LISBON, Portugal – Shares in Banco Comercial Portugues, Portugal’s biggest listed bank, have surged after China’s Fosun took a stake that has made it the bank’s biggest shareholder. BCP S.A. shares were up more than…
FINANCE
CreditEase Founder & CEO: Financial Technology and Innovation Critical to Continued Growth of Global Industry
“China’s fintech market is the largest in the world … When we were starting out, CreditEase volunteered to work with financial institutions to make our business more secure. By working with the banks, all transactions…
Fintech VC investment in China Remains Unaffected by Global Decline in Start up Investment: Report
(Photo : Getty Images) China continues to attract huge investment from venture capital (VC) investors in financial technology (fintech) space, despite downturn in the global investment across startup companies. This is according to a report…
China gives N12m aid to 1,000 FCT pupils
The Embassy of the Peoples Republic of China in Nigeria has given a N12m financial aid to 1,000 pupils of 200 primary and secondary schools in the Federal Capital Territory. The Chinese ambassador, Mr. Zhou…
China Warns Trump On Trade, Calls For Massive 21-Nation Pact
(Photo: Reuters/Mariana Bazo) Xi said that China has contributed to 40 per cent of global growth since the global financial crisis. China’s economy is now cooling as it seeks to rebalance growth away from exports…
China says terrorism, fake news impel greater global internet curbs
WUZHEN, China (Reuters) – China’s ambitions to tighten up regulation of the Internet have found a second wind in old fears – terrorism and fake news. Chinese officials and business leaders speaking at the third…
Brexit No Barrier for China's New Financial District Plan in London
With Britain trying to hammer out the terms of its exit from the European Union and banks considering their options on the continent, is this the best time to start building a new financial district…
China files appeal in U.S. anti-dumping case: WTO
GENEVA (Reuters) – China has filed an appeal against a ruling by the World Trade Organization (WTO) in a dispute over methodologies used by the United States to calculate anti-dumping tariffs targeting Chinese imports, a…
With Trump win, China looks to seize Asia free trade leadership
BEIJING (Reuters) – China will position itself as free trade’s new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as a U.S.-led Pacific Rim trade pact languishes…
Supervision steps up on online finance
To ensure sustainable development of the fast growing internet financial services industry, China will build a system to supervise products and regulate market entry, a top central bank official said on Friday. Pan Gongsheng, deputy…
China: Choosing More Debt, More Unemployment, Or Transfers
A country’s financial system, after all, can only change in ways that are consistent with changes in the political system and with the distribution of political and economic power, and it is hard to imagine…
China's African population declines amid slowdown, crackdown
GUANGZHOU, China (AP) — Dreams are fading in China for African traders like Mouhamadou Moustapha Dieng, who in 2003 was among the first wave of Africans to set up homes and companies in this port…
China says its aircraft carrier is combat ready — here's how it stacks up to the rest
Almost two decades after buying the hull from Ukraine in 1998, China’s sole aircraft carrier, the Liaoning, has finally been declared combat ready. China’s aircraft carrier, as well as the rest of its rapidly modernising…