BEIJING (Reuters) – Ant Financial Services Group … so we definitely want to have that capability,” Feagin said. Ant, which dominates China’s online payment market but has been ramping up investment overseas amid fierce rivalry…
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China following US path on its way to higher rates
In China, officials are concerned about rampant asset bubbles, fed by a gush of cheap, post-financial crisis cash that found its way to investments from stocks and bonds to artwork and real estate. The People’s…
China Art Financial Announces 2016 Annual Results
HONG KONG, Mar 17, 2017 – (ACN Newswire) – China Art Financial Holdings Limited (“China Art Financial” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1572.HK), the leading art finance service provider…
China planning to build 1st structure on disputed shoal in South China Sea
BEIJING – China plans to build the first permanent structure on a South China Sea shoal at the heart of a territorial dispute with the Philippines, in a move likely to renew concerns over Beijing’s…
A.M. Best Affirms Credit Ratings of Starr Property & Casualty Insurance (China) Company, Limited
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Starr Property & Casualty Insurance (China) Company, Limited (Starr China) (China). The outlook of these…
Beijing steps up battle against property market as prices start to rebound
BEIJING The Beijing municipal government announced new steps to rein in its booming housing market on Friday, raising the down payment requirement for second home purchases in the city to at least 60 percent from…
How China could stop a US strike on North Korea — without starting World War III
With the help of Stratfor’s Sim Tack, Business Insider detailed how such a strike would likely play out, but in the interest of keeping the article focused, we omitted a major player — China. Here’s…
China follows Fed, lifts rates
Beijing – China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan stable after the Federal Reserve raised US rates…
China, Saudi Arabia sign $65 billion in co-operation deals
BEIJING, China – Saudi Arabia’s King Salman met with China’s premier on Friday, a day after the two nations signed a memorandum of understanding on investment co-operation valued at $65 billion. The landmark agreement aims…
China re-brands Cold War nuclear bunker as tourist draw
It was a top-secret Chinese nuclear facility with a deadly Cold War mission — to make plutonium for an atomic bomb — but these days its doors are wide open as a tourist attraction. The…
China Means Business in Economic Challenge Over THAAD
As anti-Korean sentiment in China grows stronger, Seoul appears to have few options at the moment to try and limit the impact on trade relations. Tension flared early this month after South Korea began deploying…
Blackmores marketing material slammed in China on Consumer Rights Day
Vitamin company Blackmores has been publicly shamed on China’s annual Consumer Rights Day for violating the Chinese government’s strict “truth in advertising” laws. Blackmores was fined approximately $69,000 for claiming online and in stores that…
Hoping to boost trade, PM heads to China with largest-ever business delegation
Prime Minister Benjamin Netanyahu is set to take five ministers and the largest-ever Israeli business delegation to Beijing early next week on a three-day visit marking 25 years since Israel and China established diplomatic relations.…
