After meeting expectations earlier in the year, the reference rate used by the People’s Bank of China to manage the yuan has come in stronger than the forecasts of four banks who regularly track the…
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Banking regulators vow to eliminate secondary risks
BEIJING – To strike a balance between financial stability, gradual deleveraging and stable economic growth, China’s banking regulators have rolled out a slew of measures. Authorities have said the country will continue to implement a…
Chanos Says More Stresses Apparent at 'Loaned Up' Chinese Banks
Stresses in China’s banking system are becoming more apparent amid the mounting pile of credit extended by the nation’s lenders, according to Jim Chanos, the hedge fund manager who predicted the 2001 collapse of Enron…
China: Central bank establishes new fintech committee
THE People’s Bank of China has established a new fintech committee to study the impact of financial technology on monetary policy, financial markets, payment and clearing mechanisms. The bank announced the plans on Monday, saying…
China, Japan extract 'combustible ice' from seafloor
The official Chinese news agency Xinhua reported that the fuel was successfully mined by a drilling rig operating in the South China Sea on Thursday. Chinese Minister of Land and Resources Jiang Daming declared the…
China Mobile 4G subscriber base reaches 573.33 mn in April 2017
China Mobile said its 4G subscriber base reached 573.331 million in April 2017 as compared with 568.074 million in March 2017. The total subscriber base of China Mobile was 859.947 million in April 2017 from…
Is China unstoppable in the South China Sea?
Hong Kong (CNN)Manila and Beijing are to hold direct talks on the South China Sea for the first time Friday, a move that may strengthen Beijing’s hand in the festering dispute. By agreeing to bilateral…
China proposes law to codify investigations of foreigners
The moves have sparked concern from the U.S. government and human rights groups that say the new powers could be used to suppress political dissent, silence foreign organizations working in China and force technology companies…
China Rapid Finance’s U.S. IPO Has Been Less Than Stellar
Chinese marketplace lenders do not enjoy a stellar reputation in the world market, but the sheer size of the market renders it virtually impossible to ignore them. According to one report, there are 2,000 active…
China’s Strength and Its Shopping Lift Alibaba’s Results
But there are challenges. The results show Alibaba has a long way to go before it can diversify its business amid expectations that even China’s online sales boom has its limits. And Alibaba is increasingly…
Biometric Tech Used to Secure Women’s Dorm at Beijing University
Beijing Normal University is using biometrics to regulate access to a women’s dormitory, reports The Telegraph. The system has made entry to the facility fully automated, granting access to registered students based on facial and…
Beijing, Tianjin and Hebei act on realty speculation
The Beijing, Tianjin and Hebei governments are teaming up to intervene and stop speculation in the real estate market, senior officials said. Tongzhou district, Beijing’s subsidiary administration center, is forming a realty regulation enforcement alliance…
Trade groups appeal to Beijing to postpone cybersecurity law
BEIJING (AP) — A coalition of 54 global business groups appealed to Chinese authorities Monday to postpone enforcing a cybersecurity law they warned violates Beijing’s free-trade pledges and might harm information security. The appeal by…
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