BOAO, China (Reuters) – China will continue to carry out prudent monetary policy, central bank governor Yi Gang said on Wednesday. Yi, speaking at the Boao Forum for Asia in southern Hainan province, said interest…
Tagged By banking
Hashtag Trending – Paypal going after traditional banks, Facebook’s continued problems, China’s dystopian ranking system
PayPal is moving closer to “mainstream banking”, Facebook suspends another data analytics firm for using tactics like Cambridge Analytica, and China is testing a social credit ranking system straight out of a Black Mirror episode.…
UPDATE 2-China’s Ant Financial aims for $9 bln in new funding – WSJ
April 10 (Reuters) – Chinese billionaire Jack Ma’s online payments business Ant Financial now plans to raise $9 billion in its next planned round of funding, potentially valuing the company at $150 billion ahead of…
China president’s conciliatory trade gesture raises optimism
BEIJING (AP) — Investors and China watchers welcomed President Xi Jinping’s pledge Tuesday to open his country’s market wider to foreign competition, hoping it will ease a trade dispute with Washington that has unsettled financial…
China’s Ant Financial aims for $9 bln in new funding – WSJ
April 10 (Reuters) – Chinese billionaire Jack Ma’s online payments business Ant Financial now plans to raise $9 billion in its next planned round of funding, potentially valuing the company at $150 billion ahead of…
BRIEF-China Development Financial Holding unit CDIB Capital Group disposes stake in GlobalWafers for T$308 mln
* Says its unit CDIB Capital Group disposed 689,000 shares of GlobalWafers Co Ltd, with the average price of T$447.09 per share, for T$308 million in total ( read original story …)
BRIEF-China Development Bank Financial Leasing Announces Purchase And Leaseback Of Two Aircraft
* AGGREGATE LIST PRICE OF AIRCRAFT IS ABOUT US$592.8 MILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China’s Ant ups fundraising target, valuation could hit $150 billion: sources
(Reuters) – China’s Ant Financial Services Group is in talks with investors to raise at least $8 billion in its next planned round of funding, potentially valuing the company at about $150 billion ahead of…
China’s President Xi just moved to ease concerns about global trade — and financial markets love it
Chinese President Xi Jinping’s speech at the Boao Forum appears to have gone down well with investors across Asia. Based on wire headlines from Reuters, Xi made all the right noises when it came to…
Technology is Transforming China’s Consumer Finance Market, Lexin Tells LendIt Fintech USA
In the next five years, the financial industry will be revolutionized as customer service is handled almost completely by artificial intelligence, Lexin’s Chief Risk Officer Ryan Liu told LendIt Fintech USA in an address titled…
WSJ: China’s Ant Financial Plans $9 Billion Round of Fresh Financing
Jack Ma’s financial technology business Ant Financial plans to raise $9 billion in its latest round of funding, that could value the company at $150 billion, the Wall Street Journal reported on Tuesday, citing people…
China’s Ant ups fundraising target, valuation seen rising to $150 billion: sources
HONG KONG/SINGAPORE (Reuters) – China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation more than doubling to about $150…
Standard Bank works Chinese connections in Francophone West Africa
ABIDJAN (Reuters) – Standard Bank (SBKJ.J) will partner with its biggest shareholder Industrial and Commercial Bank of China (ICBC) (601398.SS) to capitalize on a Chinese investment drive into Ivory Coast and establish a regional hub…
