Bank of China : Pak establishes banking channel with China

Pakistan has formally established banking channel facility to facilitate ever increasing trade volume between the two countries as China has become one of the major business partner of Pakistan. In this respect the State Bank of Pakistan has allowed ... ( read original story ...)

Beijing, Shanghai shut down bitcoin exchanges: media

Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money. A Beijing-based regulator required all exchanges ... ( read original story ...)

Weakest China Developers Menaced by $38 Billion in Bond Puts

China-listed property developers’ total cash and cash equivalents were 826 billion yuan as of June 30, compared with 866 billion yuan at the end of the first quarter, according to Bloomberg-compiled data. New-home prices, excluding government-subsidized ... ( read original story ...)

Eastern Promises: China’s Mobile E-Commerce Report

China’s mobile e-commerce market earned a staggering $529.8 Billion in 2016. This report by Appcoach, the experts in Asia’s mobile market, gives an introduction to the mobile landscape in China with a closer look at the mobile e-commerce and payments ... ( read original story ...)

Best Inc. cuts IPO expectations one day before debut

A man walks in the compound of a distribution hub of the Chinese logistics company Best Inc in Beijing, China June 27 ... expected a price range of US$13 to US$15 per ADS and an IPO consisting of 53.56 million new shares and 8.54 million existing shares. ( read original story ...)

China-based Qudian Inc files for IPO

Sept 18 (Reuters) - China-based online credit provider Qudian Inc said on Monday it has filed for an initial public offering of up to $750 million of class A ordinary shares represented by American Depository Shares (ADSs), according to an SEC filing. ( read original story ...)