About 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the Chi… ( read original story…
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China’s NetEase to rectify ‘irregular practices’ at finance website
BEIJING (Reuters) – Chinese internet company NetEase said on Tuesday it would stop updating its finance website from today to rectify what it called “irregular practices” and conduct a … ( read original story …)
DRC’s Rawbank to Signs China-Africa Inter Bank Agreement in Order to Boost Business Relations between Both Regions
African banks, including Rawbank, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB), have signed an agreement for the establishment of the China … ( read original story…
China central bank unveils plans to straighten up country’s ratings firms
SHANGHAI (Reuters) – China’s central bank and securities regulator on Tuesday announced steps to strengthen supervision of credit-rating businesses in a bid to improve the quality of ratings. ( read original story …)
China puts off licenses for US companies amid tariff battle
BEIJING — Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward … ( read original story …)
China seeks WTO backing for sanctions on U.S. over dumping duties
GENEVA (Reuters) – China will ask the World Trade Organization (WTO) next week for permission to impose sanctions on the United States, for Washington’s non-compliance with a ruling in a dispute over … ( read…
China financial news service shuts down, ‘sorry’ for unspecified mistakes
The economic and financial news channel of Nasdaq-listed NetEase, one of China’s leading internet portals, stopped updating its content from noon on Tuesday for “rectification” of unspecified mistakes … ( read original story …)
China Is the New Hotspot for the Products Behind the Financial Crisis
China is celebrating the 10th anniversary of the global financial crisis with a securitization party. Products that became a symbol of Wall Street’s unsustainable excesses a decade ago—such as mortgag… ( read original story …)
China Renaissance attracts Jack Ma’s Ant Financial as cornerstone investor in Hong Kong IPO
China Renaissance has attracted Ant Financial, a financial technology affiliate of Alibaba Group Holding, as well as LGT Group Foundation and Snow Lake Capital as cornerstone investors for its upcomin… ( read original story …)
China Bond Traders Boost Leverage With PBOC Watching Closely
In August, the People’s Bank of China conducted repo agreements — an instrument that hadn’t been used in about three years — to mop up about 300 billion yuan of liquidity from the banking system,…
China Traders Step Up Their Leverage With PBOC Watching Closely
In August, the People’s Bank of China conducted repo agreements — an instrument that hadn’t been used in about three years — to mop up about 300 billion yuan of liquidity from the banking system,…
9F, fintech company with 63 million mainland Chinese users, eyes Hong Kong virtual banking licence
Mainland Chinese financial technology company 9F Group has teamed up with local and international firms to apply for a virtual banking licence in Hong Kong. The company, set up in Beijing in 2006 by f……
China Construction Bank Chief Sees Trade Conflict Resolution
China and the U.S. will eventually find a solution to their escalating trade dispute, according to the chairman of the Asian nation’s second-biggest bank. “There’s room for negotiation,” China Constru… ( read original story …)
