Haitong International Securities Group Ltd., a unit of China’s second-largest brokerage, plans to add about 100 jobs in Hong Kong as it seeks to draw more of the nation’s growing ranks of multi-millionaires to its…
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China’s debt mountain: The uphill march ahead
China’s sizeable debt continues to be a major bugbear for the investment community. Lack of clear and definite policy action to address this issue have triggered fears of a potential banking crisis. While such worries…
Chinese central bank drains liquidity from market
China’s central bank drained liquidity from the financial system as it suspended open market operations Friday due to a fiscal spending increase. As rising fiscal spending near the end of month has offset maturing reverse…
MICROCAPITAL BRIEF: Peer-to-peer Lender HuaXia Finance of China Launches Escrow Services with Ping An Bank
HuaXia Finance, an online peer-to-peer lender in China, recently began holding customer funds at Ping An Bank, a Chinese bank, under a “formal online banking depository management system” in order to comply with tightened requirements…
What China Ban? Cryptocurrency Market Cap Rebounding
China’s central bank banned ICOs on Sept. 4 and later banned all bitcoin exchanges from operating in the country. China’s ban is likely temporary. The U.S. and Japan are quickly moving to create rules that…
PH, China thresh out $200-m bPanda bonds
Dominguez said in a statement the government was in talks with the Chinese central bank (People’s Bank of China) and the Bank of China. “The Panda bond market is regulated by China’s central bank, PBOC.…
Beijing unveils vision for ‘downsized’, liveable city with cleaner air
Beijing is to be “downsized” and its population capped as the government tries to turn China’s sprawling, overcrowded capital into a liveable, international city with cleaner air. The government promises air quality in the city…
Beijing gets closer to nature with this futuristic complex
An incredible new development in Beijing’s central business district is nearing completion. Comprising a series of multi-purpose buildings inspired by the country’s mountains and sea, Chaoyang Park Plaza – by MAD Architects – will offer…
Beijing Residents Await Saturday’s Shared-Housing Lottery Draw
(Beijing) — The good news: The wait is nearly over for more than 12,000 families in Beijing, who will find out tomorrow if they’ve been chosen in a lottery system allowing them to purchase a…
Beijing Takes Dose of Decongestant
Beijing is determined to reduce its population and commercial development in the coming years in order to cure its so-called “big city illness,” the municipal government said on Friday. As China’s capital has been suffering…
Seesaw US-China ties on an upswing as Trump plans trip to Beijing
WASHINGTON DC: The often difficult relations between the world’s greatest powers, China and the United States, appear to be improving again as the pair work to resolve the North Korea nuclear standoff. Washington, and in…
NVIDIA Builds On AI Success At GTC Beijing
Jensen Huang, the CEO of NVIDIA, will not willingly cede the leadership position in deep neural net acceleration to anyone, not even Google and Microsoft. NVIDIA GPUs have been on the forefront of accelerated neural…
Beijing residents mourn loss of cheap shopping as wholesale markets close
BEIJING — It looks like Lunar New Year has come early to Beijing, as locals scrambling for discounts at dozens of migrant-run wholesale markets scattered around the city. But this buying frenzy has actually been…
