WASHINGTON – The World Bank, a major source of development lending, needs to make more progress in shifting its loans away from fast-growing economies such as China and devoting more support to the … (…
FINANCE
China’s ‘funds by phone’ culture leads the world
According to Oliver Wyman, the financial consultancy, assets under management at Chinese fund companies reached $7.4tn at the end of 2017, up from $1.6tn in 2012. It estimates that the amount will be … (…
China Data Not Enough to Rescue Stocks From Worst Week of 2019
Looking ahead, traders will want to see how the People’s Bank of China reacts to a $54.6 billion wall of maturing loans next week. The central bank hasn’t injected cash into the financial system for…
China’s auto sales sink in March for 9th month
BEIJING — China’s auto sales fell again in March but the contraction in the biggest global market was smaller than in recent months, an industry group reported Friday. Sales of SUVs, sedans and … (…
China’s Credit Growth Surges Back, Signaling Firmer Recovery
Aggregate financing was 2.86 trillion yuan ($426 billion) last month, compared with about 700 billion yuan in February, the People’s Bank of China said Friday. The median estimate was 1.85 trillion … ( read original…
China’s Ant Financial amasses 50 million users, mostly low-income, in new health plan
SINGAPORE (Reuters) – A mutual health aid plan launched by Ant Financial Services Group, the dominant fintech player in China, has amassed more than 50 million users and is aiming for 300 million … (…
China’s Ant Financial amasses 50 mln users, mostly low-income, in new health plan
SINGAPORE, April 12 (Reuters) – A mutual health aid plan launched by Ant Financial Services Group, the dominant fintech player in China, has amassed more than 50 million users and is aiming for 300 ……
What Kind Of Shareholder Owns Most Beijing Jingkelong Company Limited (HKG:814) Stock?
Beijing Jingkelong is not a large company by … which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full…
Bank of China issues BRI-related bonds
Pedestrians pass a Bank of China branch in Brussels, Belgium. BOC is China’s fourth largest State-owned lender by assets. [Photo/Xinhua] Bank of China Ltd completed the issuance of Belt and Road … ( read original…
World Bank President David Malpass says there is too much debt in the world
including the U.S. There is too much debt floating around the world and China is a big reason why, World Bank President David Malpass said Thursday. “There are challenges facing the world in terms of…
Ant Financial’s mutual aid platform Xiang Hu Bao hits 50 million users
Xiang Hu Bao, meaning “mutual protection” or literally “lend a helping hand,” was launched by Ant Financial last October in partnership with Trust Mutual Life Insurance Co, China’s first mutual life … ( read original…
Ant Financial disrupts old school health insurance in China, attracts 50 million users to its newly launched protection plan
Billionaire Jack Ma ’s Ant Financial has done more than perhaps any company to disrupt China’s massive banking and asset-management industries. Now it’s trying to reimagine health insurance. Ant’s … ( read original story …)
China’s middle class still seeking protection in Hong Kong’s insurance market despite forex crackdown
China’s growing wealthy middle class population are increasingly looking to safeguard their assets and plan for the future by investing in long term insurance and saving products in Hong Kong, but … ( read original…
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