It has been reported that Bank of China and HSBC will launch a blockchain-based housing mortgage service in Hong Kong. The new technology will certify and share the real-estate valuation information in seconds, which used…
FINANCE
China may fully open investment banking sector
Wall Street banks may soon be able to establish wholly owned investment banking business on the mainland as China is reportedly considering fully opening the country’s investment banking sector. The China Securities Regulatory Commission has…
China forex reserves hit lowest value since 2011
The US$45.727 billion drop was the fourth consecutive monthly decline and took China’s overseas-currency warchest to US$3.121 trillion, according to the People’s Bank of China. The consumption of non-fossil energy must accounts for 15% of…
China c.bank to keep liquidity ample, curb asset bubbles
BEIJING Nov 8 China’s central bank said on Tuesday that it will maintain ample liquidity and achieve reasonable growth in money supply and credit, while taking steps to control asset bubbles and financial risk. The…
The Initial Joint Promotion of Educational Innovation between Chinese Financial and Educational Organizations
SHENZHEN, China, Nov. 8, 2016 /PRNewswire/ — On November 5, 2016, the 10 th China International Financial Expo ‘China Educational Financial Summit Forum’ was held in Shenzhen. Under the guidance of the Shenzhen Municipal government,…
China central bank to keep liquidity ample, curb asset bubbles
BEIJING (Reuters) – China’s central bank said on Tuesday that it will maintain ample liquidity in the country’s financial system while taking steps to prevent asset bubbles in an increasingly leveraged economy. In its third-quarter…
Asia financial body says China cyber security law could make risk management harder
HONG KONG (Reuters) – The chief of one of Asia’s most prominent financial trade bodies on Tuesday said new cyber security rules in China could make it harder for foreign companies operating in the country…
China Inc.’s Investment Bank Dives Into Troubled Retail Market
China International Capital Corp., the investment bank ex-Premier Zhu Rongji set up two decades ago to help restructure the Chinese economy, is again taking on a role that fits with the government’s agenda. CICC’s $2.5…
While world watches the U.S. election, China unveils three major decisions within three minutes
Lou had overseen a restructuring of local-government finances that helped cut the cost of a record accumulation of debt by cities and provinces after the global financial crisis. Sotheby’s signs deal with ‘Zillow of China’,…
China’s New Finance Minister Faces a Juggling Act
China’s new finance minister Xiao Jie inherits from his reformist … to reduce the cost of a record amount of debt run up by provinces after the global financial crisis. But his plans to clamp…
Financial risk may be China's gift to next president
Back in 2008, incoming President Barack Obama inherited a US financial crisis that was to some degree made in China. The next US president may well confront a Chinese financial crunch with its origins in…
AgBank fine shows China banks still flunking compliance test
BEIJING (Reuters) – Last week’s $215 million (173 million pound) fine for Agricultural Bank of China Ltd (AgBank), the third big Chinese bank disciplined by U.S. regulators in 16 months, shows Chinese lenders still falling…
China intervenes in Hong Kong legal system in boldest move yet
China’s parliament passed an interpretation of Hong Kong … The scenes on Sunday night were reminiscent of pro-democracy protests in late 2014 that paralyzed parts of the Asian financial centre and posed one of the…
