews, head of Asia research at Bank Julius Baer, told CNBC. The size of the market, inexpensive assets, and better management in the country were among the…
How Alibaba Helps US Brands Reach a Half-Billion China Consumers
If you think of China solely as a manufacturing hub you’ve missed major economic shifts in the country and its population of 1.3 billion. China’s consumption economy is booming. The country’s middle class is already…
China’s Li Welcomes German Investment as Merkel Arrives in Beijing
BEIJING — China welcomes German firms and will protect their investments, China’s Premier Li Keqiang said on Thursday after meeting visiting German Chancellor Angela Merkel, who said Germany supported Chinese investment there. Merkel faces a…
Tencent and China Unicom launch eSIM card with blockchain-based authentication
Tencent and China Unicom, a state-owned telecommunications operator, have launched the TUSI SIM card which implements new identity authentication standards for the Internet of Things (IoT) industry. The Tencent TUSI (Tencent User Security Infrastructure ……
Ant Financial partners with China Everbright Bank and Everbright Technology to facilitate the bank’s digital transformation
Agreement is latest example of Ant offering technological support to help financial institutions deliver inclusive financial services more effectively HANGZHOU, May 24, 2018 /PRNewswire/ — On May 23, Ant Financial Services Group (“Ant Financial”) has…
BRIEF-Ant Financial, China Everbright Bank To Cooperate On The Bank’s Digital Transformation
* ANT FINANCIAL SAYS IT WILL WORK WITH CHINA EVERBRIGHT BANK TO HELP IT DEVELOP AREAS SUCH AS PRIVATE AND HYBRID CLOUD PLATFORMS, INTERNET FINANCE AND AI-DRIVEN APPLICATIONS Further company coverage: (Reporting by Hong Kong…
China – Further Opening In The Financial Sector.
China’s financial regulators have suggested in recent weeks that liberalisations that would permit greater foreign participation in China’s financial markets were pending. Mr. Yi Gang, the chairman of the People’s Bank of China, announced the…
Tesla Set To Win Big As China Slashes Car Import Tariffs
Amid easing of tensions in the U.S.-China trade dispute, China is slashing its import tariffs on cars and car parts from July 1 in what could be a boon to auto manufacturers without local production…
Singapore Property Firm Switches Bets from China to Europe
Less than four years after its public offering as a play on China’s red-hot property market, Singapore’s First Sponsor Group Ltd. is banking on continental Europe to fuel earnings growth. “We expect growth predominantly to…
