“Even though the technology industry in China is moving toward that direction, it’s still not the case. Making fast money is still the king,” said Wang. On the other hand, the reality that many Chinese…
Posts By admin
China Focus: High-tech fair showcases China's innovation power
A mining truck made in China and powered by a new type of lithium battery drew crowds at an ongoing technology fair in the southern Chinese city of Shenzhen. Jointly developed by mining machinery maker…
China LBS 2016 Global Market Expected to Grow at CAGR 46% and Forecast to 2020
This market research study presents a detailed segmentation of the LBS market in China by technology (outdoor LBS, indoor LBS). The leading vendors identified in the market are Alibaba Group, Baidu, Dianping, Navinfo, and Tencent.…
IBM China Wants to Use Blockchain to Fight Climate Change
IBM’s China division is working with a regional textile printing firm to to develop a platform for trading digital assets tied to carbon emissions. The company is working with Zhonghe Technology Co., a textile firm…
JPMorgan Is Said to Settle Bribery Case Over Hiring in China
After more than three years of digging into JPMorgan Chase’s hiring practices in China, federal authorities have determined that the bank hired the children of Chinese leaders as part of a quid pro quo to…
China central bank has Trump headache amid US policy flux
As if defusing the world’s biggest debt bomb while keeping economic growth humming wasn’t tough enough, Donald Trump’s shock election victory has just made the policy outlook even more complex for People’s Bank of China…
Western Union Services Now Available at Bank of China Locations in All Provinces
BEIJING, Nov. 17, 2016 /PRNewswire/ — The Western Union Company, a leader in global payment services, today announced additional enrollment of over 6,700 Bank of China (BOC) locations into its retail network. BOC customers can…
China c.bank lends $43.96 bln via medium-term lending facility, rates unchanged
BEIJING Nov 16 China’s central bank said it lent 302 billion yuan ($43.96 billion) to 18 financial institutions via its medium-term lending facility (MLF) on Wednesday. Interest rates for the MLF loans were unchanged at…
UPDATE 2-China calls for new private bank to rejuvenate northeast
* At least one new regional bank to be set up by next June * Govt to correct negative, false reporting about northeast * Local govts tasked to develop private economy in the region *…
China’s tightened rules on wealth management products having little effect
China has made several moves this year to reduce the risks posed by opaque wealth management products (WMPs) – one of the main sources of income for the shadow banking industry. However, as many companies,…
China's Central Bank Unclear About Trump’s Real Trade, Economic Policies
The People’s Bank of China (PBOC), the country’s central bank, is uncertain of what Donald Trump’s trade policies truly are, considering the pronouncements made by the newly elected U.S. president during his campaign. For PBOC…
China Mobile Ltd. (CHL) Stake Decreased by Fulton Bank N.A.
Fulton Bank N.A. cut its stake in China Mobile Ltd. (NYSE:CHL) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 10,433 shares of the company’s stock after selling 455 shares during the…
China’s central bank recruits blockchain experts
China’s central bank is recruiting cryptocurrency and blockchain experts to explore the potential of distributed ledger technology in the financial sector. With digitization becoming an integral part of China’s financial system, Chinese authorities are ……
ADVERTISEMENT
