Chinese bank loans rebounded in August to hit 1.09 trillion yuan ($166 billion), beating analysts’ expectations as demand was buoyed by home buyers. The figure was up from 825.5 billion yuan in July according to…
FINANCE
China to further open financial, new energy vehicle sectors
China will further open industries including the financial and new energy vehicle sectors to foreign investment in the second half of this year, the country’s top economic planner said Friday. Meng Wei, spokesperson with the…
China’s Ant Financial Pushes U.S. to Approve MoneyGram Deal
Ant Financial is expected to make a third try for U.S. approval of its takeover of MoneyGram International Inc. as a secretive national security panel throws up hurdles for Chinese investors seeking to buy American…
China banking sector’s total assets at 239 trln yuan at end-Aug – regulator
BEIJING, Sept 15 (Reuters) – China’s banking sector’s total assets were 239 trillion yuan ($36.6 trillion) at the end of August, the country’s banking regulator said on Friday. China’s commercial banks’ non-performing loans ratio was…
China internet finance body suggests framework for virtual currencies
SHANGHAI (Reuters) – A senior executive at China’s internet finance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on…
China internet finance body suggests framework to support virtual currencies
SHANGHAI (Reuters) – A senior executive at China’s internet finance association has urged Chinese regulators to create a framework of regulations to support the development of digital currencies amid a fierce crackdown on trading on…
China Finance Online Co. Limite (NASDAQ:JRJC) Sees Unusual Trading Volume in Its Shares
Trading volume for China Finance Online Co. Limite was 131K in the last trading session. Trading volume was up 248.02% over the stocks average daily volume. Short traders are feeling a little more bearish on…
World Winter Sports Beijing Expo 2017: Gearing up for the Beijing 2022 Winter Olympic Games, Building up an “Ice and Snow Power”
The Successful Convening of the Second World Winter Sports Beijing Expo: Injecting New Momentum into the Winter Sports Industry and Promoting the Popularization of Winter Sports BEIJING, Sept. 14, 2017 /PRNewswire/ — The World Winter…
China’s foreign investment plunges after official curbs
BEIJING — China’s government says Chinese investment in other countries has plunged since Beijing tightened controls to discourage purchases of sports teams and other assets deemed unneeded for national development. The Commerce Ministry said Thursday…
Court rules against wife of man who defrauded Bank of China
A Metro Vancouver woman whose husband defrauded the Bank of China of tens of millions of dollars will have to make her case to stay in Canada a second time to an immigration board. Last…
Guessing game intensifies for next China central bank governor
BEIJING — With the governor of the People’s Bank of China, Zhou Xiaochuan, set to step down by March after 14 years, a likely successor has emerged in the person of Jiang Chaoliang, party secretary…
China’s internet finance body urges members not to deal in cryptocurrencies
SINGAPORE (Reuters) – China’s internet finance association on Wednesday urged its members not to take part in any centralized virtual currency trading or provide services involving cryptocurrency trading due to the financial and social risks.…
China is considering major investments in European finance as part of its global spending push
“They would look very favorably at transactions that have some links to the Belt and Road program, because the country needs to boost its financial muscle,” the banker said. But Beijing “will ensure the excesses…
