BEIJING — China’s central bank said on Monday that more loans have been extended to small firms in the first five months of 2019, heeding Beijing’s call to support the economy. The number of ……
Tagged By banking
The Bitter Contest for China’s Online Shoppers
Over the past few years, the French company’s plans to shrink its China footprint has been one of the worst-kept secrets in banking. Though Carrefour sold the business pretty cheaply – with a … (…
Chinese bank involved in probe on North Korean sanctions and money laundering faces financial ‘death penalty’
The order triggers for the first time a provision that could cut off one of China’s largest banks from the U.S. financial system at the demand of the U.S. attorney general or treasury secretary. The…
China’s ride-hailing giant wants to dominate electric-vehicle charging—so does one of its top backers
… t have enough charging stations—and China’s biggest ride-hailing giant Didi Chuxing could end up competing with its backer, Ant Financial, to get users to them. Last week, Alipay, the all … ( read original…
Beijing eases short-term liquidity for smaller financial firms, orders fifth brokerage in a week to lift fundraising quota
Shenzhen-based brokerage GF Securities said on Monday it had been asked to lift the quota on short-term fundraising by Beijing, a move that may boost lending to smaller financial firms. “The company … ( read…
China says US, China should make compromises in trade talks
China and the United States last week said they were reviving talks ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, cheering financial markets hoping for a de-escalation … ( read original…
Hong Kong’s relationship with Beijing has been changed forever
The relationship between the people of Hong Kong and Beijing has changed forever. Hong Kong has not gone according to Beijing’s playbook. While no evidence supports the view that Chief Executive … ( read original…
Rodrigo Duterte thought he had an understanding with Beijing, then came the Reed Bank collision
“Just when I thought I was out, they pull me back in,” Michael Corleone famously says in The Godfather Part III as he realises that seemingly resolved problems have returned with a vengeance. In many…
Vanguard’s tie-up with Ant Financial targets Chinese investment market
Vanguard and Ant Financial have formed an intriguing partnership that allies … International asset managers are racing to strengthen their operations in mainland China, where the pool of assets is … ( read original story…
Minority senators warn against joint probe on Recto Bank incident
President Rodrigo Duterte has agreed to Beijing’s suggestion of a joint investigaton in to … that the joint investigation would “determine what really transpired in Recto Bank and find a … ( read original story…
China No Match For Japan in Southeast Asia Infrastructure Race
(Bloomberg) — Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch … ( read…
CEO Daily: From Beijing to Osaka, via Pyongyang
Financial Times China’s poker face … NPR Rewriting history. Beijing is banning certain AP History tests provided by a U.S. non-profit, starting from 2020. China’s Ministry of Education … ( read original story …)
Small, medium-sized financial firms vulnerable to cyberattacks, says report
“Banks and other financial institutions are expanding and digitizing their … saying it questions to the wisdom of using communications technology produced in China. Artificial intelligence and … ( read original story …)
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