The CPEC is billed as a ‘game-changer’ and manifestation of strategic partnership between Pakistan and China. Gwadar Port Authority Chairman Dostain Khan Jamaldini said in a meeting yesterday that The Bank of China is planning…
FINANCE
China Finance Online Co. Limite (NASDAQ:JRJC) Trading Volume Significantly Higher
81K shares changed hands in the last trading session. Overall, volume was up 115.79% over the stocks normal daily volume. These funds have also shifted positions in (JRJC). Funde Sino Life Insurance Co Ltd trimmed…
China’s July fiscal spending pace slows, but revenues rise
though the broad consensus is for growth to cool slightly in the coming quarters as the authorities continue to crack down on financial risks. (Reporting by Beijing Monitoring Desk and Sue-Lin Wong; Editing by Jacqueline…
NetEase Reports Second Quarter 2017 Financial Results
BEIJING, Aug. 10, 2017 /CNW/ — NetEase Inc., (NetEase or the Company) reported second quarter 2017 financial results. Net revenues were US$2.0 billion, up 49.4% year-over-year and net income was US$438.4 million, up 9.2% year-over-year.…
China targets crime related to Internet finance
BEIJING, Aug. 10 (Xinhua) — Chinese courts have turned their attention towards Internet finance crime to safeguard the healthy development of the sector. Pressure must be placed on fighting illegal fund-raising cases, which are key…
Beijing hails success in battle against capital flight
China’s capital flow turned positive in the first half of 2017, a reversal from unprecedented outflows during the previous two years that sparked worries over financial stability … a move to boost Beijing’s flexibility to…
China sends first ‘unbreakable’ quantum code from space
The news agency said there were “enormous prospects” for applying this new generation of communications in defence and finance. China still lags behind the United States and Russia in space technology, although President Xi Jinping…
China opening up financial industry
A ceremony was held in Dubai in July 2015 to celebrate the launching of yuan-denominated bonds by Bank of China. [Photo provided to China Daily] Mainland quickens the pace of change to spur growth and…
China’s banks swap 1 trillion yuan of debt into stocks, extending financial life line to state debtors
China’s banks converted more than 1 trillion yuan (US$149.2 billion) of debt into stock holdings in more than 70 state-owned enterprises, in the government’s largest debt-to-equity swap effort to bail out the country’s most indebted…
The firm behind one of the top China analysts in the world is warning of a ticking time bomb
China has shown signs that it is aware of the risks that shadow banking presents. In a recent interview with Bloomberg, Chu stated that Beijing has shown a “surprisingly high appetite for pain” as it…
Visa applies for direct access to China’s bank-card clearing market as it moves to challenge UnionPay dominance
Visa expects the central bank to consider its application in line with the publicly … will for sure means fiercer competition,” said Wang Pengbo, an analyst with Beijing-based consultancy Analysys. “Yet, it still an uncertainty…
China’s rules on overseas bank card transactions to have limited effect on users
BEIJING – China’s new rules on overseas bank card transactions will have a limited effect on card holders as they aim only to gather information to curb money laundering, not spending, an official said Tuesday.…
China Is Taking On the `Original Sin’ of Its Mountain of Debt
In July, the bank watchdog is said to have told some lenders to cut the … investments — funds that Chinese lenders farm out to external asset managers — and Beijing recently extended the deadline…
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