SHANGHAI/BEIJING (Reuters) – The banking regulator in Shanghai, China’s commercial capital, has told commercial banks to “strictly control” acquisition loans for financing property development projects, two sources with direct knowledge of the matter … (…
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People’s Bank of China issues commemorative 10-yuan coins
(Xinhua/Zhang Bo) A bank clerk displays commemorative coins for the Year of the Dog in Beijing, capital of China, Feb.2, 2018. The People’s Bank of China issued commemorative 10-yuan coins on Friday. (Xinhua/Zhang Yuwei) Photo…
China central bank asks EU to reconsider thresholds for bank supervision requirements
BEIJING (Reuters) – China’s central bank on Tuesday asked the European Union authorities to reconsider proposed rules that require foreign banks to set up parent holding companies for supervisory purposes, if they have assets of…
China carries out first run of unmanned vessel as it seeks to boost maritime security
China has conducted the first run of an unmanned surface vehicle in its latest move to build up a blue-water navy that can support its maritime security. Military mouthpiece the People’s Liberation Army Daily reported…
China: US Disrespects Latin American Countries
He also attacked China’s state-led development model arguing it “is reminiscent of the past,” adding “it doesn’t have to be this hemisphere’s future.” China’s Foreign Ministry defended its economic ties with the region claiming they…
LG Quits the Chinese Smartphone Market, Blames Tough Competition From Local Brands
Now, the latest news from China confirmed the exit of LG from the Chinese smartphone … While LG remained stagnant in Europe, Huawei has grown to become one of the leading smartphone brands. In most…
China wants local investors to have a share of the success of its US-listed tech giants
China’s market regulator is looking into ways to enable domestic investors to trade shares in US-listed Chinese tech firms, as the country looks to spread the benefits of the global success of companies such as…
Chinese retailers are eschewing the 2018 IPO boom to go private. Here’s why
When Chinese footwear retailers Belle International and Pou Sheng International (Holdings), and department store chain Intime Retail Group listed on the Hong Kong stock market years ago, they were riding on a rebound spurred by…
Buffett already ‘god of stocks’ in China, has $100 billion reason to invest more there
Six years ago Warren Buffett played the ukulele on CCTV during the Chinese New Year, endearing himself to hundreds of millions of viewers in China. With the Chinese New Year approaching again, the celebrity of…
China’s village people fast to adopt mobile payments
With the growth of popular mobile payment services, consumers and businesses in hundreds of thousands of villages across China are embracing a new era of convenient, cashless transactions. For orange orchard owner Fang Zhi, who…
China’s migrant children dilemma
The boy was feted by news media and even flown to Beijing for a three-day visit last month. The trip was sponsored by a Chinese Communist Party propaganda website, China Peace. While the boy was…
One-child policy: A look inside the struggles and benefits of China’s ‘little emperor’ generation
I remember growing up and being told by my mother over and over again that I was her “only hope”. China’s one-child policy was introduced in 1979 to control population growth There were exemptions to…
Dutch firm finds sweet spot despite property restrictions
An employee selects paint from a stack at AkzoNobel NV’s paint factory in Ashington, the United Kingdom. Provided to CHINA DAILY Global paints and coatings company AkzoNobel said it expects its business growth in the…
