China has amassed a dizzying collection of 3 trillion banking records in its drive to exert effective regulatory control over the nation’s financial institutions in the digital age. The big data mountain – made up…
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China collects trove of 3 trillion financial records in bid for tighter control of country’s banks
China bitcoin miner Canaan ditches US for Hong Kong IPO
Canaan Creative, China’s second-largest bitcoin mining hardware maker, is planning to seek an initial public offering in Hong Kong instead of the US, which if successful would make it the first blockchain-related company to list…
China’s ZTE Corp says main business operations have ceased due to U.S. ban
ZTE last month was hit with a ban from Washington forbidding U.S. companies to supply it with components and technology after it was found to have violated U.S. export restrictions. “As a result of the…
InterContinental doubles down on China, targets high-end hotel brands
InterContinental Hotels Group (IHG) is doubling down on the China market and plans to acquire or develop more luxury brands to compete against other hospitality giants, according to its chief executive for the country. “Luxury…
China has quietly been preparing to ‘fill the vacuum’ created by the US leaving the Iran deal
China’s role in global diplomacy has been rising, and Trump’s decision to pull the US out of the Iran nuclear deal may have given Beijing a major boost. Alex Vatanka, a senior fellow at the…
Adidas sees ongoing sourcing shift from China to Vietnam
BERLIN (Reuters) – The chief executive of Adidas (ADSGn.DE) expects a shift in its sourcing of footwear from China to Vietnam to continue although he shrugged off concerns on Wednesday about the possible imposition of…
Japan, China, South Korea agree to cooperate on North Korea
China, Japan and South Korea warmed their chilly relations Wednesday … “The three countries will take leadership to achieve peace and prosperity in the Northeast Asia,” Abe told a joint news conference in Tokyo, with…
China to tighten rules on banks’ wealth management business – sources
BEIJING/SHANGHAI (Reuters) – China’s banking and insurance regulator will soon publish detailed rules on banks’ wealth management products (WMPs) as part of Beijing’s effort to curb risks in the financial sector, three sources familiar with…
China’s Tencent signs broad cultural deal with Britain
Its billion user-strong WeChat messaging app sits at the heart of China’s booming internet economy, yet the company remains largely unknown to Westerners outside of technology or financial circles. Tencent said the initial focus of…
“Qingdao, a City of Brands” Global Market Promotion
An Opportunity for Global Investors in the “Made in China” Program QINGDAO, China, May 8, 2018 /PRNewswire/ — Qingdao, known as a “City of Brands”, is the 7th busiest port in the world in terms…
China’s Leshi questioned by bourse over trading suspension risk
HONG KONG (Reuters) – Leshi Internet Information & Technology Corp Beijing, the debt-laden Chinese tech firm founded by Jia Yueting, has been formally asked whether trading in its shares was at risk of suspension, showed…
Paulson Institute to support growth of green finance market
The Paulson Institute’s green finance center will support China’s development of a robust green finance market with market-based solutions. The center, led by Deborah Lehr, vice-chairman of the Chicago-based think tank and research institution, marks…
Big four banks raise first-home mortgage rates in Beijing
(ECNS) — The Beijing branches of China’s big four banks have raised the mortgage rates for first-time home buyers in the capital city. All four lenders—Industrial and Commercial Bank of China, China Construction Bank, Agricultural…
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