China Unicom and Radisys will be building an open software and network virtualization architecture for 5G services. The two companies will be using Mobile CORD (M-CORD) development PODs that use open source software. CORD, which…
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China commercial banks' profits rose 3.54 pct in 2016 – regulator
BEIJING Feb 22 China’s banking regulator said on Wednesday the commercial banking sector’s net profit rose to 1.65 trillion yuan ($240 billion) last year, a 3.54 percent increase from 2015. Chinese commercial banks’ weighted average…
China regulators set new rules for asset managers as debt fears grow
The rules, formulated by the central bank in conjunction with China’s securities, banking and insurance regulators, were the latest effort by the authorities to bolster their oversight of financial assets, including wealth management products (WMPs),…
China’s central bank leads charge to shine regulatory light on the risky business of shadow banking
China’s financial watchdogs are considering casting a huge new regulatory net over the country’s vast shadow banking sector. The central bank has spearheaded the drafting of new regulations to tame China’s 60 trillion yuan (HK$67.7…
China offers banks lure of lower reserves to get more money to ailing sectors
BEIJING China’s central bank said on Tuesday that it will extend a preferential scheme for some banks that will free up additional funds for lending, as long as they channel money to weaker, cash-starved sectors…
Economic Watch: China's central bank to walk fine line in multi-tasking operations
As China’s central bank has shifted to a prudent and neutral monetary policy, it will likely be more careful in balancing its multiple goals. (Xinhuanet file photo) BEIJING, Feb. 19 (Xinhua) — As China’s central…
Hang Seng Bank cuts risky China lending after full year profits fall 41pc
Hang Seng Bank said it has reduced risky lending in mainland China after it reported a 41 per cent slump in profits last year due to rising bad loans and lower fee income, factors weighing…
Chinese moves in South China Sea unsettling to Southeast Asian countries
The strongly worded statement came in response to a news report published Wednesday saying China has nearly finished building almost two dozen structures on Subi, Mischief and Fiery Cross reefs — part of the Spratly…
U.S.-born panda Bao Bao lands in China after leaving D.C. zoo
The panda’s keeper, Marty Dearie, said in an interview with China’s official Xinhua News Agency at the airport in Chengdu that the flight went well. “She ate and slept the whole flight and we have…
Tillerson affirms importance of constructive U.S.-China ties
according to China’s Xinhua news agency. China’s readout of the call did not mention any specific issues, with Xinhua noting only that they also “exchanged some views on a number of international issues.” On Saturday,…
Commentary: Despite U.S. meddling, China and ASEAN back on track over South China Sea
BEIJING, Feb. 22 (Xinhua) — The probability of agreement on a framework for a code of conduct in the South China Sea between China and the Association of Southeast Asian Nations (ASEAN) by mid-year is…
Report: China nearly finished building South China Sea structures to house missiles
Fox News reported exclusively in December that the U.S. intelligence community was monitoring whether surface-to-air missiles would be shipped to the reefs to protect China’s three airstrips. A Pentagon report released last year said that…
Tillerson affirms US-China ties
Secretary of State Rex Tillerson has affirmed the importance of a constructive US-China relationship during a phone call with Beijing’s top diplomat, and the two have agreed on the need to address the threat posed…
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