Tag: banking

BEIJING (Reuters) - China's Politburo, the Communist Party's top decision-making body, said Beijing will implement a "proactive" fiscal policy and "prudent" monetary policy in the second half of the year, the official Xinhua news agency reported on Monday. ( read original story ...)

Since regulators opened up the consumer finance market three years ago, lenders have deployed hundreds of thousands of salespeople to cash registers and even car parks across China to hand out on-the-spot loans for phones, electronic gadgets and cars. ( read original story ...)

SHANGHAI — Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that are ignored until they start moving ... ( read original story ...)

At a Samsung smartphone shop in a mall in Shanghai, 31-year-old Lin Wenjie is considering which phone to buy when a saleswoman approaches him with a suggestion. The saleswoman, who works for consumer lending company Home Credit, tells him she knows how he ... ( read original story ...)

Beijing is on guard against threats from a veritable jungle of financial risks – from the unpredictable “black swan” to the predictable “grey rhino”, the People’s Daily said in an editorial. The terms slipped into the lexicon of the Communist ... ( read original story ...)

BEIJING (Reuters) - China Construction Bank Corp (CCB), the country's second-largest commercial lender, said on Friday it has received regulatory approval to set up a subsidiary to conduct market-driven debt-for-equity swaps. CCB was the first among ... ( read original story ...)

BEIJING — China’s government has announced a goal of making the ... Baidu Inc. and Alibaba Group are spending heavily to develop artificial intelligence for finance, self-driving cars and other applications. Manufacturers also are installing robots ... ( read original story ...)

U.S.-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit licence requests to operate in China within months, according to three people with direct knowledge of the matter. The long wait for the U.S ... ( read original story ...)

HONG KONG (Reuters) - U.S.-based payment card companies, including American Express (AXP.N), MasterCard (MA.N) and Visa (V.N), are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of ... ( read original story ...)

Even badly bruised small caps shrugged off early weakness to end the morning higher, though traders were not sure if their recent sharp correction has ended. The blue-chip CSI300 index rose 1.1 percent to 3,707.23 points by the lunch break, while the ... ( read original story ...)