Gold stored in Shanghai Gold Exchange (SGE) designated vaults owned by commercial banks does not to appear on the custodial bank’s balance sheet. More confirmation some gold on the balance sheets is stored outside China.…
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Synthetic Gold Leasing: More Details Regarding The “Precious Metals” On Chinese Commercial Bank Balance Sheets.
Common for foreign banks in China to hire princelings: Reports
From 2006 to 2008, the bank hired Ms Wen’s consulting firm, Fullmark Consultants, to promote its standing in China. Her firm was paid a total of US$1.8 million for two years of service. The average…
Serbia's central bank approves opening of Bank of China branch
BELGRADE Nov 18 Serbia’s central bank has given preliminary approval for Bank of China Ltd to open a branch in the Balkan country, the first time a major Chinese bank will have done so. “As…
In China’s ‘richest village’, every resident has ‘£100K in the bank’
What used to be a farming community back in the 1950s, Huaxi, a village situated in the east of the city centre of Jiangyin, in Jiangsu Province, has reportedly been transformed into a thriving Communist…
‘Made in China’ exhibition will offer opportunities for Qatar in China: Doha Bank
Optimistic on enhanced strategic relationship between Qatar and China, Doha Bank has said the recently held ‘Made in China’ exhibition will offer an opportunity for Doha to tap into the Asian country’s technological advancements. The…
JPMorgan hired kids of China's elite to win business, U.S. charges
Regulators slapped JPMorgan (JPM) with $264 million in fines and said the bank “corruptly influenced government officials” with its hiring practices in China. The settlement ends a three-year investigation into JPMorgan and marks one of…
China’s Internet Moguls See Chance to Capitalize on Era of Trump
President-elect Donald Trump made the vilification of China a key plank of his stormy campaign. Yet its technology giants are already figuring out how they can profit off his victorious White House bid, from the…
China Unicom links with Alibaba in bid to halt decline
China United Network Communications says it has partnered with internet giants in a move to arrest its continuing profit decline and speed up its shift toward the mobile internet. “There is an urgent need to…
China Mobile has a third of global 4G base stations
China Mobile built the world’s largest 4G network with 1.44 million 4G base stations, accounting for 34 per cent of the global total. The move means the country’s three mobile operators are on track to…
JP Morgan pays $264m to settle China 'bribery' probe
US bank JP Morgan Chase is to pay $264m (£212m) to settle claims it hired the children of highly placed Chinese officials to gain business in China. The Department of Justice called the scheme “bribery…
VW, Didi in talks for high-end car-hailing service in China
Volkswagen AG said on Thursday it is in talks with China’s Didi Chuxing to set up a high-end ride-hailing service, while also announcing ambitious sales goals for electric and hybrid vehicles in the world’s biggest…
China doubles down on Internet control ahead of World Internet Conference
China’s leaders and official media are pushing for greater control of the internet and technology products as tensions surrounding a far-reaching Chinese cybersecurity law loom over a gathering this week of the world’s leading tech…
China clamps down on Net
China’s leaders and official media are pushing for greater control of the internet and technology products as tensions surrounding a far-reaching Chinese cybersecurity law loom over a gathering this week of the world’s leading tech…
