SHANGHAI/BEIJING, Aug 31 (Reuters) – China’s central bank has barred financial institutions from issuing certain kinds of interbank loans as a funding loophole, as it continues to keep a tight grip on the potential for…
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RPT-UPDATE 1-China’s c.bank bans longer-tenor NCDs to close bank funding loophole
As Luxury Brands Connect With China’s Young, the Dangers of Debt Loom Large
Last week, a young man tried to end his life by jumping off a bridge and into a river after accumulating over 100,000-yuan in debt. He had borrowed the money from an online credit company…
RYB Education Aims For $100 Million IPO
I’ll provide an update as management discloses more details about the IPO. Quick Take Beijing-based RYB Education (RYB), an early childhood education company, intends to raise $100 million in gross proceeds from an IPO of…
Efforts to mend China-Vatican rift seem stalled over bishops
“Recently, the news we hear is not so good,” said Jeroom Heyndrickx, of Belgium’s Catholic University of Leuven, who has sought to foster informal cultural exchanges between the church and China. Chinese officials who manage…
Pay with your face at this KFC in China
Paying for food at one KFC restaurant in China just got a lot more personal. Forget cash, credit cards or a smartphone — customers can now settle the bill with their face thanks to new…
Despite strains, Vietnam and China forge closer economic ties
HANOI (Reuters) – Tensions are high on the South China Sea as Vietnam faces off against China over their overlapping maritime claims. But for the boatmen on the junks cruising the calm expanse of Vietnam’s…
Just smile: In KFC China store, diners have new way to pay
Yum China, which spun off from its U.S. parent Yum Brands Inc last year, is trying to rev up growth in the world’s second largest economy, where food safety scares and changing consumer tastes have…
WeChat Stores May Change the E-Commerce in China
The emergence of new technology has transformed our consumption environment in an impressive way in China. Brands and influencers have quickly succeeded in penetrating the Chinese market and society by using tools that intertwine into…
Amid THAAD Dispute, South Korean Brands Suffer in China
As the dispute between China and South Korea over the deployment of the Terminal High Altitude Area Defense (THAAD) system continues, South Korean brands are suffering in China. On August 30, Hyundai spokesman Sohn Yong…
KazMeat brand exhibited at ANUFOOD China 2017
BEIJING. KAZINFORM KazMeat, the Kazakh brand, has been exhibited for the second time at the ANUFOOD China-2017 international food exhibition held in Beijing, Kazinform correspondent in China reports. “In 2016, three umbrella brands were created…
China’s property market is a major source of financial risk: central bank official
BEIJING (Reuters) – China’s property market has become a major source of financial risk and Beijing cannot rely on adjustments to monetary policy alone to resolve the “serious” problems caused by the sector, a central…
China’s central bank bans new issuance of long-term NCDs
BEIJING, Aug 31 (Reuters) – China’s central bank said on Thursday financial institutions are not allowed to issue inter-bank negotiable certificates of deposit (NCD) with a tenor exceeding one year from Sept. 1. NCDs with…
China’s property market is a major source of financial risk – c.bank official
BEIJING, Sept 1 (Reuters) – China’s property market has become a major source of financial risk, a central bank official said on Friday, according to China Finance, a publication under the People’s Bank of China…
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