Setting up the NUCC is to fix these loopholes and also reduce transaction risks by putting online capital flow under regulation, Guo Tianyong, a professor of Central University of Finance and Economics, was quoted as…
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Central Bank requires all online payment connect to a unified platform by middle of 2018
In Manila this week, ASEAN faces difficult balance between US and China
According to Vermonte, ASEAN member countries should contribute more to finance the region’s activities … benefits in their bilateral relationship with Washington and Beijing. Vermonte, the Jakarta-based expert, said while Southeast Asian countries … (…
Credit crunch, 10 years on: fate of RBS shows global crisis is not over
Lord Turner reckons the authorities in Beijing could contain a financial crisis – but the inevitable slowdown in the Chinese economy that would follow would prove costly to the rest of the world. But he…
‘South China Sea claimants will suffer if harsh to China’
“By entering into weighty financial agreements, we may end up not only tying … Critics say the agreed outline of key principles is lopsidedly in China’s favor and suspect that Beijing may have consented to…
China approves 7 IPO applications
BEIJING, Aug. 5 (Xinhua) — The China Securities Regulatory Commission (CSRC) has approved IPO applications for seven companies. They will raise up to 2.8 billion yuan (420 million U.S. dollars), the CSRC said. Three of…
China stocks regulator approves seven IPOs to raise $416 million
SHANGHAI (Reuters) – China’s securities regulator has said it has approved seven initial public offerings (IPOs) that aim to raise a combined total of up to 2.8 billion yuan ($416.22 million). Three of the approved…
China Mobile fined for preventing court from seeing dead user’s call log
A local branch of China Mobile has been fined 500,000 yuan after it denied access to a user’s call log despite a local court order, triggering public debate on jurisdiction over personal privacy. The company…
China regulators plan to crack down further on overseas deals
Officials at the banking regulator, the commerce ministry … the property-to-film conglomerate Dalian Wanda and Anbang Insurance Group. Beijing’s stepped up deleveraging campaign, as part of efforts to control debt risk to the broader financial…
Bank body sees steady year ahead
“China’s steady and upbeat economic conditions, prudent and neutral monetary policy and the banking industry regulator’s effective … By the end of 2016, Chinese banks in Beijing had offered 4 billion yuan in such loans.…
How This Silicon Valley Giant Is Backing China’s Tech Ambitions
Qualcomm is providing money, expertise and engineering for Beijing’s master plan to create its own technology … that could enable China to break into the lucrative mainframe banking business. “There’s a great deal of unease…
China’s Resource Diplomacy: It’s not Charity for sure
… bank is highly regarded as a competitor or alternative to the IMF and World Bank. China’s economic clout in Africa has strengthened and there are fears that Beijing would use these development banks as…
UN moves to cut a third of North Korea’s $3 billion annual export revenue over ICBM tests
Carlos Barria/Reuters The draft resolution would also add nine individuals and four entities to the U.N. blacklist, including North Korea’s primary foreign exchange bank, subjecting them … new resolution is adopted as Beijing is still…
China the pillar of BRICS financial cooperation: Expert says
Emmanuel Daniel, chairman of The Asian Banker, in an interview on the sidelines of The Future of Finance China 2017 Summit in Beijing, Aug 3, 2017. [Photo by chinadaily.com.cn] BRICS is an attractive investment proposition…
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