As technology heralds the future of the finance industry, transaction banks are facing increasing competition from non-traditional providers, such as fintech companies. Supply chain finance has become a battlefield in China amid recovering global trade.…
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China to Open More Sectors to Foreign Investors
China will further open its economy to foreign investors, through measures such as allowing investment in more industries, such as services, state television said on Tuesday, citing a reform group meeting chaired by President Xi…
China’s LeEco to slash U.S. jobs amid global pull-back: source
The person said the time frame for making the cuts was unclear, but that the plan was part of a strategy to pull back from global markets and focus on China and core units. “They…
Chinese banking regulator Yang Jiacai under investigation for suspected corruption
“Beijing is escalating its war against corruption in the financial sector as we see senior officials being purged from securities, insurance and banking regulatory bodies,” said Hu Xingdou, a professor of economics at Beijing Institute…
China broadens anti-graft drive to include a senior banking regulator
BEIJING A top official at China’s banking regulator is being investigated for suspected disciplinary violations, the country’s top anti-graft body said, broadening the country’s anti-corruption drive to include more financial supervisors. Yang Jiacai, the ……
Qualcomm, China Mobile Research Institute and Mobike Plan to Commence First of its Kind LTE IoT Multimode Field Trials in China
— Qualcomm Technologies’ MDM9206 LTE Modem Supporting Global Multimode Capabilities (eMTC/NB-IoT/GSM) Supports Mobility, Enhanced Connectivity and low Power Consumption for IoT Applications such as Mobike’s Smart Bikes — BEIJING/PRNewswire/ — Qualcomm … ( read original…
Global And China Mobile Game Handle Market Research Report 2017
The Global And China Mobile Game Handle Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Mobile Game Handle industry. Firstly, the report provides a basic overview…
China Merchants Bank: Six Reasons Why This Analyst Sees 80% Upside
Shares of China Merchants Bank (3968.HK) have gained 28% this year and trade at a premium to those of China’s big four state-owned banks. But one analyst sees a lot more upside for the stock.…
China’s Shadow Banking Has A Destabilizing Potential And The Government May Tip The Scales
The shadow banking system is estimated at some $4 trillion. Government targeting the banking system and very well be the reason the banking system falters. Measures the government has taken are already pushing interest rates…
China’s Crackdown on Financing Takes Toll
China could be setting the stage for another boom-and-bust economic cycle as a result of the government’s campaign to curb financial risks. Regulators have been sending chilling messages on credit policies to the banking and…
Monetary policy adjustments is a trial and error process: China central bank advisor
HONG KONG China’s central bank will continue to implement reasonable adjustments to monetary policy while keeping it neutral with a tightening bias, People’s Bank of China (PBOC) advisor Sheng Songcheng said. The central bank will…
Big banks’ profitability on the mend
Industrial and Commercial Bank of China Ltd, the world’s largest lender by assets, reported net profit of 75.8 billion yuan ($11 billion) in the first quarter, up by 1.5 percent year-on-year, according to the bank’s…
China stocks mixed, concerns over policy tightening linger; Hong Kong up
An advisor with the People’s Bank of China (PBOC) said the central bank will continue to implement reasonable adjustments to monetary policy. “If it went tight, it would be loosened a bit. The central bank…
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