The People’s Bank of China said in a statement on its website that it had told the exchanges during the Wednesday meeting not to take part in financial activities such as margin lending or allow…
FINANCE
China, U.S. help Pernod beat estimates, India lags
“We are not changing our guidance despite this headwind in India which is offset by a better-than-expected performance in China,” Chief Executive Alexandre Ricard told Reuters by phone. The owner of Absolut vodka, Martell cognac…
Jaguar Land Rover’s ongoing investment in China hides serious Brexit challenges
Jaguar Land Rover (JLR), owned by India’s Tata Motors, increased sales to China from around £250 million in its 2009 financial year to almost £8 billion in 2014-2015, allowing it to more than double its…
China's Shenhua apologise after failing to make Champions League
SHANGHAI (Reuters) – China’s high-spending Shanghai Greenland Shenhua FC, spearheaded by expensive new signing Carlos Tevez, have apologised to fans after being dumped out of Asia’s top club competition by Australian side Brisbane Roar. Shenhua…
Opinion: How Precarious Is China’s Economy? (FXI)
Investors and financial journalists alike have been predicting imminent collapse of China’s economy for some time now. Most of the arguments suggest that the communist Chinese government has been “cooking the books.” In other words,…
Alibaba's Ant Financial to raise as much as US$3 billion in debt – source
HONG KONG: China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between US$2 billion to US$3 billion in debt to fund acquisitions and foreign investments, a person…
China Proposes New Commission To Tighten Internet Laws
China has proposed to further tighten control over the internet … Mark Austen, chief executive of the Asia Securities Industry and Financial Markets Association, told a forum in Hong Kong in November that the law…
Ghana to foster stronger ties with China – Finance Minister
The Minister of Finance has hinted of the new government’s commitment, to develop better relationship with the Chinese, which is aimed at developing a robust economy. In view of this, the government is expected to…
Alibaba's Ant Financial in talks to raise more than $3 bln – report
HONG KONG (Reuters) – China’s most valuable online finance company, Ant Financial, is looking to raise more than $3 billion in debt to fund international expansion, according to technology news website The Information. The finance…
China Seen as Key to Financial Sanctions on North Korea
China’s willingness to implement existing sanctions is vital to financial pressure on the development of nuclear arms by North Korea, a former senior U.S. official said Tuesday. Since early 2015, Washington has been applying incremental…
Atlantic Canadian oil headed to China for the first time amid OPEC cuts
ARC Financial Corp. vice president, energy research Jackie Forrest said she was not aware of any previous shipments of oil from Atlantic Canada heading to China because of the high price of transportation. “Typically, there…
Why China's Central Bank Is Losing Money
Bill Adams, senior international economist at PNC Financial in Pittsburgh says China’s rainy day fund is in decline because exports are in decline, foreign investment into China is weaker than usual and interest rates are…
A greener shade of digital finance
BEIJING – Digital finance has turned out to be an unexpected revolutionary, simply by enabling low-cost financial inclusion. Thanks to new financial technologies (fintech), consumers can shop seamlessly, migrants can send hard-earned money to their…
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