CHENGDU, China, Aug. 29, 2017 /PRNewswire/ The city of Chengdu plans to draw on a thousand years of financial acumen to boost economic cooperation with Hong Kong, according to municipal officials visiting the Special Administrative…
FINANCE
China orders videotaping of retail investment sales
China’s banking regulator has issued new rules requiring financial institutions to make video and audio recordings of all investment product sales, saying they were needed to “further regulate market order and protect customer rights”. The…
China’s regulatory rumours hit Blackmores
Blackmores CEO Richard Henfrey said talk of potential changes to China’s e-commerce regulations and “the suitcase trade” had impacted the buying patterns of Chinese entrepreneurs and tourists who were previously purchasing products in Australian stores…
China’s fledging private banks get off to a smooth start in nation run by the Communist Party
China’s growing number of fledging private banks are expected to keep posting higher-than-average net interest margins after enjoying a smooth opening start, according to analysts. At the same time, however, they are being urged to…
New report examines the financial leasing market
Agency -. Since 2014, a series of favorable policies have prompted China’s financial leasing industry to develop rapidly. As of June 2017, there had been 8,218 Financial Leasing Market enterprises in China, which conducted the…
China Is Creating the World’s Largest Power Company
China’s creating the world’s largest power company … a Beijing-based senior analyst at Sun Hung Kai Financial Ltd. “This confirms the direction of state-owned enterprise reform, with companies in the same industry merging to reduce…
China’s Central Bank Is Working Hard to Stand Still
Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter. While some of the biggest central banks are agonizing over changing direction, the People’s Bank of China is working…
China’s regulators preparing new rules for digital coin offerings – Caixin
The government issued draft rules targeting illegal fundraising on Thursday, as the authorities step up a campaign to crack down on risky and illicit behaviour in the country’s financial sector. In China’s rapidly developing financial…
China’s Wanda denies website report its founder was detained
Wang is one of China’s richest businesspeople … The seller, Eldridge Industries, called off the deal in March, saying Wanda failed to complete the purchase. Financial markets were rattled in February by reports another billionaire,…
China needs clear boundaries between state and markets, says central bank researcher
“The first institutional problem that leads to financial chaos is unclear boundaries between government and the market”, Xu was quoted as saying on the official Wechat account of the China Finance 40 Forum, a well-known…
China merging state-owned energy giants
BEIJING — China’s government says it will merge two of its biggest coal and power companies amid a campaign to make state industry that dominates the economy more efficient and profitable. The merger announced Monday…
Angry at EU’s public finance demands, Greece embraces China’s cash and influence
After years of struggling under austerity imposed by European partners and a chilly shoulder from the United States, Greece has embraced the advances of China, its most ardent and geopolitically ambitious suitor. While Europe was…
Yum China : Announces Appointment of Jacky Lo as Chief Financial Officer
SHANGHAI, Aug. 28, 2017 /PRNewswire/ — Yum China Holdings, Inc. (the ‘Company’ or ‘Yum China’) (NYSE: YUMC) today announced the appointment of Jacky Lo as its Chief Financial Officer, effective September 1, 2017. ‘We’re delighted…
