"There are some different brands of rice wine in the supermarket, but rice wine isn't common in restaurants." Try it at: During the Dongzhi festival (also known as the "arrival of winter") and at street stalls throughout China. Yellow wheat beans are used ... ( read original story ...)
China Is One Step Closer to Becoming a Cash-Free Utopia
In April, Ant Financial, Alipay’s parent company, teamed up with U.N. Environment and other partners to launch the International Cashless Alliance in Hangzhou. Part of an ambitious plan to help advance China into a cashless society, Ant Financial ... ( read original story ...)
China Shows It Can Clean Up Credit Without Killing Off Growth
PBOC says less off-balance sheet lending has impacted M2 Credit’s still going to economy as new loan pace increases China’s monetary authorities are attempting a feat that would test the world’s best financial overseers: Damping down more speculative ... ( read original story ...)
China’s more open capital markets will aid its rise as a global financial hub
After a painful defeat by the Kuomintang in 1934, Mao Zedong ( 毛澤東) led the People’s Liberation Army on a series of marches across 9,000km of the Chinese hinterland. The journey would be called the Long March, and Mao’s leadership during the 370 ... ( read original story ...)
China’s 28tr yuan of wealth management products under mounting stress in second half, analysts say
Wealth management products in China used to be a magical option for investors ... at least for the banks that have bought into products issued by other financial institutions, analysts say. “Banks usually assume their investments in other banks ... ( read original story ...)
China yuan loans rise, but credit slows
A senior banking regulator said last month that China's recent steps to control financial risks have gained traction, as some riskier businesses carried out by banks have been contained. The People's Bank of China switched to a modest tightening stance at ... ( read original story ...)
UPDATE 1-China June new yuan loans rise, but credit growth seen slowing
A senior banking regulator said last month that China's recent steps to control financial risks have gained traction as some riskier businesses carried out by banks have been contained. The People's Bank of China switched to a modest tightening stance at ... ( read original story ...)
Exclusive: Ant Financial refiles for U.S. approval of MoneyGram deal – sources
(Reuters) - Ant Financial, the affiliate of China's Alibaba Group Holding Ltd (BABA.N) that agreed to buy money transfer company MoneyGram International Inc (MGI.O) for $1.2 billion, has resubmitted the deal for U.S. review, people familiar with the matter ... ( read original story ...)
China trial paves way for ‘unhackable’ communications network
The local government of Jinan, a city in eastern China, told the Financial Times on Monday that its departments would begin using the network by the end of August. “We plan to use the network for national defence, finance and other fields, and hope to ... ( read original story ...)
The Fairfield by Marriott Brand Premieres In China With Fairfield by Marriott …
Marriott International and Dossen International Group signed an exclusive development agreement to bring the Fairfield by Marriott brand to mainland China in September 2016. The partnership targets aggressive growth in different cities across China in the ... ( read original story ...)