China Rapid Finance Limited (NYSE: XRF) (the “Company”) today announced the execution of a set of agreements (the “Agreements”) on May 5, 2020 with Yong Bao Two Ltd. (“YBT”), the parent company of SOS ……
Tagged By banking
Trump eyes federal retirement plan investments as part of showdown with China over coronavirus
The White House moved this week to seize control of the board that administers the Thrift Savings Plan, which holds the retirement portfolios of close to 6 million federal employees and service … ( read…
China Regulator Issues Rules on Online Bank Lending to Curb Risks
China’s banking and insurance regulator on Saturday issued draft rules on commercial banks’ online lending business, banning the use of such loans for riskier investments and capping banks’ online … ( read original story …)
Chinese banking apps are over-collecting personal data
China’s banking sector recently found itself in the spotlight after a popular comedian complained that China CITIC Bank had shared his personal data information without permission. ( read original story …)
China Bank Draws Outcry on Oil Losses — WSJ
A top Chinese bank is trying to reach a deal with investors caught out by negative oil prices, after plans to hold individuals accountable for losses greater than their original investments drew … ( read…
China trade data mixed, Bank of England in focus
This morning’s latest China trade numbers for April showed little evidence of a recovery in economic activity despite the lifting of lockdown back at the beginning of March. Exports were better than … ( read…
China regulator issues rules on online bank lending to curb risk
China’s banking and insurance regulator on Saturday issued draft rules on commercial banks’ online lending business, in a move to rein in financial risks. ( read original story …)
The World’s First Multilingual Big Data Terminology Book Published in China by CSPM
Big Data Terminology, the world’s first multilingual terminology book on the subject, was published in May 2020 in Beijing by China Science Publishing & Media Ltd. (CSPM) and has been released … ( read original…
Stock Alert: China Rapid Finance Spikes 147%
(RTTNews) – China Rapid Finance Ltd (XRF) shares are surging on Wednesday morning trade as it announced the execution of a set of agreement with Yong Bao Two Ltd or YBT. Upon the closing, YBT…
China’s central bank skips reverse repos Saturday
As no reverse repos matured Saturday, there is no net liquidity withdrawal from or net liquidity injection into the banking system. A reverse repo is a process in which the central bank purchases … (…
Consumer Luxury Demand Robust in China Despite Virus, Says Deutsche Bank Researcher
Francesca DiPasquantonio, head of global luxury equity research at Deutsche Bank AG London, discusses a LVMH Moet Hennessy Louis Vuitton SE report on sales in China amid the coronavirus pandemic. She … ( read original…
It’s Time to Stop Pandering to Beijing Over Taiwan
It’s not Benjamin Netanyahu coming West Bank annexation that’s shocking—it’s Washington’s surprised reaction to it. Berlin’s floundering tells an ominous story about Europe’s technological leadership … ( read original story …)
Beijing stresses positives after car and appliance sales raise hopes for coronavirus rebound
Government highlights strong consumer spending in selected areas over May Day holiday, but analysts warn recovery remains modest. ( read original story …)
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