LONDON/FRANKFURT (Reuters) – Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the…
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Chinese banks eye bid for Germany’s DVB Bank: sources
London/Frankfurt: Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter say.…
China central bank skips open market operations for 12th consecutive working day
China’s central bank suspended open market operations for the 12th consecutive working day Friday to maintain stable liquidity in the banking system. Liquidity in the banking system was at a “relatively high level,” the People’s…
China’s central bank releases nearly 2 trillion yuan in temporary liquidity
China’s central bank said on Friday that it has released temporary liquidity worth almost 2 trillion yuan ($316.28 billion) to satisfy cash demand before the long Lunar New Year holidays. The People’s Bank of China…
Ant Financial plans equity fundraising at potential US$100 billion valuation
China’s Ant Financial Services Group is planning to raise up to US$5 billion in fresh equity that could value the online payments giant at more than US$100 billion, people familiar with the move said. A…
Parametric Portfolio Associates Maintains Position in China Mobile Hong Kong …
Parametric Portfolio Associates Llc increased its stake in China Mobile Hong Kong Ltd Sponsored Adr (CHL) by 8.73% based on its latest 2017Q3 regulatory filing with the SEC. Parametric Portfolio Associates Llc bought 41,511 shares…
Chinese oil drilling firm Cosl looks to technology to help transformation drive
China Oilfield Services Ltd (Cosl), the nation’s dominant offshore drilling services provider and sister firm of oil major CNOOC, aims to shed its image as an equipment-driven business to become more of a “technology-heavy” company,…
China’s Tencent to invest $474 million in Shanda Games
BEIJING/SHANGHAI (Reuters) – China’s Tencent Holdings Ltd will invest 3 billion yuan ($474 million) in smaller peer Shanda Games, the target firm said in a statement to Reuters on Friday, a move that will boost…
Technology-enabled Insurance. What Chinese InsurTech Startup CEOs have shared in the InsurStar event
It was founded in 2014 by entrepreneurs from Europe. It is currently located in Shanghai and provides services for customers in China and soon in Southeast Asia. “How technology has changed insurance?” – Roundtable discussion…
Exclusive: China’s Ant plans equity fundraising at potential $100 billion valuation – sources
HONG KONG (Reuters) – China’s Ant Financial Services Group is planning to … the Indian mobile payment and e-commerce website, and Thai financial technology firm Ascend Money. Last month, however, Ant suffered a setback when…
China says “no” to Bitcoin, “yes” to blockchain technology
China is determined to push out Bitcoin, the price of which has drastically halved since it once topped $20,000 a coin, but the country has always been a staunch supporter of blockchain, the underlying technology…
China drafts technology standards for autonomous vehicles: ministry
China is drafting technology standards for autonomous vehicles and setting up test bases, an official said at the State Council Information Office’s press conference on Feb. 7. “We are working with relevant departments to formulate…
China in world-first deployment of experimental electromagnetic rail ‘supergun’ aboard a warship
The US-BAE rail gun is intended to fire a 10kg projectile at Mach 7 (8500km/h) over 150km. China is believed to have acquired a key technology enabling the development of the electromagnetic weapon after the…
