“If the banking industry becomes a complete mess, as the chairman of the China Banking Regulatory Commission, I will resign!” There can be little doubt that this declaration, attributed to regulator Guo Shuqing, signals an…
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China central bank injects $73.4 bn of liquidity in April, 18 per cent less than March
BEIJING: China’s central bank injected 506.39 billion yuan ($73.43 billion) into the financial system via short- and medium-term liquidity tools in April, down 18 percent from the previous month, sigalling a bid to rein in…
Resource prices quiver amid China's financial crackdown
But he’d be prudent to keep a close watch on China’s latest clampdown on its huge shadow banking sector, which could be critically important for Australia’s medium-term growth prospects. In particular, Morrison should be keeping…
P2P Lender China Rapid Finance Jumps in Trading Debut
(Beijing) — Shares of peer-to-peer (P2P) lender China Rapid Finance jumped nearly 30% in their first two trading days, kicking off a wave of IPOs for a handful of Chinese financial technology companies aiming to…
China: US, N. Korea should establish contact, defuse crisis
The call for negotiations from China’s Foreign Ministry came after President Donald Trump opened the door to a possible future meeting with North Korea’s Kim Jong Un. Trump told Bloomberg News during an interview that…
China Mobile, ARM, Cavium and Enea Sign Agreement for Cooperation in China Mobile Open NFV Testlab
STOCKHOLM and SAN JOSÉ, California, May 02, 2017 /PRNewswire/ –China Mobile, ARM, Cavium and Enea® (NASDAQ OMX Nordic:ENEA) today announced an agreement on collaboration in the China Mobile Open NFV Testlab. The collaboration will use…
China banks hike lending rates for Beijing home buyers: sources
China CITIC Bank (601998.SS), Bank of Beijing (601169.SS) and China Merchants Bank (600036.SS) have also taken similar steps, according to the state-run newspaper. The banks didn’t immediately confirm the changes. China’s central bank didn’t immediately…
China tightens rules on online news, network providers
BEIJING China on Tuesday issued tighter rules for online news portals and network providers, the latest step in President Xi Jinping’s push to secure the internet and maintain strict party control over content. Xi has…
China welcomes ASEAN summit declaration on South China Sea
I think this accords with the interests of countries in the region,” Geng told a daily news briefing. “The relevant situation at this ASEAN summit again fully shows the positive changes in the South China…
The rumored detention of a Chinese exec with Kushner ties could mean upheaval for China's banking system
Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Every regulator is on the move.…
Trump blames China for campaign hacking, warns over North Korea
He said North Korea poses “a grave threat,” not just to the U.S. and its Asian allies, but also to China. Speaking on Fox News Sunday, McMaster said it is important “for all of us…
Lux uses AI for new campaign to reduce content integration risk
PHD China has developed a media strategy for Lux which incorporates AI technology into online video advertising, enabling effective and relevant brand content delivery while reducing the risks involved with media content integration. In the…
China Unicom Net Profit Up 79.3% In Q1 2017
China Unicom’s financial and operating statistics for the first quarter of 2017 shows that the company achieved revenue of CNY69.005 billion, a year-on-year decrease of 1.9%; and its net profit was CNY862 million, a year-on-year…
