China’s “Belt and Road Initiative” is likely to transform trading routes from Asia to Africa, the Middle East to Russia. With the world’s largest foreign reserves and a determination to build political and economic ties…
FINANCE
Bain files for China antitrust approval on $18 billion Toshiba chips deal: source
HONG KONG/TOKYO (Reuters) – The Bain Capital-led consortium that bought Toshiba’s chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may…
China builds world’s longest canal network spanning 1,400 kms, diverts 10 billion cubic metres of water to north
China has diverted 10 billion cubic metres of water from the south to its drought-prone northern regions including Beijing, which are home to 53.1 million people, aided by the world’s longest canal and pipeline network…
Chinese banking regulator fines 1,171 institutions, totalling 552 mln yuan
BEIJING, Oct. 4 (Xinhua) — China’s banking regulator has punished 1,171 institutions for financial irregularities in the first eight months of 2017, with fines totalling 552 million yuan (about 83.1 million U.S. dollars). The China…
Foreign players feeling squeezed out by Beijing’s support for state companies
But the business’s prospects were still gloomy because the plant risked being gobbled up by a big company as Beijing encouraged large … of players supported through subsidies, low-interest bank loans, export tax rebates and…
PropertyGuru summit to cover Proptech, China’s One Belt One Road
The London-based Miller has spent more than a decade studying and living in Beijing and has written two acclaimed books on China’s urban migration and New Silk Road empire. The summit will be concurrently held…
China Bank Stocks Turn Into Latest Best Hope for Investors
A surge in Chinese bank stocks is taking the pressure off technology giants to keep this year’s rally going. The MSCI China Financials Index jumped 4.9 percent on Tuesday, the most in more than two…
Bank Aljazira Wins The Race For The First Blockchain Use Case In Saudi Arabia With Its Blockchain Ewallet
Bank Aljazira in its continued effort to provide its clients … Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki ……
ICBC, China Construction Bank score the biggest gains in years after PBOC cuts reserve ratio
Shares of Chinese banks soared in Hong Kong on Tuesday, with ICBC rising the most in seven years, after the People’s Bank of China cut the reserve requirement ratio for some banks to support the…
World Bank raises 2017, 2018 East Asia growth forecasts, sees geopolitical risks
The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018 But it added that risks such as rising trade protectionism and geopolitical tensions threaten the outlook…
The 19th National Party Congress Will Reveal Much About China’s Economic Future
The next five years China’s current blend of state and market capitalism appears poised to become further ingrained in the economy. Over the past five years under Xi Jinping, sweeping economic and financial reforms have…
In fierce battle for tech talent, one startup founder tries $1M pay for engineers
Beijing ByteDance Technology Co. is the brainchild of entrepreneur … If they are following fashion or financial news, targeted ads appear within feeds. Still, its business strategy is controversial. It pulls content from hundreds of…
GIFT IFSC ranked 10th among top emerging financial centres
The institute has ranked ahead of Luxembourg, Seoul, Abu Dhabi, Toronto and Beijing. The Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC), the only IFSC in India, has been listed as among the…
