But any successor will face challenges working for Xi Jinping, China’s president, who appears determined to reassert control in a financial sector that Mr. Xi’s allies see as needing more government control, not less. “No…
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China’s Reformist Central Banker Could Be a Tough Act to Follow
China faces risk of financial tsunami
Credit default swap products sent many a financial firm to the edge of collapse in 2008, and almost 10 years after that financial tsunami no one can believe it that another potential CDS crisis is…
China’s top consumer credit firm fined US$1.37 million for malpractice, executives fined, blacklisted
Bank of Beijing Consumer Finance Company, which was established in 2010 with the hope of finding a business model for consumer credit in China, was fined nine million yuan (US$1.37 million) for “seriously violating prudent…
China virtual currency events moved or delayed as central bank bans digital coin fundraising
Two conferences on cryptocurrencies and related technologies in China’s capital Beijing have been abruptly moved or delayed while a third in a provincial city has been cancelled, on the same day as the central bank…
Warburg Pincus adds $183 mln to China’s Nova Property investment
HONG KONG, Sept 4 (Reuters) – Private equity firm Warburg Pincus LLC on Monday said it will invest $183 million in Nova Property Investment Co. Ltd as the Chinese real estate developer and asset manager…
China central bank says initial coin offerings are illegal
BEIJING (BLOOM BERG) – China’s central bank said that initial coin offerings are illegal and have asked all related fund-raising activity to be halted immediately, according to a notice from the regulator. The People’s Bank…
China says Trump’s trade threat over N. Korea ‘unacceptable’
BEIJING — China says President Donald Trump’s threat to cut off trade with countries that deal with North Korea is unacceptable and unfair. Trump said on Twitter on Sunday the United States is considering halting…
China just banned initial coin offerings, calling them illegal fundraising
BEIJING (Reuters) – China’s central bank on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), saying the practice constituted illegal fundraising. ICOs have become a bonanza for digital currency ……
China-Arab expo contributes to increased collaboration, trade ties: Jordanian official
… The upcoming third China-Arab States Expo to be held in China represents “a huge opportunity” for Jordan and China to build new business partnerships and explore investment possibilities, a senior official of the Jordanian…
Hyundai Motor replaces China chief after supply disruption, diplomatic tensions
SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) said on Monday it had replaced the head of its China operations – an appointment that comes on the heels of a supply disruption and as it…
China’s online education market to grow 20pc annually, bolstered by new tech
China’s online education industry has grown rapidly in the past few years, but analysts believe more business opportunities will surface as technology advances and capital pours in. China could become one of the world’s most…
BRICS meeting to take on protectionism, China says
But those remarks are cold comfort to some critics of China, foreign business groups and governments alike, who say China has done little to remove its own discriminatory policies and market barriers that favour Chinese…
China pledges small increase in funding for BRICS
XIAMEN, China (Reuters) – China will give 500 million yuan ($76.4 million) for a BRICS economic and technology cooperation plan, and another $4 million for projects at the BRICS countries’ New Development Bank, Chinese President…
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