BEIJING (Reuters) – Ant Financial Services Group … so we definitely want to have that capability,” Feagin said. Ant, which dominates China’s online payment market but has been ramping up investment overseas amid fierce rivalry…
FINANCE
China following US path on its way to higher rates
In China, officials are concerned about rampant asset bubbles, fed by a gush of cheap, post-financial crisis cash that found its way to investments from stocks and bonds to artwork and real estate. The People’s…
China Art Financial Announces 2016 Annual Results
HONG KONG, Mar 17, 2017 – (ACN Newswire) – China Art Financial Holdings Limited (“China Art Financial” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1572.HK), the leading art finance service provider…
U.S. to confront trade partners at global finance meeting
Last year’s gathering of the G20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is “open” and…
China, following Fed, lifts short-term rates to steady yuan, battle debt
SHANGHAI China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates…
China raises short-term interest rates for third time in as many months
SHANGHAI China’s central bank raised short-term interest rates for the third time in as many months on Thursday, a day after the end of the annual session of parliament where leaders warned that tackling debt…
Here’s who will benefit from the Beijing-Seoul fallout
Currently, South Korea’s decision to allow the U.S. to deploy an advanced missile defence system on the peninsula has culminated in a series of retaliatory measures from Beijing, including closing Lotte stores in China, limiting…
Beijing would be wise to show restraint over HK election
former financial secretary John Tsang. This appears to be the rationale for Beijing’s open interference in the Hong Kong election, even though Lam herself has warned that such favoritism by Beijing may be counterproductive, making…
China raises short-term interest rate follow US increase
BEIJING, China – China’s central bank raised short-term interest rates Thursday following the U.S. rate increase as Beijing tries to shore up the value of its currency and stanch an outflow of money. The People’s…
US to confront trade partners at global finance meeting
Last year’s gathering of the Group of 20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is…
China lifts short-term rates for third month straight to steady yuan, battle debt
“The higher U.S. rates and tightening of U.S. monetary policy could trigger further capital outflows and have some negative impact on China’s financial system,” Nomura economist Yang Zhao said. “I think they want to stabilise…
Saudi king's visit highlights China's Middle East engagement
BEIJING — A visit to Beijing by Saudi Arabia’s King Salman is highlighting China’s budding engagement with the Middle East, which provides a crucial source of energy to fuel its economy and represents a key…
No evidence yet for official response to China in missile spat – South Korea finance minister
SEJONG, South Korea: South Korea does not have firm evidence that China has retaliated for Seoul’s deployment of a U.S. missile defence system so no action has been taken against Beijing yet, South Korea’s finance…
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