China will institute new rules in real estate financing, its central bank said on Sunday. The move comes after China’s Ministry of Housing and Urban-Rural Development and the People’s Bank of China … ( read…
FINANCE
China approves BlackRock, Temasek and CCB joint wealth venture
China has approved a wealth management joint venture between U.S. asset manager BlackRock Inc , Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) , as China … ( read original…
China’s unlicensed asset management firms still a threat, central bank official says
Fan Yifei, vice governor of the People’s Bank of China, told a forum that a sizeable proportion of the 5,000 third-party wealth management firms in China do not have the licence to sell insurance or…
China’s unlicensed asset management firms still a threat, c.bank exec says
Some unlicensed asset management companies are still operating in China, causing a “serious threat to financial stability”, a top official of China’s central bank on Saturday. Fan Yifei, vice governor … ( read original story…
China’s consumer finance firms report growing client base
China’s consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report. By the end of June, … ( read original…
China’s investment in Belt and Road countries up 28.9%
BEIJING (Xinhua): China’s non-financial direct investments in countries along the Belt and Road (B&R) stood at US$10.27 billion in the first seven months, up by 28.9 per cent year-on-year, data showed … ( read original…
International Financial Center Property Ltd. — Moody’s affirms ratings of Beijing Capital Land and its subsidiaries; outlooks stable
Moody’s Investors Service has affirmed Beijing Capital Land Limited’s (BJCL) Ba3 corporate family rating (CFR). 2. The provisional (P)B1 backed senior unsecured rating on the medium-term note (MTN) … ( read original story …)
US-China relations: Middle East countries under pressure to take sides against Beijing: former Chinese envoy
US allies in the Middle East are coming under growing pressure to pick sides against China, posing a challenge to Beijing’s plans for a bigger economic foothold in the region, according to a former ……
China Renaissance Announces Unaudited 2020 Interim Results
China Renaissance Holdings Limited (“China Renaissance” or the “Company”; stock code: 1911.HK) today reported its unaudited interim results for the six months ended June 30, 2020. ( read original story …)
Baozun Announces Second Quarter 2020 Unaudited Financial Results
(GLOBE NEWSWIRE) — Baozun Inc. (Nasdaq: BZUN) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced … ( read original story …)
China is building a GitHub alternative called Gitee
The technological decoupling between the U.S. and China has been a boon to Chinese firms from chipmakers for smartphones and electric vehicles through to software that are the backbones of millions of … ( read…
X Financial Reports Second Quarter 2020 Unaudited Financial Results
PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading technology-driven personal finance company in China, today announced its unaudited financial results for the second quarter … ( read original story …)
China cenbank resumes 14-day reverse repos after near 2-month hiatus
China’s central bank will resume 14-day reverse repo operations for the first time in nearly two month on Friday, while injecting a total of 200 billion yuan ($28.93 billion) into the banking system … (…
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