Beijing News, a prominent Chinese mainstream media outlet, stated in a recent coverage of bitcoin that the rapid growth of the digital currency is directly attributable to vulnerable monetary systems which serve the global financial…
FINANCE
China Dividend ETFs And No Banking
Manufacturing is still on the rise while export levels are holding parity, domestic trade is supporting growth. Consumer sentiment is also rising along with the muted rise of the Shanghai index which shows no sign…
China vows to contain corporate debt levels as inflation heats up
Xu said China will not allow debt of non-financial firms to rise beyond current levels, and will step up efforts to encourage companies to restructure their debts. China’s corporate debt has soared to 169 percent…
China's December producer prices accelerate at fastest pace in over five years
China’s sustained producer price jump has not yet started filtering … The PBOC reaffirmed it would keep liquidity in the financial system stable while taking steps to prevent asset bubbles and financial risks in its…
Despite lack of success in China, foreign banks' investments still pay off
Australia and New Zealand Banking Group (ANZ) has become the latest foreign bank to scale back its China presence by selling its stake in a Chinese lender. With the sale, ANZ has followed many foreign…
Xiaomi And Meituan Enter Chinese Internet Bank Market
Xiaomi gets a 30% stake in the third internet bank in China, after those led by Alibaba and Tencent. It is also the first privately owned bank in western China. Meituan, China’s largest group buying…
China pledges further cuts in excess steel, coal production
BEIJING — China’s top economic planner pledged Tuesday to continue cutting steel and coal production that have been a source of trade friction with many countries. China reached targets for cuts last year, Xu Shaoshi,…
China seeks foreign investment in five-year trade plan
BEIJING (Reuters) – China’s commerce ministry reiterated its determination to lure foreign investment in manufacturing and its backing for domestic companies going overseas in a foreign trade plan for the five years to 2020 published…
China's banks have limits on how much they can lend
In fact, the opposite has happened. Central and local government borrowing in China has soared: bank and shadow-bank credit has grown rapidly: and the People’s Bank of China (PBOC) has increasingly issued direct loans to…
China's poorest, trying to stay warm, add greatly to smog
QIAN’AN, China — An overloaded coal truck rumbles down from the steel factory and hits a bump, sending chunks of its black cargo skittering and click-clicking along the asphalt. Waiting by the roadside, a farmer…
Big China bitcoin exchange says no government pressure on outflows
SHANGHAI (Reuters) – The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and…
China Rapid Finance Announces Partnership with Tencent Licaitong For Investment Products
Marketplace lending platform, China Rapid Finance, announced on Sunday it has teamed up with Tencent’s wealth management platform, Licaitong, to provide new investment products for individual investors. The online lender stated that with it as…
Tencent, China Rapid Finance team up on new online consumer investment products
Internet giant Tencent Holdings could be poised to ramp up the operations of its online wealth management service, Licaitong, under a new alliance with China Rapid Finance, operator of the mainland’s largest online consumer lending…
