BEIJING, July 12 (Xinhua) — With resumed cash injection into the market, China’s central bank has sent a clear signal of maintaining stable liquidity, dispelling concerns about monetary tightening. The People’s Bank of China (PBOC)…
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Auckland traffic “as bad as Beijing”
says Auckland transport needs could give the comparatively recent arrival in New Zealand banking an “unparalleled opportunity to grow”. “I am surprised the traffic jams in Auckland are as severe as Beijing,” he says. “People…
UPDATE 1-China’s shadow banking lacks sufficient regulation -c.bank
BEIJING, July 4 (Reuters) – China’s central bank said on Tuesday the shadow banking sector lacks sufficient regulation and the bank would give more prominence to financial risk controls. Compared with traditional bank lending, the…
China central bank adviser calls for zombie company clean-up fund
Beijing may currently favour megamergers when it comes to reform of state-owned enterprises, but at least one central bank adviser is suggesting a different approach to dealing with China’s lossmaking zombie companies. “Placement of employees…
Hong Kong, China most at risk of financial crisis within next three years, bank warns
Hong Kong and mainland China are the most vulnerable economies at risk of a financial crisis over the next three years as over 40 out of 60 economic indicators are sending alarm signals, including runaway…
KFC China releasing Colonel-themed smartphone
It’s starting to seem like the KFC restaurants in China aren’t really interested in serving chicken. “Both brands have witnessed the rise of China in these 30 years, and both embody the spirit of the…
Tightening Its Grip On Hong Kong, China Could Kill Its Golden Goose
It is now abundantly clear that Beijing does not intend to provide full democracy for the people of Hong Kong, and that the handover treaty isn’t even worth the paper its is signed on. China’s…
Apple Opens Data Center in China to Comply With Cybersecurity Law
For example, a government plan called Made in China 2025 names several industries, like robotics and electric cars, in which it hopes its companies will become leaders. Foreign business groups have said the laws unfairly…
China’s New VPN Clampdown Hurts Business, U.S. Group Says
China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain…
China Mobile and ZTE take another small step towards 5G
China Mobile and ZTE have announced (yet) another partnership which takes the pair one (small) step closer to the world of 5G. The partnership itself will focus around the development of Massive MIMO base stations…
18 drinks China can’t live without
“There are some different brands of rice wine in the supermarket, but rice wine isn’t common in restaurants.” Try it at: During the Dongzhi festival (also known as the “arrival of winter”) and at street…
China Is One Step Closer to Becoming a Cash-Free Utopia
In April, Ant Financial, Alipay’s parent company, teamed up with U.N. Environment and other partners to launch the International Cashless Alliance in Hangzhou. Part of an ambitious plan to help advance China into a cashless…
China Shows It Can Clean Up Credit Without Killing Off Growth
PBOC says less off-balance sheet lending has impacted M2 Credit’s still going to economy as new loan pace increases China’s monetary authorities are attempting a feat that would test the world’s best financial overseers: Damping…
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