Two faces press against a glass case, mobile phones raised. The object of their interest looks like a single succulent piece of braised pork purloined from the museum cafe downstairs. Closer inspectio… ( read original…
Monthly Archives For February 2019
Bank Programmer Steals $1M Using ATM Flaw
If your name is Qin Qisheng and you work for Huaxia Bank in Beijing, you spend a year taking full advantage of that loophole to withdraw over $1 million in cash. As the South China…
Trump Taps Global-Order Critic Malpass to Lead World Bank
He has pushed the World Bank to lend less to China, arguing the world’s second-biggest economy has the financial resources to support itself, and has criticized Beijing for not moving fast enough to o… (…
Bank employee used ATM loophole to score $1M in ‘free’ cash
Qisheng, 43, had been working for Huaxia Bank in Beijing when he realized in 2016 that cash withdrawals made around midnight were not recorded, the news outlet reported. So in November of that … (…
China January new bank loans seen surging as PBOC keeps liquidity taps open: Reuters poll
BEIJING (Reuters) – New bank loans in China are expected to have surged to a one-year high in the first month of 2019, a Reuters poll showed, as authorities continued to spur commercial lenders to…
Trump Will Nominate David Malpass as New World Bank Chief, Source Says
He has pushed the World Bank to lend less to China, arguing the Asian nation has the financial resources to support itself, and has criticized Beijing for not moving fast enough to open up its…
China’s inter-bank payment system passes severe test on Lunar New Year’s eve
BEIJING, Feb. 5 — China’s inter-bank payment and settlement system passed a tough test on Lunar New Year’s eve as the Chinese zealously snatched lucky money in virtual red envelopes for good fortune. … (…
Trump will nominate David Malpass as new World Bank chief
He has pushed the World Bank to lend less to China, arguing the Asian nation has the financial resources to support itself, and has criticised Beijing for not moving fast enough to open up its…
Chinese bank techie finds ATM flaw that lets him withdraw $1 million
In a turn of events no lesser than a Hollywood flick, a senior programmer with a Chinese bank managed to dupe the company of $1 million USD over a period of two years. Qin Qinsheng…
China’s OBOR initiative a global security challenge: European experts
She observed that a huge challenge facing China would be the need to provide legal certainty for business, while also maintaining its political oversight of the judiciary. Andrew Small, Senior Transat… ( read original story…
China Mobile Wallet and Payment Market Opportunities Databook 2019 – Market Size and Forecast across 45+ Market Segments – ResearchAndMarkets.com
The “China Mobile Wallet and Payment Market Opportunities (Databook Series) – Market Size and Forecast across 45+ Market Segments” report has been added to ResearchAndMarkets.com’s offering. The mobil… ( read original story …)
Yanxi Palace: Why China turned against its most popular show
It was one of China’s most popular shows of 2018 – but it’s now being … authorities were as little pleased with the online debate as with the series itself. One post, by online news…
If China orders international students home, some Canadian schools face money trouble: agency
OTTAWA — Moody’s Investors Services says three of Canada’s biggest universities would face a cash crunch if Canada’s diplomatic row with China results in the world’s most populous nation … ( read original story …)
