China’s affinity for robots has created a booming industry, but its companies aren’t overtaking their global competitors, a senior partner at consulting firm McKinsey & Company told CNBC. A decade ago … ( read original…
FINANCE
Google CEO: We’re ‘not close’ to launching search in China
At an internal meeting on Thursday, Google CEO Sundar Pichai expressed interest in continuing to expand the company’s services in China , but told employees that the company was “not close” to launchi… ( read…
This is China’s most dangerous trade-war weapon
Americans, in various forms, own the other 70%. Still, an unexpected selloff of China’s Treasury holdings would undoubtedly rattle financial markets. “If China sells U.S. Treasuries as part of its res… ( read original story…
China to send vice-ministerial trade delegation to US
China, in return, is attempting to appeal to Wall Street and US companies by rolling out long-sought investment liberalisation measures, especially in the financial services sector. It has pointedly p… ( read original story …)
China’s finance ministry goes back to old playbook with move to spur bond sales
China is expected to see a bond-selling spree after the finance ministry asked local governments to issue bonds as soon as possible as it tries to boost growth, a move that will push lenders to…
Exclusive: China central bank bars some offshore lending in latest move to support yuan
The move comes as nervous global financial markets wait to see how much further China will allow the yuan to fall, after it weakened against the dollar for nine straight weeks, reviving memories of it……
Exclusive: China central bank bans some offshore yuan deposits and lending via FTZ scheme – sources
SHANGHAI (Reuters) – China’s central bank has restricted commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, two sources with direct k… ( read original story…
China Mobile Hong Kong, China Mobile International and China Taiping Insurance Group’s subsidiaries jointly signed a strategic cooperation agreement
China Taiping Insurance (HK), Taiping Financial Holdings and China Taiping Life Insurance (HK) are the China Taiping subsidiaries signing the agreement HONG KONG, Aug. 16, 2018 /PRNewswire/ — On the … ( read original story…
Slowdowns in China and India eat away at Asian oil demand
SINGAPORE (Reuters) – Oil demand from Asia’s biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world’s largest economies and eroding a key pilla… ( read original…
Fintech in China: How to take part in the Financial revolution?
Let’s me start by asking you one question: Who really enjoys its banking experience? Well! we have good news. The good new is we are currently going through one of the biggest transformations in Finan……
China Rapid Finance Reports Second Quarter 2018 Unaudited Financial Results
SHANGHAI, Aug. 15, 2018 /PRNewswire/ — China Rapid Finance Limited (“China Rapid Finance” or the “Company”) (NYSE: XRF), operator of one of China’s largest consumer lending marketplaces, today report… ( read original story …)
China securities fee revenue expected to more than double by 2023: study
HONG KONG (Reuters) – Revenue from securities fees in China is expected to more than double to $103 billion in the next six years, a new report by a financial consultancy said on Wednesday, emphasizin……
Ripple is ‘definitely’ targeting China with its blockchain-based payments tech, exec says
China is “definitely a target” for Ripple, Jeremy Light, the firm’s VP of EU strategic accounts, told CNBC. Among Ripple’s clients is the Hong Kong-based financial services firm LianLian International … ( read original story…
