SHANGHAI/HONG KONG (Reuters) – China is stepping up measures to stem capital outflows after the yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound investments that have soared…
FINANCE
China Finance Online Reports Third Quarter …
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-finance-online-reports-third-quarter-and-nine-months-ended-september-30-2016-unaudited-financial-results-300369574.html SOURCE China Finance Online Co., Ltd … ( read original story …)
‘Social’ Feature Turns China’s Alipay Into a Hook-Up App
One of China’s best-known online-payment apps found itself testing that proposition after a new feature transformed it into a dating site of the racier variety. Late last week, Ant Financial Services Group, the financial affiliate…
China Distance Education Holdings Limited Reports Financial Results for Fourth Quarter and Fiscal Year 2016
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-distance-education-holdings-limited-reports-financial-results-for-fourth-quarter-and-fiscal-year-2016-300369828.html Stocks you’ve viewed will appear in this … ( read original story …)
Microsoft Expands Cloud Business in China
Microsoft Corp. (NASDAQ:MSFT)becomes the second biggest cloud services providers in China, behind Alibaba’s AliCloud, the South China Morning Post reports. According to the South China Morning Post, the software giant’s Azure cloud platform has 17.3…
China’s Debt-Laden Companies Take a Load Off—for Now
If the rally falters next year along with the housing market, financial problems are likely to re-emerge. Profits among industrial companies in the first 10 months of 2016 were up 8.6% from… ( read original…
Investment bank China Renaissance launches new domestic JV, eyes U.S. growth
HONG KONG China Renaissance launched a domestic securities joint venture on Tuesday to tap the growing advisory and stock broking businesses, but the boutique investment bank is also targeting a big U.S. expansion to capture…
Facebook Must Stay Out of China
Facebook Chief Executive Officer Mark Zuckerberg has long been courting China’s leaders, studying Mandarin … conditions would make any deal not worth the cost, either ethical or financial. Though the U.S. press often writes as…
China central bank rejects media report that some mortgage lending suspended
BEIJING (Reuters) – The People’s Bank of China (PBOC) on Tuesday rejected a media report which said the central bank had told some banks in cities with overheated property markets to stop issuing new home…
China’s big march into infrastructure finance
The big theme of the coming decades in finance is infrastructure. That was the message delivered by US President-elect Donald Trump in his acceptance speech on November 9 and that theme resonates across Asia. This…
CSC Financial’s Hong Kong IPO Seeks as Much as $1.06 Billion
Cornerstone investors will buy about $597 million of stock Citic, China Structural Reform Fund to purchase shares in IPO CSC Financial Co., the Beijing-based brokerage and investment bank, and an existing shareholder are seeking as…
Straszheim: Trump to 'Shuffle His Feet' on China
Nov.29 — Donald Straszheim, head of China research at Evercore, discusses U.S. President-elect Donald Trump’s approach to China and his expectation that China will retaliate and hurt American businesses if tariffs are put in place…
China puts brakes on overseas spending spree
China has spent hundreds of billions of dollars from its vast foreign exchange reserves, the world’s largest, in its efforts to keep the yuan from falling too rapidly. Chinese investment in non-financial firms surged 53…
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