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…
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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…
China’s more open capital markets will aid its rise as a global financial hub
After a painful defeat by the Kuomintang in 1934, Mao Zedong ( 毛澤東) led the People’s Liberation Army on a series of marches across 9,000km of the Chinese hinterland. The journey would be called the…
China’s 28tr yuan of wealth management products under mounting stress in second half, analysts say
Wealth management products in China used to be a magical option for investors … at least for the banks that have bought into products issued by other financial institutions, analysts say. “Banks usually assume their…
China yuan loans rise, but credit slows
A senior banking regulator said last month that China’s recent steps to control financial risks have gained traction, as some riskier businesses carried out by banks have been contained. The People’s Bank of China switched…
UPDATE 1-China June new yuan loans rise, but credit growth seen slowing
A senior banking regulator said last month that China’s recent steps to control financial risks have gained traction as some riskier businesses carried out by banks have been contained. The People’s Bank of China switched…
Exclusive: Ant Financial refiles for U.S. approval of MoneyGram deal – sources
(Reuters) – Ant Financial, the affiliate of China’s Alibaba Group Holding Ltd (BABA.N) that agreed to buy money transfer company MoneyGram International Inc (MGI.O) for $1.2 billion, has resubmitted the deal for U.S. review, people…
China trial paves way for ‘unhackable’ communications network
The local government of Jinan, a city in eastern China, told the Financial Times on Monday that its departments would begin using the network by the end of August. “We plan to use the network…
The Fairfield by Marriott Brand Premieres In China With Fairfield by Marriott …
Marriott International and Dossen International Group signed an exclusive development agreement to bring the Fairfield by Marriott brand to mainland China in September 2016. The partnership targets aggressive growth in different cities across China in…
China’s $800 Billion Sovereign Wealth Fund Seeks More U.S. Access
BEIJING — China’s sovereign wealth fund is looking at big bets in America. But the $800 billion investment behemoth said on Tuesday it faced an obstacle: the United States government. The fund, the China Investment…
Apple sets up China data center to meet new cyber-security rules
BEIJING (Reuters) – Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month.…
China Is Using Facial Recognition to Nab Jaywalkers; Investors Get Interested
SHANGHAI—A Chinese startup that sells facial recognition systems to police forces secured venture-capital funding that values it at more than $1.5 billion, underscoring the sector’s emergence as one of technology’s hottest areas of interest. (…
There’s a strange accounting trick behind one of China’s largest property deals ever
Major Chinese conglomerate Dalian Wanda is selling a bunch of its theme parks and hotels for $9.3 billion to Sunac, a Chinese property developer. That is projected to be the one of the largest Chinese…
