State media hailed Alipay as one of Chinas four great modern inventions, putting it and bicycle sharing, e-commerce and high-speed rail up there with the compass, gunpowder, papermaking and printing.
Tagged By banking
China’s Top Brokers Ask Senior Bankers to Fly Coach to Cut Costs
China’s two largest investment banks are making broad cuts to travel budgets that will impact junior bankers as well as senior directors as they seek to reign in costs and boost profitability.
Ratio cut gives China room to deal with Fed policy shifts -ex-PBOC official
China’s cut to bank reserve requirements could help authorities to deal with shifts in U.S. monetary policy and may relieve future downward pressure on the yuan, a former Chinese central bank official …
It’s coming home — China on tech
While Beijing continues to turn the screws on companies like ride-hailing service Didi, which want to raise money and list in New York, the Chinese tech sector is also suffering restrictions in India …
Beijing 2022 Gains Familiar Olympic Sponsor
Bank of China penned the deal with the Beijing 2022 Winter Games on July 13, also becoming the organizing committee’s first Official Partner. The sponsorship deal opens up the marketing program for …
Beijing 2022 Secures Supplier Sponsorship
Beijing 2022 launched its marketing program in February of this year, adding three previous top tier domestic partners. Bank of China, Air China and Yili Group are providing banking services, air …
Post-Games Legacies of Beijing 2008 Venues Set Sustainable Standard for Beijing 2022
Articles Post-Games Legacies of Beijing 2008 Venues Set Sustainable Standard for Beijing 2022 Hosting a Winter Olympics that are athlete-centred, sustainable and economical has be …
Bank earnings preview — pullback gives you an opportunity to buy the stocks
What may be a temporary drop in long-term interest rates has placed a drag on shares of the biggest banks — but there’s plenty of good news for the industry.
Here’s your chance to buy bank stocks before rising interest rates boost profits
What may be a temporary drop in long-term interest rates has placed a drag on shares of the biggest banks — but there’s plenty of good news for the industry.
U.S. Reaffirms Commitment to ‘One China’ Policy, Beijing Cuts Banks’ Reserve Requirement, Shanghai Raises Minimum Wage
They have also been following the country’s decision to cut banks’ reserve requirements. 1. U.S. remains committed to “one China” policy The White House (external source, in Chinese) has said that …
Boost from Chinese bank stimulus ‘won’t last’
Support for global risk assets from the liquidity boost provided by the reduced reserve requirement ratio for Chinese banks announced at the end of last week may prove fleeting.
Beijing says it ‘drove away’ US warship in South China Sea amid rising tensions over contested waters
While the US has yet to confirm the incident, China says USS Benfold illegally entered its territorial waters near the Paracel Islands on the anniversary of an international court ruling against …
After China’s Surprise Bank Reserve Ratio Cut, Analysts Look for More Support Signs
The People’s Bank of China’s surprise cut in lenders’ reserve required ratio has analysts speculating on what further steps are coming to bolster the economy as the recovery gradually slows.
