BEIJING, May 4 (Reuters) – China’s banking and insurance regulator issued rules on Friday to help limit banks’ exposure to large, single clients, as part of a widening clampdown on risks in the financial system.…
Monthly Archives For May 2018
China’s Shifting Economic Policy Has Big Investing Ramifications
Notably, Guo Shuqing, the Chairman and Party Secretary of the newly formed China Banking and Insurance Regulatory Commission, has also been appointed as the party secretary of the PBOC. Both Guo and new Central Bank…
China tightens regulation on private lending
An employee counts yuan banknotes at a bank in Huaibei, East China’s Anhui province, June 22, 2010. [Photo/Agencies] BEIJING – China will tighten regulation of the growing private lending market. Without official approval, no entities…
Clifford Beaumont – China to Announce Asset Management Regulations
TAIPEI, TAIWAN, May 03, 2018 /24-7PressRelease/ — A source close China’s central bank revealed that China will unveil new asset management industry regulations within the next week. Clifford Beaumont analysts say markets have been waiting…
The Latest: Trump wants China to cut trade deficit by $200B
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 6:25 p.m. The Trump administration wants China to reduce the trade deficit with the U.S. by $200 billion by the end of…
The wave of massive Chinese tech IPOs has begun
Smartphone maker Xiaomi filed this week to go public in Hong Kong in what’s expected to be the world’s biggest IPO since 2014. It is one of several major Chinese tech companies that could make…
Beijing Inspiry Technology promotes self-service QR code payment solutions in Singapore
Leading-edge QR code payment solutions that are popular in China now enter Southeast Asia SINGAPORE, May 4, 2018 /PRNewswire/ — On May 4, 2018, Beijing Inspiry Technology Co., Ltd., one of China’s leading mobile payment…
The Latest: China says US side to raise ZTE case with Trump
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 4:45 p.m. China’s Commerce Ministry says U.S. officials have agreed at trade talks to raise China’s objections to sanctions levelled against Chinese…
China says ‘big differences’ with US remain after talks
But it said “big differences” remain on some matters. The Commerce Ministry said the two sides discussed expanding U.S. exports to China, trade in services, the protection of intellectual property rights and how to resolve…
Trump praises China’s Xi as trade talks begin in Beijing
BEIJING (Reuters) – U.S. President Donald Trump on Thursday … As Mnuchin arrived, Trump tweeted: “Our great financial team is in China trying to negotiate a level playing field on trade! I look forward to…
66 Chinese enterprises now in world’s 500 most valuable brands
According to the report, Global 500 2018, 22 of the 66 Chinese brands are placed in the top 100. The number of China’s trademark registration applications has grown 83% year on year, up to 1.5…
Tinker, tailor, robot maker: In China, trade war threat casts long shadow
China’s major ports of entry have increased checks on fresh fruit imports from the United States, five Chinese industry sources told Reuters. In the meantime, manufacturers are watching developments nervously. “The trade sanctions between China…
BRIEF-Tongyu Communication Wins China Unicom’s Bid For 214.5 Million Yuan
May 4 (Reuters) – Tongyu Communication Inc: * SAYS IT WINS CHINA UNICOM’S BID FOR 214.5 MILLION YUAN ($33.80 million) Source text in Chinese: https://bit.ly/2jpPtyh Further company coverage: ($1 = 6.3453 Chinese yuan renminbi) (Reporting…
