SHANGHAI (Reuters) – A senior executive at China’s internet finance association has urged Chinese regulators to create a framework of regulations to support the development of digital currencies amid a fierce crackdown on trading on…
FINANCE
China Finance Online Co. Limite (NASDAQ:JRJC) Sees Unusual Trading Volume in Its Shares
Trading volume for China Finance Online Co. Limite was 131K in the last trading session. Trading volume was up 248.02% over the stocks average daily volume. Short traders are feeling a little more bearish on…
World Winter Sports Beijing Expo 2017: Gearing up for the Beijing 2022 Winter Olympic Games, Building up an “Ice and Snow Power”
The Successful Convening of the Second World Winter Sports Beijing Expo: Injecting New Momentum into the Winter Sports Industry and Promoting the Popularization of Winter Sports BEIJING, Sept. 14, 2017 /PRNewswire/ — The World Winter…
China’s foreign investment plunges after official curbs
BEIJING — China’s government says Chinese investment in other countries has plunged since Beijing tightened controls to discourage purchases of sports teams and other assets deemed unneeded for national development. The Commerce Ministry said Thursday…
Court rules against wife of man who defrauded Bank of China
A Metro Vancouver woman whose husband defrauded the Bank of China of tens of millions of dollars will have to make her case to stay in Canada a second time to an immigration board. Last…
Guessing game intensifies for next China central bank governor
BEIJING — With the governor of the People’s Bank of China, Zhou Xiaochuan, set to step down by March after 14 years, a likely successor has emerged in the person of Jiang Chaoliang, party secretary…
China’s internet finance body urges members not to deal in cryptocurrencies
SINGAPORE (Reuters) – China’s internet finance association on Wednesday urged its members not to take part in any centralized virtual currency trading or provide services involving cryptocurrency trading due to the financial and social risks.…
China is considering major investments in European finance as part of its global spending push
“They would look very favorably at transactions that have some links to the Belt and Road program, because the country needs to boost its financial muscle,” the banker said. But Beijing “will ensure the excesses…
China plans nationwide ethanol use by 2020
BEIJING — China plans to expand use of ethanol in gasoline nationwide by 2020 to curb smog and fossil fuel demand, the government said Wednesday, joining United States, Brazil and other nations that use blended…
Cryptocurrency chaos as China cracks down on ICOs
Investors in China contributed up to 2.6 billion yuan ($394 million) worth of cryptocurrencies through ICOs in January-June, according to a state-run media report citing National Committee of Experts on Internet Financial Security Technology data.…
China banks fear US North Korea sanctions
China’s big banks have been quietly but surely weaning themselves off North Korean money. This is not particularly about their troublesome neighbour. It is because of a fear of US repercussions. Bank branches near the…
China’s big banks halt services for North Koreans, tellers say
China’s Big Four state-owned banks have stopped providing financial services to new North Korean clients, according to branch staff, amid U.S. concerns that Beijing has not been … China Construction Bank (CCB) has “completely prohibited…
INSIGHT-Trust issues? China targets a $3 trillion shadow banking industry
Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart of a vast shadow banking industry, are being pressured to step up compliance and…
