Category: FINANCE

A steady flow of news out of China in the past week indicates the government may ... Soon after, the state-endorsed National Internet Finance Association warned that ICOs pose a financial risk and have disrupted the social economic order. ( read original story ...)

China PBOC says all ICOs must be stopped and refunds provided China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the ... ( read original story ...)

China will impose tighter regulation on “systemically important” money-market mutual funds, potentially forcing Ant Financial’s popular fund to de-risk its portfolio and reduce yields for investors. MMFs have exploded in popularity in recent years ... ( read original story ...)

But any successor will face challenges working for Xi Jinping, China’s president, who appears determined to reassert control in a financial sector that Mr. Xi’s allies see as needing more government control, not less. “No matter who is eventually ... ( read original story ...)

Credit default swap products sent many a financial firm to the edge of collapse in 2008, and almost 10 years after that financial tsunami no one can believe it that another potential CDS crisis is threatening markets again - in China.The 194-strong Chinese ... ( read original story ...)

Bank of Beijing Consumer Finance Company, which was established in 2010 with the hope of finding a business model for consumer credit in China, was fined nine million yuan (US$1.37 million) for “seriously violating prudent operating principles ... ( read original story ...)

Two conferences on cryptocurrencies and related technologies in China’s capital Beijing have been abruptly moved or delayed while a third in a provincial city has been cancelled, on the same day as the central bank announced a ban on a type of funding ... ( read original story ...)

BEIJING (BLOOM BERG) - China's central bank said that initial coin offerings are illegal and have asked all related fund-raising activity to be halted immediately, according to a notice from the regulator. The People's Bank of China said it has completed ... ( read original story ...)

The Bank of Singapore, the private banking arm of OCBC, has experienced rapid growth by aggressively expanding its presence in Hong Kong and other cities in Greater China. “Greater China has been the main driver of our growth,” the bank’s chief ... ( read original story ...)

BEIJING (Reuters) - China’s on Monday banned individuals and organizations ... citing data from a government organization that monitors online financial activity. ( read original story ...)