BEIJING (Reuters) – China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector. AiBank is…
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Beijing Universities Offer HIV Self-Test Kits in Vending Machines
Eleven universities in Haidian District, Beijing, now offer HIV self-test kits in campus vending machines, Beijing Youth Daily reported Wednesday. The service is expected to be expanded to another two campuses, Beijing Language and Culture…
China central bank says to continue prudent, neutral monetary policy
HONG KONG (Reuters) – China’s central bank said on late Friday that it will maintain a prudent and neutral monetary policy and keep liquidity conditions stable, as it seeks to fend off systemic risks in…
China’s own Dodd-Frank Act aims to tame wealth management sector as crackdown on risky financial activity gathers pace
China’s financial regulators have unveiled a major new regulation – which has been described as Beijing’s Dodd-Frank Act – to rein in shadow banking activities in their latest response to President Xi Jinping’s call to…
China sets sweeping new rules to regulate asset management products
BEIJING (Reuters) – China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s growing shadow banking sector.…
China Sets New Rules for $15 Trillion of Asset Management Products
China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking sector. The guidelines…
China Will Keep ‘Prudent And Neutral’ Monetary Policy, PBOC Says
China’s central bank said that it will keep its “prudent and neutral” monetary policy, “closely” monitor liquidity and expectations, and deepen reforms in the interest-rates and currency market. The People’s Bank of China aims to…
China tightens rules on asset management to rein in risky lending
China’s central bank outlined sweeping new regulations aimed at curbing financial risk in the asset management industry on Friday, in the latest signal of its determination to rein in the country’s runaway shadow banking sector.…
UBS: China’s $38 Trillion Off-Balance Sheet Binge Poses Little Risk
Growth in assets kept on the balance sheet has outstripped off-the-book expansion, Bedford wrote after studying 282 bank filings from 2016 and the first half of 2017. Bedford’s conclusions add to a growing assessment that…
China reins in asset managers
BEIJING: China’s central bank has issued sweeping guidelines to tighten rules governing asset management businesses, the latest step by Beijing to fend off systemic risks in the huge “shadow banking” sector. The new guidelines unify…
Beijing and nearby areas report more ‘good air’ days
Beijing and surrounding areas reported good air quality on more days in October thanks to strengthened efforts to reduce emissions. In 13 cities in the Beijing-Tianjin-Hebei region, “good air” days accounted for 69.2 percent on…
Gigi Hadid pulls out of Victoria’s Secret China show
Hadid said in a post on her Twitter account: “I’m so bummed I won’t be able to make it to China this year. Love my VS family, and will be with all my girls in…
Is China Overtaking Japan In Science And Technology?
Is China overtaking Japan in science and technology? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Misha Yurchenko, author…
