Bank of China in post-Brexit talks to swap UK for Dublin Two major Asian banks are in ... ( read original story ...)

Chinese Central Bank to Use Blockchain, Competition with Alibaba?

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 ...)

China Exim Bank lends more to help China firms go global

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 ...)

China orders stricter policies on new loans

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 Fake Bonds Flash Enron Warning

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 ...)

Brian Gaynor: Finance company sale raises fears

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 ...)

Bank of China : Letters To The Editor

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 ...

Alibaba's Ant Financial buys MoneyGram for $880m

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 ...)

Alibaba's Ant Financial in overseas push with MoneyGram deal

"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 ...)