BEIJING, Nov. 12, 2018 /PRNewswire/ -- Pintec Technology Holdings Ltd. ("PINTEC";NASDAQ: PT), a leading independent technology platform enabling financial services in China, today announced that it ha... ( read original story ...)
What’s a Private Company? China Banks Grapple With Lending Rules
The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, a missive that s... ( read original story ...)
China won’t set targets for individual banks’ loans to private firms: state media
BEIJING (Reuters) - China will not set specific targets for each bank on how much loans should be given to private firms, and banks’ credit assessment standards will not be compromised, state-owned Ch... ( read original story ...)
China’s Xi Jinping revives Maoist call for ‘self-reliance’
Even as Mr Xi has sought to position China as a champion of globalisation amid the US retreat into protectionism, the call for “self-reliance” highlights how Mr Xi is also advocating mercantilist poli... ( read original story ...)
How’s China’s Opening to the Financial Sector Going?
Last year, China pledged to allow overseas financial firms greater access to the world’s second-largest economy. Then came the trade war with the U.S., raising concerns that President Xi Jinping could ... ( read original story ...)
China developers face $55bn of maturing onshore debt in 2019
China’s property market is a bedrock for growth and economists fear that signs of distress in developer debt would send ripples through the financial system just as other problems are mounting. China’ ... ( read original story ...)
People’s Bank of China warns of downward pressure on economy
... economy was facing downward pressure in the central bank’s most recent update of its monetary policy implementation report, Reuters reported. Increasingly, public concerns from Beijing’s financial ... ( read original story ...)
China’s annual shopping frenzy shatters another record
SHANGHAI — Online shoppers spent more than $14 billion within the first two hours of China's annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th year. ... ( read original story ...)
Trade war, market drag creating opportunities in China, CPPIB chief says
“Our teams are busy,” Machin told the Financial Post on Friday in a phone interview during his latest trip to China. “I think given the softening markets in China and related markets ... ( read original story ...)
In China, response to pledged share meltdown stirs concern
"If risks spread further into the financial system, a match box could morph into an atomic bomb." The crisis has brought Pang Da Automobile Trade Co , a car dealer once dubbed China's "King ... ( read original story ...)