China is drafting new rules to rein in businesses offering multiple financial services after runaway growth in recent years has left regulators without a firm handle on their risks to the economy. Officials at the…
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The deadly drug that’s complicating US-China trade
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China Plans New Risk-Management Rules for Financial-Services Firms
China’s New Systemic Risk Rules May Curb Giant Ant Financial
There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax…
Opening of China’s Financial Sector Offers Opportunities, Risks
China’s $42 trillion financial sector is set to open up to the world like never before. To deliver on longstanding pledges and help stave off the threat of tariffs from U.S. President Donald Trump, Chinese…
Jack Ma’s Ant Financial adds two new money market funds to its platform
The two new funds do not have any subscription caps, it said. Yu’e Bao is an online spare cash management platform integrated with Ant Financial’s payment app Alipay, one of China’s largest digital payment platforms.…
Exclusive: China ramps up checks on U.S. pork imports in potentially costly slowdown
BEIJING (Reuters) – China has ramped up inspections of pork shipped from the United States, importers and industry sources said, the latest American product to be hit by a potentially costly slowdown at Chinese ports…
Kim Jong Un met with Xi Jinping in China again as Beijing struggles to remain relevant in Korea talks
North Korean Leader Kim Jong Un met with Chinese President Xi Jinping on Tuesday, in a suprise visit that again came unannounced. Chinese media confirmed that Kim had visited and met with Xi, according to…
Kim Jong Un met with Xi Jinping in China again as Beijing struggles to assert its will on Koreas
North Korean Leader Kim Jong Un met with Chinese President Xi Jinping on Tuesday, in a suprise visit that again came unannounced. Chinese media confirmed that Kim had visited and met with Xi, according to…
China confirms Kim Jong-un returned for meetings with Xi Jinping
The two discussed bilateral issues, with Xi telling Kim of his support of talks between North Korea and the United States, Xinhua news agency in China reported. China is North Korea’s only major ally, although…
China reports meeting between Xi, North Korea’s Kim
the official Xinhua News Agency reported. “In a cordial and friendly atmosphere, the top leaders of the two parties and the two countries had an all-round and in-depth exchange of views on China-DPRK relations and…
China central bank skips open market operations
The People’s Bank of China (PBOC) is seen in this file photo taken in Beijing. [Photo/Xinhua] BEIJING – China’s central bank suspended open market operations on Tuesday for the second working day as liquidity remained…
China’s central bank says will further push forward yuan internationalisation
BEIJING (Reuters) – China’s central bank said on Tuesday that it will further push forward yuan internationalisation this year and expand the cross-border use of the Chinese currency. ( read original story …)
People’s Bank of China to push yuan global use ‘to a new level’
People’s Bank of China to push yuan global use ‘to a new level’ China will continue to expand cross-border use of its domestic currency, the yuan, this year, the central bank says. The global use…
China to expand cross-border RMB use
BEIJING – China will continue to expand cross-border use of its currency Renminbi, or yuan, this year, according to the central bank. The global use of the Chinese yuan is one highlight of China’s financial…
