In reality, Yao said Beijing did not have much of a choice but to continue … AXA Investment Managers Asia ING Bank Greater China economist Iris Pang said it would be no surprise if China…
FINANCE
China’s banks stand to earn US$63b in revenue by 2020 from financial inclusion, says EY
In Asia-Pacific, that boost to bank revenue is estimated at US$88 billion, with China leading the pack, followed by Thailand at US$8.5 billion, and Vietnam at US$5 billion. “Financial inclusion isn’t merely a corporate responsibility…
Does money loaned through China’s development finance institutions actually help countries develop?
There is an emerging consensus that China is now a major player, maybe the major player, in global development finance. Recent studies have inspired headlines such as “China and US ‘neck and neck’ in foreign…
China’s cyber watchdog scolds Ant Financial over user privacy breach
SHANGHAI (Reuters) – China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system. The Cyberspace Administration…
Chinese shadow banking presents economic, political challenges
December 28, 2017 Shanghai/Beijing/Hong Kong—In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at…
China’s new Silk Road hits political, financial hurdles
BEIJING — China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials…
China Seen Dominating Clean Energy Investment
While China is not necessarily intending to fill the “climate leadership void”, it will be comfortable providing technology leadership and financial capacity, Tim Buckley, the report’s co-author, said. Chinese solar manufacturers accounted for about ……
Beijing’s Grip on Internet Finance Is Tightening
The days of laissez-faire are numbered for financial technology companies in China. For more than a decade, entrepreneurs like Alibaba and Tencent have had freedom to innovate and run vast networks of new internet-enabled business…
Beijing’s fiscal revenue increased by 6.8 pct in 2017
according to the Beijing Municipal Bureau of Finance. Last year Beijing’s fiscal revenue was 1.64 times of that of 2012 and accounted for an average annual growth of 10.4 percent. The municipal government enhanced the…
Things are looking up for China’s financial firms, UBS says
Despite fears about China’s financial stability, UBS is positive on Chinese financials this year, its head of China strategy explained Tuesday. “There’s less worry about financial stability in China because a lot of other sectors…
Growth in China’s financial technology has only just begun, CEO says
Multiple Chinese financial technology firms, including Qudian, PPDai, Hexindai and Jianpu, went public in the U.S. last year Despite the competition in the space, Jianpu CEO David Ye said growth in the market had only…
BRIEF-Oceanwide Holdings unit to transfer rights shares of China Oceanwide International Financial for about HK$179.8 mln
* Says its overseas wholly owned unit plans to transfer nil-paid 11.99 billion rights shares of China Oceanwide International Financial Ltd for about HK$179.8 million * Says the unit will cut stake in China Oceanwide…
The Missing ‘Development’ in China’s Global Development Finance
Analysis of China’s foreign “aid” misses the fact that much of it is in the form of commercial loans and little of it seems to have helped the recipient countries develop. There is an emerging…
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