“China’s steady and upbeat economic conditions, prudent and neutral monetary policy and the banking industry regulator’s effective … By the end of 2016, Chinese banks in Beijing had offered 4 billion yuan in such loans.…
FINANCE
How This Silicon Valley Giant Is Backing China’s Tech Ambitions
Qualcomm is providing money, expertise and engineering for Beijing’s master plan to create its own technology … that could enable China to break into the lucrative mainframe banking business. “There’s a great deal of unease…
China’s Resource Diplomacy: It’s not Charity for sure
… bank is highly regarded as a competitor or alternative to the IMF and World Bank. China’s economic clout in Africa has strengthened and there are fears that Beijing would use these development banks as…
UN moves to cut a third of North Korea’s $3 billion annual export revenue over ICBM tests
Carlos Barria/Reuters The draft resolution would also add nine individuals and four entities to the U.N. blacklist, including North Korea’s primary foreign exchange bank, subjecting them … new resolution is adopted as Beijing is still…
China the pillar of BRICS financial cooperation: Expert says
Emmanuel Daniel, chairman of The Asian Banker, in an interview on the sidelines of The Future of Finance China 2017 Summit in Beijing, Aug 3, 2017. [Photo by chinadaily.com.cn] BRICS is an attractive investment proposition…
Fugitive Chinese tycoon’s niece and finance chief guilty of fraud
Xiao Yanling, deputy financial officer of the company … Apart from the cases concerning his company, Guo has been sued by China’s vice minister of housing and urban-rural development Huang Yan, actress Fan Bingbing, journalist…
Tehran, Beijing to Expand Banking Relations
In view of the scale of Chinese finance coming from Iran, China’s Ambassador to Iran Pang Sen and Governor of the Central Bank of Iran Valiollah Seif in a meeting on Wednesday emphasized the importance…
Electric-car startup Faraday Future shakes up its executive ranks amid scramble for cash
Newly hired chief financial officer Stefan Krause … marking the first time he will assume an official role at Faraday Future. Jia is the founder of the Beijing-based electronics company LeEco, which has been bleeding…
Coal-fired power plant in China issues green bonds
To promote new methods of financing to back China’s transition to cleaner growth, Beijing opened five “green finance” pilot zones. Under the program, the government is going to spend at least three trillion yuan ($450…
China Firms Call for More Tax Cuts in Government Survey
and challenging project,” Liu Shangxi, the head of the academy, which is under the Ministry of Finance, told a news conference in Beijing. Besides the tax costs, Chinese firms are having to pay increasingly higher…
China New Borun to Report Second Quarter 2017 Financial Results
Company to Hold Conference Call on August 23 at 8:00 a.m. E.T.– BEIJING, Aug. 4, 2017 /PRNewswire/ — China … today announced that it plans to release its unaudited financial results for the second quarter…
China strives to reduce financial risk
Risk control and serving the real economy will be the major tasks of China’s financial sector in H2. Guarding against systemic financial risk is vital to the health of the economy and so the government…
China takes bigger steps on financial opening up
China has quickened the pace of opening up its financial market to spur economic growth, raise financial sector competitiveness and actively participate in the global market. Last month, overseas investors gained direct access to the…
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