HONG KONG (AP) — Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines. Wang Chungying, a spokeswoman for China’s…
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China says cross-border cash flows hit turning point in ’17
War on financial risk to continue
The war on financial risks will continue this year in China, with renewed efforts to crack down on shadow banking activities and further rectification of financial irregularities, said the head of the nation’s banking regulator.…
Opinion/Column: China may force a financial reckoning
Is China about to do the United States a big favor, however unwittingly? According to Bloomberg, China is considering whether to slow, or even stop, purchases of U.S. Treasuries. At $3.14 trillion, China holds the…
China tightens rules on insurers to fight local govt. debt risk
Beijing has taken a series of measures in recent months to rein in local government debt as part of a broader effort by Beijing to reduce financial risks in the world’s second-largest economy. A notice…
Will Indonesia’s ATM market follow the same path as China and India?
Will Indonesia’s ATM market follow the same path as China and India? Self-Service Banking Asia returns … For more information, please visit www.rbrlondon.com/ssba. Here at Fintech Finance, we work with renowned executives in the industry…
Shenzhen, China to host WTA Finals till 2028
MELBOURNE, Australia – The season-ending WTA Finals will be held in Shenzhen, China for a decade starting next year. The WTA issued a statement Thursday saying real estate developer Gemdale Corporation submitted the winning bid…
China criticizes US moves on intellectual property, telecoms
China is criticizing recent moves by the U.S. government and Congress targeting the sale of fake goods and Chinese telecoms equipment. Commerce Ministry spokesman Gao Feng said Thursday that the U.S. Trade Representative lacked “objectivity”…
China must bring household debt under control, banking regulator says
China’s banking watchdog has publicly acknowledged that household debt levels are becoming a cause for concern. In an interview published in Monday’s People’s Daily, the official mouthpiece of the ruling Communist Party, Guo Shuqing, chairman…
Big portion of future GM electric vehicles for China market: executive
DETROIT (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said,…
Hong Kong needs more financial innovation to effectively tap Greater Bay Area opportunities
HNA Innovation Finance Group Zhang Yuge, China Development Institute’s director of Hong Kong and Macau Studies, said more local policies to promote economic cooperation between Hong Kong and the rest of the bay area were…
Trump considers big ‘fine’ over China intellectual property theft
Trump and economic adviser Gary Cohn said China forced U.S. companies to transfer their intellectual property to China as a cost of doing business there. U.S. businesses say they lose hundreds of billions of dollars…
RPT-EXCLUSIVE-Trump considers big ‘fine’ over China intellectual property theft
theft@ (Repeats to additional clients with no change to text) WASHINGTON, Jan 17 (Reuters) – President Donald Trump said on Wednesday the United States was considering a big “fine” as part of a probe into…
Exclusive: Trump considers big ‘fine’ over China intellectual property theft
WASHINGTON (Reuters) – President Donald Trump said on Wednesday the United States was considering a big “fine” as part of a probe into China’s alleged theft of intellectual property, the clearest indication yet that his…
