SHANGHAI (Reuters) – China’s central bank has moved to restrict the issuance of negotiable certificates of deposit (NCDs) this year, two sources with knowledge of the matter said on Friday, as the government intensifies its…
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China Fails to Woo U.S. With Financial Sector Opening
Now that the dust has settled, one thing is clear: President Donald Trump’s visit to Asia in November served as a milestone in the increasingly rapid transfer of power from the U.S. to China. President…
China promises to ‘deal seriously’ with violators of U.N. sanctions on North Korea
“If it is confirmed through investigation there are violations of Security Council resolutions, China will deal seriously with them in accordance with laws and regulations,” Geng said at a regular news briefing. Beijing, which accounts…
China offers 10-year visas to ‘high end talent’
China is issuing long-term visas to lure highly skilled people from abroad to work in the country. The multi-entry visas will be valid for between five and 10 years, according to state media. Technology leaders,…
China Bans Sales Of Fuel Inefficient Cars
Deutsche Welle quoted spokesmen for VW and Daimler as adding that all the vehicles they currently produced were in compliance with China’s standards. Most of the news coming from China right now has been positive…
China Brings an End to Its Ivory Trade
Around one year ago, China announced that it would bring an end to its ivory … carving workshops and retail agencies before New Year’s, according to the Xinhua news agency. Another 67 outlets were closed…
China Property Bonds Seen Facing Highest Default Risk in ’18
IOB’s Decision To Set-Off Losses Is An “Unusual”Accounting Move Says Veteran Auditor Bajaj Vs Bajaj: The Tale Of Two Brothers Half Of India’s Listed Government Banks Now Under RBI’s Watch Get Ready For A Global…
Legislature’s finance committee ‘castrating itself’ with proposed rule change mechanism, says lawmaker
Pro-Beijing lawmaker Michael Tien suggested that motions to change … Disallowing discussions at the finance committee of items already passed by the Public Works Subcommittee and the Establishment Subcommittee unless lawmakers allow them. ( read…
Wanda Vista Beijing Grand Opening
BEIJING, Jan. 5, 2018 /PRNewswire/ — Wanda Vista Beijing (formerly Sofitel Wanda Beijing) officially opened on January 1, 2018, as the 19 th Wanda Vista branded hotel. Wanda Vista Beijing strives to deliver an unrivaled…
China won’t be prioritizing growth this year, economist says
China’s fears of a financial crisis will spur Beijing to keep the country’s growth target in check, a widely followed China expert said Friday. “Their top priority is to prevent a financial crisis, so the…
Consumer loan securitization boom put on hold as China clamps down on leverage
Many of China’s largest internet and technology companies have issued securities backed by micro-loans. Ant Financial Services Group, an affiliate of Alibaba Group Holding BABA.N, dominates the market and the finance arms of JD.com Inc…
Beijing provides subsidies to kindergartens after child abuse case
The Beijing municipal government will start providing financial subsidies to kindergartens this year in efforts to improve services without raising fees. The municipal government said Wednesday that it would provide 1,000 yuan (154 US dollars)…
Ant Financial drops MoneyGram deal as US approval fails
BEIJING (AFP) – Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in…
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