These are external links and will open in a new window Image caption Apple’s special-edition red iPhone 7 and 7plus launch in over 40 countries, including China, on Friday Apple’s latest iPhone might be red,…
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Australian prime minister won't choose between China and US
Australia does not have to choose between the United States and China, the Australian prime minister said Friday as he announced a new beef export deal with the Chinese. Prime Minister Malcolm Turnbull and Chinese…
Is China Deleveraging? Part I
Another metric, labeled “Depository Corporations claims on Non-Financial Institutions”, was up again, a modest 6.2% to 85 trillion. Time to pop the bubble China is deleveraging, right? Wrong — for obvious and non-obvious reasons. First,…
UPDATE 2-China Mobile's net profit holds up, raises dividend payout
* Net profit up 0.2 pct at 108.7 billion yuan * Revenue rises 6 pct to 708.4 billion * Final dividend raised 3.9 pct * Full-year payout ratio raised to 46 pct of profits *…
China's Tencent grabs 830m mobile payment users
GUANGZHOU — Chinese internet service giant Tencent Holdings now has more than 800 million people using its mobile payment services, having rapidly expanded by tapping the vast user base of its WeChat messaging app. All…
China central bank to strengthen management of mortgage loan risks in Beijing
BEIJING The People’s Bank of China (PBOC) will strictly check the source of down payments by individuals purchasing property in Beijing, the Beijing operations office of the Chinese central bank said in a statement on…
Canada gets approval to join controversial China-led infrastructure bank
OTTAWA—Canada has been approved to join a controversial new international infrastructure bank led by China. The Asian Infrastructure Investment Bank says Canada is among 13 applicants approved for membership in the bank by its board…
Exclusive: HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta
the heart of the bank’s growth strategy in China. If that target is hit, the new additions will mean HSBC will have hired twice as many people as it did last year for this part…
China central bank urges tighter mortgage checks, no fake divorces
BEIJING (Reuters) – China’s central bank, wary of soaring property prices in Beijing, said on Friday that banks must strengthen mortgage risk management, and that includes cracking down on home buyers rushing to get divorced…
China to encourage financial innovation, control risks
vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. “In the context of putting more emphasis on defence against financial risks, we should continue to vigorously promote financial…
China’s big five banks to report 2016 earnings next week, here’s what to expect
The latest statistics by the China Banking Regulatory Commission released last month showed non-performing loan (NPL) ratio of commercial banks decreasing 0.02 percentage point to 1.74 percent by the end of 2016. Large NPL formation…
Moscow, Beijing draw closer in banking
Central Bank of Russia opens first overseas office in Beijing as part of ‘strategic partnership’ China and Russia will strengthen financial cooperation, especially in the fields of currency exchange, currency settlements and banking cooperation ……
China stocks rise for 2nd week as infrastructure spree offsets liquidity fears
SHANGHAI, March 24 China stocks rose on Friday as strong gains in the infrastructure sector offset concerns over tightening liquidity in the country’s banking system, increased regulation and fresh curbs on property investment. The blue-chip…
