China’s yuan was stable in early onshore trading following Friday’s surge, as the central bank signaled that it’s taking action to support the currency through its daily fixing. Starting this month, b… ( read original…
Monthly Archives For August 2018
Ant and UN body partner for African financial inclusion
A mascot of Ant Financial is seen at its office in Hangzhou, East China’s Zhejiang province, Sept 21, 2016. [Photo/Agencies] ADDIS ABABA – The United Nations Economic Commission for Africa has forged … ( read…
China says will fend off internet finance risks
BEIJING (Reuters) – China’s state council committee said on Monday it would fend off financial risks in areas including online finance and listed firms’ stock collateral loans. In a post following a m… ( read…
China says cracking down on transport sector after Didi murder
BEIJING (Reuters) – China will crack down on dishonest and illegal conduct in the transportation sector, a government agency said on Monday, two days after police said a Didi Chuxing passenger was rap… ( read…
China advised to create drug brands
China should invest more in researching and developing new drugs, as well as intellectual property protection, even though generic versions of existing brand-name drugs can bring short-term benefits, … ( read original story …)
China’s Best-Performing Bank Stock May Have More Room to Rise
President Xi Jinping’s push to spur lending in his economy stands to benefit Postal Savings Bank of China Ltd., whose ubiquitous green-fronted outlets have been luring deposits across the nation. This … ( read original…
China’s Alibaba, Tencent Bar Cryptocurrency Transactions on WeChat Pay, AliPay
In a move that will likely make it even harder for cryptocurrency aficionados to trade Bitcoin and its ilk in China, the mobile payments titans of the country have barred crypto-related transactions. … ( read…
China injects $22bn into banking system through loans
The People’s Bank of China injected Rmb149bn ($22bn) into the banking system through loans to commercial banks on Friday, the government’s latest move to encourage stronger credit flows to companies a… ( read original story…
Week In Review: 3 More China Biopharmas Planning Hong Kong IPOs
Mabpharm Limited, a Taizhou biotech, will IPO in Hong Kong, the eleventh pre-revenue China biopharma to be approved to list there. Mabpharm is developing a portfolio of nine biosimilars, which it hope… ( read original…
China’s Didi suspends Hitch ride-sharing service after passenger killed
China’s official Xinhua News agency criticized Didi for not doing more to prevent such incidents and said the company should face legal punishment if it failed to put customer’s safety first. Didi has … (…
China’s Didi suspends Hitch ride-sharing service after female passenger killed
Didi should be punished if it fails to put customers safety first, China’s official Xinhua News agency said in a commentary on Sunday. Didi has increased its safety measures for Hitch after the murder ……
China Mobile Ltd. (CHL) Stake Boosted by OMERS ADMINISTRATION Corp
OMERS ADMINISTRATION Corp raised its holdings in shares of China Mobile Ltd. (NYSE:CHL) by 244.6% during the second quarter, according to the company in its most recent disclosure with the Securities … ( read original…
China’s Didi suspends Hitch service nationwide after female passenger killed
BEIJING (Reuters) – China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passen… ( read original story…
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