BEIJING (Reuters) – Companies or individuals cannot refuse or discriminate against cash payments, China’s central bank said on Friday, but stressed the rules won’t apply to online payments and unmanne… ( read original story …)
Monthly Archives For July 2018
China June new loans jump to 1.84 trillion yuan, above forecasts
China’s banks extended a record 13.53 trillion yuan in new loans last year. Broad M2 money supply grew 8.0 percent in June from a year earlier, central bank data showed on Friday, missing forecasts fo……
China central bank requires non-banking payment firms to report large transactions from 2019
BEIJING, July 13 (Reuters) – China’s central bank issued a notice on Friday asking non-banking payment firms to report large transactions from the beginning of next year, as it steps up its monitoring … (…
China Merchants Bank to better serve enterprises
A client uses the China Merchants Bank app on his smartphone in Ji’nan, East China’s Shandong province, Dec 20, 2017. [Photo/IC] China Merchants Bank Co Ltd will commit to improving its service to ent… (…
Bank of East Asia : BEA China Becomes the First Foreign Bank to Receive Approval to Open a Full Branch in Qianhai, Shenzhen
Hong Kong, 13th July, 2018-The Bank of East Asia, Limited (“BEA”) today announces that its wholly-owned subsidiary in Mainland China, The Bank of East Asia (China) Limited (“BEA China”), has received … ( read original…
Citigroup plans China desk in India
Citigroup will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia Pacific corporate banking head said, as concerns grow abo……
5G mobile communication in China: From imitator to innovator
As the largest emerging market, China achieved remarkable development in its mobile communications industry in the past two decades. By February 2018, the total number of mobile users in the Chinese m… ( read original…
China’s record trade surplus with U.S. risks further inflaming trade tensions
China’s foreign trade faces risks of slowing in the second half of the year, General Administration of Customs spokesman Huang Songping told a news conference, though he said Beijing was capable of ha… ( read…
China’s June trade with North Korea falls by more than half
China’s imports from North Korea plunged 92.6 percent in June … a customs agency spokesman, Huang Songping, said at a news conference. He gave no financial totals. The trade curbs have remained in p… (…
Apple launches $300 million green energy fund in China
SHANGHAI (Reuters) – Apple Inc (AAPL.O) will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects ……
Tim Hortons plans 1,500-store China expansion
Tim Hortons is betting that the iconic Canadian brand will resonate in China, as the coffee chain plans its biggest move yet in a two-year-old international expansion strategy that has seen it go to t……
Does President Trump’s Move Against China Mobile Even Matter?
The Trump Administration recently blocked China Mobile (NYSE: CHL), China’s top wireless carrier, from obtaining a FCC license to expand its operations into the United States. The company applied for … ( read original story…
Nokia inks €1 billion framework agreement with China Mobile
A new agreement, valued at €1 billion ($1.17 billion, £0.88 billion), has been signed that covers the delivery of Nokia products and services to China Mobile throughout 2018. The signing took place in … (…
