Chinese officials are now looking to internationalize their own program by offering to help finance other countries’ missions to Tiangong 2. Since China conducted its first crewed space mission in 2003, it has staged a…
FINANCE
BRIEF-China Success Finance says Guangdong Success Finance Guarantee entered into agreement
April 20 China Success Finance Group Holdings Ltd: * Guangdong success finance guarantee entered into new payment guarantee agreement with Foshan Nanhai Yingguan * Guangdong success finance to guarantee 10% of contract sum of new…
UN Turns To China For Ground-Breaking Digital Tool To Enable Green Finance
China’s Ant Financial is the same company that helped to pioneer ‘social scoring’ for the the government, a purely Technocrat-inspired program. Now, the UN will use the same firm to promote and enable Green Finance…
China's internet finance thrives as fraud fades
BEIJING — Wang Pengfei, vice president of a leading internet finance company, has seen the industry grow in China at a galloping pace, along with some shady practices. After working at a State-owned lender for…
China's Ant Financial targets brand boost in SEAsia with helloPay deal
BEIJING Ant Financial, the payment affiliate of Alibaba Group Holding Ltd (BABA.N), has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia.…
How China can ward off financial crisis
With emerging Asian economies now accounting for nearly two-thirds of global growth, China bears have a ready audience for their gloomy prognostications. Some, like the high-profile U.S. economist Tyler Cowen, have been predicting imminent financial…
Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks
He was wrong. On Wednesday, Ms. Wang, 61, joined about a dozen other customers in the lobby of a Beijing branch of the bank China Minsheng, pressing employees for details and demanding their money back,…
China bank overseer launches ‘regulatory windstorm’
China’s new chief banking regulator has started with a bang, issuing a flurry of new policy directives during his first month aimed at the industry’s knottiest problems, in line with the government’s focus this year…
China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing
China’s shadow banking is back in full swing, an unintended side effect of the government’s campaign against financial leverage, which has curbed traditional lending and squeezed bond financing. Data from the central bank Friday showed…
China Minsheng Banking : Bank Says a Company Executive Is Under Investigation by Police
BEIJING–China Minsheng Banking Corp. said Wednesday one of its executives is under a police investigation on suspicion of “illegal conduct.” Minsheng has set up a team to work with police in their investigation of Zhang…
China’s March outbound direct investment slumps 30.1pc to US$7.11b
China’s non-financial outbound direct investment (ODI) slumped 30.1 per cent in March from a year earlier as authorities kept a tight grip on capital outflows to help support the yuan and safeguard the country’s foreign…
Trump talk tempers exporters' optimism at top China trade fair
GUANGZHOU, China (Reuters) – Higher costs and rising wages are among the top headaches for exporters at China’s largest trade fair, but days after the first U.S.-China summit under the new president one topic of…
China’s Minsheng Bank sees investor trust vanish – along with 3b yuan
They also visited the China Banking Regulatory Commission and its Beijing subsidiary, as well as the headquarters of Minsheng Bank, and the China Securities Regulatory Commission. However, no clear answers have been given to them…
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