BEIJING China’s banking regulator may be getting serious about how lenders provision for the more than 20 trillion yuan ($2.9 trillion) of wealth management products (WMPs) that have been issued as non-guaranteed off-balance sheet liabilities.…
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CSIS warns Moscow, Beijing out to steal Canada's most prized secrets
OTTAWA — Canada’s spy agency is openly warning that Russia and China are out to steal the country’s most prized secrets. The Canadian Security Intelligence Service, which rarely identifies security threats by name, makes the…
China Finance Online Co. (JRJC) Cut to “Hold” at TheStreet
China Finance Online Co. (NASDAQ:JRJC) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Tuesday. Shares of China Finance Online (NASDAQ:JRJC) traded up…
China will defend WTO rights if Trump moves on tariffs: official
WASHINGTON (Reuters) – China will defend its rights under World Trade Organization tariff rules if U.S. President-elect Donald Trump moves toward executing his campaign threats to levy punitive duties on goods made in China, a…
How Apple lost China
“Business has been perfect, actually never been better … Apple Inc. and Samsung Electronics Co. Working with the local stores that dominate sales in China’s far-flung provinces, Oppo and Vivo came out of nowhere to…
Cooling growth pulls China's yuan down to third place in global trade finance: SWIFT
HONG KONG China’s yuan slipped one place to the third most-active currency for global trade finance, overtaken by the euro, partly due to slowing growth in the world’s second-biggest economy, global transaction service provider SWIFT…
Crown Resorts staff held in China are formally arrested
Casino gambling, and promoting gambling abroad, are illegal in mainland China. Foreign Minster Julie Bishop said … it sees wealthy Chinese gamblers as an important part of their business. High rollers, known as VIPs, gambled…
China rebuffs Trump threat to take steps to win trade edge
WASHINGTON — China is pushing back against President-elect Donald Trump’s threat to use sanctions to win back a competitive trade advantage for the United States. On the campaign trail, Trump pledged to act on his…
How Apple lost China to two unknown local smartphone makers
Today, Vivo sells more than twice as many devices in China as Apple. Photo: Bloomberg “That’s why I like to introduce the Oppo R9 Plus to potential customers,” she said. “Business has been perfect, actually…
S'pore-China ties: progressing with the times
SINCE 2010, the Business China Awards has honoured exemplary individuals or organisations for their significant contributions to Singapore-China relations. This year’s Business China Excellence Award celebrates an individual who through his work enabled … (…
China Eastern business booms with new boomerang routes
China Eastern Airlines (CEA) business is booming with major new flight announcements heralding their commitment to the Australian market. The announcements coincide with the airlines 60th anniversary and 20 successful years of non-stop flights between…
China confirms charges against 3 Australian casino employees
BEIJING — China confirmed Wednesday it will prosecute three Australian casino employees who were detained last month on suspicion of violating strict Chinese gambling regulations. The three employees of Crown Resorts Ltd. were formally arrested…
Facebook builds censorship tool to attain China re-entry: NYT
(Reuters) – Facebook Inc has quietly developed a censorship tool that could persuade China to allow the world’s biggest social media network to re-enter the world’s second largest economy after a seven-year ban, the New…
