I just got back from the FDR Presidential Library & Museum in Hyde Park, New York. It was well worth the trip. The following was from his inaugural address: “The test of our progress is…
FINANCE
IMAX China To Announce Full-Year 2016 Financial Results And Host Conference Call
SHANGHAI, Jan. 26, 2017 /PRNewswire/ — IMAX China Holding, Inc. (“IMAX China”, HKG: 1970), today announced it will host its annual conference call to discuss full-year 2016 financial results on Thursday, Feb. 24, at 8:00…
The Hong Kong Of The Future: Merging Finance, Electronics And Healthtech
Competition from Shenzhen Hong Kong is generally seen as a place for finance, and Hong Kong’s fintech sector keeps growing despite some uncertainty due to regulations from Beijing. Yet, it is also facing increasing competition…
Alibaba's Ant Financial buys MoneyGram for $880m
Ant Financial has a big market share in the online payments industry in China. The acquisition could help the company extend the lead as well as expand overseas, as competition is growing in China with…
China turns to blockchain to make markets clearer and cleaner
Beijing wants banks to adopt the technology to help combat chronic fraud such as fake trade finance deals. Banks including Ping An Bank and Bank of China have unveiled blockchain investments and projects, and around…
Alibaba's Ant Financial in overseas push with MoneyGram deal
“I expect to see the ever increasing convergence of fintech and the more traditional financial services sector.” REMITTANCES ‘A REALLY INTERESTING BRIDGE’ China’s financial technology companies are on the rise, boosted by rapid digitization and…
China's shadow banking crusade risks bond market crash
SHANGHAI (Reuters) – China’s campaign to cut high debt levels in its economy is aiming this year to shrink the $3 trillion shadow banking sector, which could drain a critical source of income for the…
Smog pushes Beijing residents to innovate for the world
Beijing residents concerned about breathing the capital’s thick grey air are adapting, inventing and even creating businesses to protect the health of their families and others. Some of their efforts could help people around the…
South Korea to boost economic cooperation with China amid THAAD concerns
South Korea’s finance ministry said in a statement released after a regular government meeting on external economic conditions. Beijing strongly objects to South Korea’s decision last year to allow the United States to base a…
Qantas goes back to Beijing
Qantas has recommenced daily flights from Sydney to Beijing, eight years after scrapping the route because of the global financial crisis, as the airline seeks to lift its share of the lucrative Chinese travel market.…
Apple sues Qualcomm in Beijing seeking 1 billion yuan
WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging that the chip supplier abused its clout in the chip industry and seeking 1 billion yuan (115.22 million pounds) in damages,…
China's banking regulator issues guidelines on outbound investment
BEIJING China’s banking regulator issued guidelines on Wednesday calling for the country’s financial institutions to strengthen their control and management of funding for outbound investment. The guidelines are the latest new rules on overseas investment…
China’s central bank turns tiger mum as it faces tough balancing act over monetary policy
Three days after the People’s Bank of China provided a rare sweetened money deal for a number of state banks, it got tough and raised the interest it charged on medium-term loans to lenders –…
