Total transactions of China mobile banking clients totaled 55.63 trillion yuan (US$8.44 trillion) with an increase of 5.1% QoQ. China Construction Bank (26.1%) and Industrial and Commercial Bank of China (21%) combined account for close…
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Biden says he ‘managed’ frosty China relations. Critics say management was the problem.
Xi says China, Vietnam to build community with shared future of strategic significance
Chinese, Israeli companies strike deal for joint venture battery plant in Spain
China set to unveil three incredible skyscrapers – all 400m tall and completing in 2025
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China’s economy meets official growth target, but many feel worse off
China Scores Victory Over US in TikTok War
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China’s mobile banking market overview Q2 2017
China busts secret bank in Guangzhou sending assets abroad
SHANGHAI: Chinese police have broken up a secret banking operation used to transfer assets abroad, the official China Daily reported on Tuesday. The underground bank, hidden in a food market in the southern city of…
China Banking Association says S&P’s ratings cut ‘simple, biased’
The S&P Global Ratings’ downgrade of China’s sovereign credit rating is a “simple, biased and unfair” decision that is against economic fundamentals and indicators, China Banking Association said Monday. The association said the rating downgrade…
Asian Development Bank boosts China’s economic forecast
The Asian Development Bank (ADB) raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. ADB now expects China’s economy to…
China’s iQiyi considers U.S. listing as early as 2018: source
HONG KONG/BEIJING (Reuters) – Baidu Inc’s (BIDU.O) video streaming service iQiyi, a Chinese-style Netflix (NFLX.O), is eyeing a potential initial public offering in the United States as early as next year, a person with direct…
China disrupts WhatsApp ahead of Communist Party meeting
On Monday, China’s cyber watchdog handed down maximum penalties to some of the country’s top technology firms including Tencent, Baidu and Weibo for failing to properly censor online content. The penalties were imposed for failing…
China’s Netflix to Seek at Least $8 Billion Value in IPO
Baidu Inc.’s iQiyi is targeting a U.S. initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the…
KPMG sees Hong Kong IPO proceeds to reach up to $19.3b in 2017
HONG KONG — IPO proceeds of China’s Hong Kong Special Administrative Region are expected to reach up to HK$150 billion (about $19.3 billion) in 2017, with listings from technology, media, and telecom (TMT) sectors on…
Baidu’s iQiyi said to seek at least $8 billion value in US IPO
The IPO process however is in its early stages and the final valuation … Many Google services that distribute content, such as YouTube, remain blocked in China, reducing the US company’s ability to expand in…
In Ivanka’s China, business ties shrouded in secrecy
SHANGHAI — It is no secret that the bulk of Ivanka Trump’s merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an…
China to further open up finance
China is poised to allow access to more foreign financial institutions to help the development of the domestic financial sector, as top policymakers are reportedly mulling new measures to push ahead with reform and opening-up…
China approves another batch of 9 IPOs
Another set of applications to launch IPOs has been approved in China. The China Securities Regulatory Commission (CSRC) has recently given its go-signal on the IPO applications of nine companies. The firms hope to fetch…
US commerce secretary visits Beijing before Trump trip
U.S. Commerce Secretary Wilbur Ross said Monday that Washington is hoping for concrete progress during President Donald Trump’s planned trip to China amid rising trade tensions. Ross met with Chinese Premier Li Keqiang, the country’s…
