Royal Bank joins Air Canada in labeling Taiwan as part of China

VANCOUVER—Royal Bank of Canada customers who wish to wire payments to Taiwan will find it listed as a “province of China” on its website. The bank’s designation is coming to light after a similar move made by Air Canada to change the name of ... ( read original story ...)

Tesla hires new chief financial officer for China

(Reuters) - Tesla Inc (TSLA.O) on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing. Zhou ... ( read original story ...)

China curbs banks’ liquidity risks with new rule

The rule will take effect from July 1, with three news indicators introduced to gauge liquidity risks, according to the China Banking and Insurance Regulatory Commission. One of the three new gauges is the net stable funding ratio, which measures banks ... ( read original story ...)

NZ tourist visas for Chinese bank’s clients fast-tracked

More than half of some Bank of China clients who applied for a tourist visa had it approved within one business day in the past two years, after an agreement to fast-track them. Immigration New Zealand introduced a streamlined visa process for the banks ... ( read original story ...)

Foreign companies ready to enter financial market

They may prefer setting up joint ventures as a path to the core of the financial sector. The People’s Bank of China said that last year domestic payment institutions processed 169 trillion yuan (£19.6 trillion), compared with 18 trillion yuan five years ... ( read original story ...)

NZ visas for Chinese bank’s clients fast-tracked

... introduced a streamlined visa process for the bank's private banking or prestigious wealth management customers two years ago. It has since also signed a similar deal with China UnionPay for its Platinum or Diamond credit card holders. The Bank of ... ( read original story ...)