At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals …
FINANCE
Will banks adop e-finance fast?
Central banks cannot wait on the sidelines. They should match or better the value propositions of e-coins and fintech platforms. Cross-system interoperability can be achieved if a consortium of …
China’s FM visits Kiribati, where fishing ground is at stake
China’s foreign minister was due Friday to visit the remote Pacific nation of Kiribati, where the future of a vast fishing ground is at stake. The four-hour visit by Wang Yi was his second stop…
‘Wholesale policy U-turns’ needed in China, JPMorgan says, as global banks point to economic contraction in second quarter
China’s stock markets might have more room for decline, with US bank JPMorgan Chase and Swiss private lender Union Bancaire Privee forecasting a contraction in the second quarter for the world’s …
Opening Remarks to the Biden Administration’s Approach to China
Kevin Rudd’s introductory remarks, opening U.S. Secretary of State Anthony Blinken’s address on the administration’s policy towards China.
Fanhua Reports First Quarter 2022 Unaudited Financial Results
Fanhua Inc. (Nasdaq: FANH), (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced its unaudited financial results for the first quarter ended March …
Key priorities for virtual bank
Hong Kong and mainland China have been relatively active in licensing virtual banking business models, whereas regulations in Malaysia and Singapore where draft regulations exist, virtual banks are …
The scoop on U.S.-China relations
Demetri Sevastopulo, veteran Asia reporter who covers the U.S.-China relationship for the Financial Times, talks about his breaking stories and the Biden administration’s long-awaited China policy.
Insurance program launched in Beijing to encourage vaccination among the elderly
The insurance industry in Beijing is making efforts to promote vaccination among the local elderly by launching an insurance program for vaccinated people aged 60 and above, the Beijing banking and …
Alibaba Annual Profits Lower, Rocked by Investment Losses, Slowing China Economy
China’s e-commerce and media giant Alibaba recorded lower … Speaking later on a conference call with financial analysts, Zhang gave a cautious insight into his understanding of the changing …
Senators express alarm over China-linked bid to purchase Forbes
A group of GOP senators has written a letter to Treasury Secretary Janet Yellen to express their concern about the proposed acquisition of Forbes by an entity they say is linked to the Chinese …
China’s central bank faces a delicate balancing act
A strong dose of monetary easing may boost short-term growth, but would risk inflating stock and housing bubbles …
China Introduces Financial Subsidies For Domestic Carriers
SINGAPORE―China’s ministry of finance and the Civil Aviation Administration of China (CAAC) are rolling out an aid package for the country’s domestic airlines currently financially affected by …
