As if defusing the world’s biggest debt bomb while keeping economic growth humming wasn’t tough enough, Donald Trump’s shock election victory has just made the policy outlook even more complex for People’s Bank of China…
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Western Union Services Now Available at Bank of China Locations in All Provinces
BEIJING, Nov. 17, 2016 /PRNewswire/ — The Western Union Company, a leader in global payment services, today announced additional enrollment of over 6,700 Bank of China (BOC) locations into its retail network. BOC customers can…
China c.bank lends $43.96 bln via medium-term lending facility, rates unchanged
BEIJING Nov 16 China’s central bank said it lent 302 billion yuan ($43.96 billion) to 18 financial institutions via its medium-term lending facility (MLF) on Wednesday. Interest rates for the MLF loans were unchanged at…
UPDATE 2-China calls for new private bank to rejuvenate northeast
* At least one new regional bank to be set up by next June * Govt to correct negative, false reporting about northeast * Local govts tasked to develop private economy in the region *…
China’s tightened rules on wealth management products having little effect
China has made several moves this year to reduce the risks posed by opaque wealth management products (WMPs) – one of the main sources of income for the shadow banking industry. However, as many companies,…
China's Central Bank Unclear About Trump’s Real Trade, Economic Policies
The People’s Bank of China (PBOC), the country’s central bank, is uncertain of what Donald Trump’s trade policies truly are, considering the pronouncements made by the newly elected U.S. president during his campaign. For PBOC…
China Mobile Ltd. (CHL) Stake Decreased by Fulton Bank N.A.
Fulton Bank N.A. cut its stake in China Mobile Ltd. (NYSE:CHL) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 10,433 shares of the company’s stock after selling 455 shares during the…
China’s central bank recruits blockchain experts
China’s central bank is recruiting cryptocurrency and blockchain experts to explore the potential of distributed ledger technology in the financial sector. With digitization becoming an integral part of China’s financial system, Chinese authorities are ……
China Doubles Down on Internet Control Ahead of Conference
China’s leaders and official media are pushing for greater control of the internet and technology products as tensions surrounding a far-reaching Chinese cybersecurity law loom over a gathering this week of the world’s leading tech…
China tells Trump climate change is not a hoax and anyway America mentioned it first
China couldn’t have invented global warming as a hoax to harm U.S. competitiveness because it was Donald Trump’s Republican predecessors who started climate negotiations in the 1980s, China’s Vice Foreign Minister Liu Zhenmin said. U.S.…
China bans 'fatty' Kim Jong Un nickname on websites
It’s especially popular among young, irreverent Chinese who tend to look down on their country’s would-be ally. Relations between China and North Korea have been strained by the North’s nuclear weapons program, which China has…
Unswayed by public outcry, China executes villager who killed party chief with nail gun for revenge
On Tuesday, he was executed in the northern city of Shijiazhuang, the official state-run Xinhua news agency reported. Jia, who worked on construction sites, had become a popular symbol of the injustice faced by many…
China traffic dance video goes viral
A video showing a group of women dancing next to their cars in northern China has gone viral. The group apparently started dancing to pass the time while stuck for hours in a traffic jam.…
