It has been reported that Bank of China and HSBC will launch a blockchain-based housing mortgage service in Hong Kong. The new technology will certify and share the real-estate valuation information in seconds, which used…
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China may fully open investment banking sector
Wall Street banks may soon be able to establish wholly owned investment banking business on the mainland as China is reportedly considering fully opening the country’s investment banking sector. The China Securities Regulatory Commission has…
China forex reserves hit lowest value since 2011
The US$45.727 billion drop was the fourth consecutive monthly decline and took China’s overseas-currency warchest to US$3.121 trillion, according to the People’s Bank of China. The consumption of non-fossil energy must accounts for 15% of…
China c.bank to keep liquidity ample, curb asset bubbles
BEIJING Nov 8 China’s central bank said on Tuesday that it will maintain ample liquidity and achieve reasonable growth in money supply and credit, while taking steps to control asset bubbles and financial risk. The…
Russia, China, ISIS: Trump Will Face Foreign Policy Challenges
But many presidents end up being defined by their foreign policy decisions. Donald Trump’s first priority will be to deal with the challenges to American dominance posed by China and Russia. And, possibly, avoid war…
Tianjin chemical blast: China jails 49 for disaster
A Chinese court has handed a suspended death sentence to the head of a chemical factory for his role in blasts that killed 173 people last year. Ruihai Logistics chairman Yu Xuewei was also fined…
China Scales Back Solar, Wind Ambitions as Renewables Cool
China, the world’s biggest clean-energy investor, lowered its solar and wind power targets for 2020, a reflection of how record installations of renewables have overwhelmed the ability of the nation’s grid to absorb the new…
At least seven killed in explosions at power plant, factory in two cities in eastern China
Another nine were injured, but are not in a critical condition, it said. An ammonia tank at the power plant developed a leak prior to the blast, according to the China News Service. About 55…
China’s inflation rate creeps higher as food prices rise ahead of winter
China reported higher inflation last month as food prices rose ahead of the winter and producer prices jumped on a coal price rally, dampening expectations that the central bank might increase money supply to boost…
China well rescue: Race to reach boy trapped in Hebei
Many locals volunteered to help in the rescue, rushing to the scene after learning about the accident on WeChat, a popular communication app in China. Most netizens sent good wishes to the boy. “It was…
China Unicom tests ADVA G.metro WDM-PON for mobile fronthaul
ADVA Optical Networking says that China Unicom has completed a field trial of the company’s G.metro WDM-PON implementation in a mobile fronthaul network application. The test involved a prototype of WDM-PON system, which the Chinese…
China, Germany dent recovery hopes
China’s exports and imports fell more than expected in October … production fell at its fastest rate in more than two years in September. Reuters is the news and media division of Thomson Reuters. Thomson…
China and Russia draw closer with raft of deals covering nuclear power, energy and border co-operation
TASS news agency reported. The two sides expanded cooperation over energy, with Gazprom and Rosneft signing deals with their Chinese counterparts. China and Russia will also establish a joint commission to coordinate development in Russia’s…
