Tag: banking

China has ramped up measures to enable funds to flow back within its borders, in what analysts say is an attempt to combat capital flight and the downward pressure on the yuan. Offshore loans secured by domestic guarantee can be repatriated to China to ... ( read original story ...)

http://www.independent.ie/business/brexit/bank-of-china-in-postbrexit-talks-to-swap-uk-for-dublin-35404921.html http://www.independent.ie/business/irish/article35404920.ece/de90c/AUTOCROP/h342/2017-01-29_bus_28192547_I1.JPG Two major Asian banks are in ... ( read original story ...)

Earlier this week, CCN reported that the People’s Bank of China (PBoC) announced its plans of utilizing blockchain technology to develop a blockchain-based national currency called “RMBCoin,” By using a technology which underpins bitcoin, the PBoC is ... ( read original story ...)

BEIJING, Jan. 29 (Xinhua) -- The Export-Import Bank of China (China Exim Bank) improved financial support for domestic firms to help them increase their presence in the global market last year. The bank issued a total of 208 loans to overseas projects of ... ( read original story ...)

To cut excess leverage in the financial system, China’s central bank has ordered for a stringent control on new loans within the country’s banking sector in the first quarter of this year. The People’s Bank of China (PBOC) particularly gave emphasis ... ( read original story ...)

China’s latest bull market in bonds isn’t about rising prices or improving credit conditions. It’s about fakes. Global uncertainties are pushing government debt yields toward their highest level since September 2015. Amid the chaos, China’s $3 ... ( read original story ...)

There is widespread apprehension regarding the sale of UDC Finance, the country's largest finance company, to China's HNA Group. This is because UDC is an important lender to domestic industrial companies, because it may have to raise its lending rates and ... ( read original story ...)

I just got back from the FDR Presidential Library & Museum in Hyde Park, New York. It was well worth the trip. The following was from his inaugural address: "The test of our progress is not whether we add more to the abundance of those who have much; it is ... ( read original story ...

SHANGHAI, Jan. 26, 2017 /PRNewswire/ — IMAX China Holding, Inc. (“IMAX China”, HKG: 1970), today announced it will host its annual conference call to discuss full-year 2016 financial results on Thursday, Feb. 24, at 8:00 a.m. Hong Kong time. ( read original story ...)

Competition from Shenzhen Hong Kong is generally seen as a place for finance, and Hong Kong’s fintech sector keeps growing despite some uncertainty due to regulations from Beijing. Yet, it is also facing increasing competition from Shenzhen. Aside from ... ( read original story ...)

Ant Financial has a big market share in the online payments industry in China. The acquisition could help the company extend the lead as well as expand overseas, as competition is growing in China with rival Tencent's WeChat payment system. US-listed ... ( read original story ...)

Beijing wants banks to adopt the technology to help combat chronic fraud such as fake trade finance deals. Banks including Ping An Bank and Bank of China have unveiled blockchain investments and projects, and around ten banks are ... ( read original story ...)

"I expect to see the ever increasing convergence of fintech and the more traditional financial services sector." REMITTANCES 'A REALLY INTERESTING BRIDGE' China's financial technology companies are on the rise, boosted by rapid digitization and the rise of ... ( read original story ...)