BEIJING China’s central bank said on Monday that it will improve the “policy framework and infrastructure” for cross-border use of the yuan and boost the Chinese currency’s role in investment and reserves. The People’s Bank…
FINANCE
Alibaba's finance arm to allow financial institutions to set up shop in investing app
Ant Financial’s own Alipay app, which provides a wide variety of payments and other mobile services, also has such a channel for businesses. Since 2014, WeChat, China’s most popular mobile messaging app, has got tens…
China's favored candidate chosen as Hong Kong’s leader
China agreed to a policy of “one country, two systems:” The communist regime would regain sovereignty, but the bustling Asian financial hub would maintain its open economic and political systems. For advocates of greater democracy…
On The Edge Of An “Uncontrollable Liquidity Event”: The Definitive Guide To China's Financial System
While most traders over the past month have been obsessing over developments in Washington, the real action – most of it under the radar – has played out in China, where as discussed over the…
ICBC International Signs Framework Agreement with China Renaissance for Long-Term Strategic Cooperation
HONG KONG, March 26, 2017 /PRNewswire/ — China Renaissance Group (CR Group), a leading financial institution dedicated to serving new economy entrepreneurs, and ICBC International Holdings Limited (ICBC International), the sole overseas investment … (…
Financial regulators vow innovation, coordination to prevent systemic risks
China’s top financial regulators vowed on Friday to continue pushing reform and innovation and preventing financial risks amid concerns that rising asset prices and high debt levels could cause troubles. Top officials from the People’s…
China MicroSD Market 2017 Global Manufacturers Analysis & Financial Survey Report to 2021
Market Research Hub (MRH) has recently published a latest market study to its online portal, which is titled as “China MicroSD Market Research Report 2017” This study offers professional analysis of the current state of…
Spoiled-Milk Lending Flows to a Chinese Insurance Giant
an upset that’s highlighting the less-wholesome workings of China’s financial system. Things could certainly turn sour for insurance giant Ping An, which the Financial Stability Board has designated as one of the world’s systemically important…
China’s central bank chief sees end of monetary road in reforms
China’s leaders still banking on ‘irreplaceable’ central … associated with former premier Wen Jiabao’s all-out stimulus response to the global financial crisis. Some critics say the stimulus created a debt mountain equivalent to 261 per…
No surprise: Beijing's pick Lam chosen as Hong Kong's leader
A committee dominated by pro-Beijing elites selected Carrie Lam, Hong Kong’s former No. 2 official, as the financial hub’s chief executive even though she was far less popular than her main rival. Lam received 67…
China will open more to investors, but others must be fair – central bank chief
“we want China to get fair treatment overseas”. Among financial sectors targeted for further opening in China were banking, insurance, investment banking, securities firms, and payments, he told the Boao Forum for Asia. Zhou said…
China, others lift ban on meat imports in boost for Brazil
BRASILIA/BEIJING (Reuters) – China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President…
Hong Kong chooses new leader amid accusations of China meddling
HONG KONG (Reuters) – A small electoral college began voting for a new Hong Kong leader on Sunday amid accusations that Beijing is meddling and denying the Chinese-ruled financial hub a more populist leader perhaps…
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