The chief financial officer of China’s global telecommunications equipment giant Huawei has been arrested in Canada and faces extradition to the United States, the ministry of justice said Friday. ( read original story …)
FINANCE
China Minsheng Financial targets $1bn ‘blank cheque’ fund
China Minsheng Financial is raising a $1bn fund with the aim of cashing in on the boom in “blank cheque” initial public offerings on stock exchanges in New York and London. CM Financial’s fund will…
Beijing to offer financial help to companies that keep staff on payrolls
BEIJING (Reuters) – China’s state council, the cabinet, on Wednesday said that the government will offer financial help to struggling companies that keep staff on payrolls in a time of increasing econ… ( read original…
US-China trade war: Washington lawmakers welcome Donald Trump-Xi Jinping talks on tariff
China now has 90 days to work with the US to strike a deal … We’re looking at external commercial borrowing, bond market for funds, says CEO of PTC India Financial Services ( read original…
Beijing moves to cement influence over world’s financial markets
The shift in focus from direct investment into factories and offices towards portfolio flows into stocks and bonds reveals much about how China is changing — and how it is starting to exert greater in……
China to provide multiple bailout packages to help Pakistan ‘overcome its financial crunch’
The growing strategic partnership between China and Pakistan has been one of the defining stories of past few years, especially after the Pakistan-U.S. ‘marriage of convenience’ ended in an acrimoniou… ( read original story …)
Martin Bauer Group Doubles Tea Extract Manufacturing Capacity in Hangzhou, China
SECAUCUS, N.J. — Martin Bauer Group, a global leader in tea and botanical ingredients, recently opened its expanded tea extract manufacturing facility in Hangzhou, China. The site is located in … ( read original story…
Targeted financial products a blessing for newlyweds
… to China Daily] For low and middle-income young couples in China, getting married can cost a considerable sum of money, and so “wedding loans” can be a blessing for them. The financial products, i……
India catches up with China, records 2nd highest fintech adoption rate: Here’s all you need to know
The country now has the second highest fintech adoption rate of 52%, only behind China’s 69%, which also throws a huge opportunity for India to not only make best out of financial services sector but…
China’s Fund Managers Challenged as Banks Wade Into Industry
“The new rules will intensify both competition and cooperation between banks and mutual fund firms,” said Wang Yifeng, Beijing-based researcher at China Minsheng Banking Corp. Mutual funds have the be… ( read original story …)
Morning Brief: Trump is losing leverage with China
[Yahoo Finance] Also: U.S. Trade Representative Lighthizer to lead talks with China [Reuters] China announces new punishments for IP theft: Intellectual property theft is one of the main points of con… ( read original story…
Beijing Finance Governor Bans Security Token Offerings in City
Huo Xuewen, the chief of Beijing’s Municipal Bureau of Finance, declared in a recent speech that security token offerings will not be tolerated in the city. This cannot be considered surprising, becau… ( read original…
BRIEF-China Development Bank Financial Leasing Announces Purchase And Leaseback Of Eight Aircraft
Dec 4 (Reuters) – China Development Bank Financial Leasing Co Ltd: * UNIT THROUGH SPECIAL PURPOSE COS ENTERED INTO EIGHT AIRCRAFT PURCHASE AGREEMENTS AND SIX LEASE AGREEMENTS * HAINAN AIRLINES … ( read original story…
