China has long been known as a nation of savers, but consumers are rapidly embracing debt from non-bank online platforms. And the numbers of those taking out cash loans from the lenders is growing at…
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Beijing restaurant sells its final North Korean beer as sanctions take hold
BEIJING — “This is the empty bottle of my last North Korean beer. I sold it last night,” Cui Chengri lamented, speaking from his empty Beijing restaurant. “I need re-supply by tonight but I don’t…
France Will Press China for More Financial Market Access
China earlier this month unveiled a set of financial reforms during a trip by U.S. President Donald Trump to Beijing, while Le Maire’s trip comes ahead of a visit by French President Emmanuel Macron next…
China Minsheng Bank handed fine in fake wealth management products case
China Minsheng Banking Corp has been fined 27.5 million yuan (US$4.2 million) in the fake wealth management products case that exposed lax internal control and risk management at the lender, according to the China Banking…
Minsheng Bank Fined Record $4 Mln for Wealth Management Fraud
… bank executives and employees were handed penalties including fines and bans from the banking industry, according to a statement released Thursday by the Beijing office of the China Banking Regulatory Commission (CBRC). The Minsheng…
BRIEF-China Internet Nationwide Financial Services Reports Q3 Earnings Per Share $0.23
* NET REVENUE INCREASED BY 26.2% TO $5.13 MILLION FOR Q3 OF 2017 Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China’s Bank of Communications partners with Hong Kong fintech start-up to use AI in finance
Bocom International, the investment banking arm of the Bank of Communications, has tied up with Hong Kong fintech firm FDT-AI to better understand investors’ behaviour and capture market opportunities based on artificial intelligence technology and…
UNEP Inquiry, China’s CUFE Highlight Progress on Green Finance
The International Institute of Green Finance of the Central University of Finance and Economics and UN Environment’s Inquiry into the Design of a Sustainable Financial System have released the report ‘Establishing China’s Green Financial System…
French Minister in China to Dialogue on Economy and Finance
Beijing, Nov 30 (Prensa Latina) French minister of Economy and Finance, Bruno Le Maire, starts here today an official visit that includes commemoration of the fifth anniversary of bilateral high-level dialogue on this sector. According…
The Global Tech 2017 in Beijing Showcases the Power of Chinese AI
BEIJING, Nov. 30, 2017 /PRNewswire/ — The evolution and application of Artificial Intelligence is the main topic at Global Tech 2017 which is held by Global Times Online (huanqiu.com) on Nov. 30th in Beijing. China…
Beijing cuts tariffs on 187 imports
The restructuring of the economy sought by Beijing — with the core growth drivers shifting … to ski equipment — will fall from 17.3 per cent to 7.7 per cent, the Finance Ministry said. Many…
Bank of East Asia sells consumer finance assets to Chinese lender QL Finance for HK$1 billion
China’s central bank orders crackdown on online lenders to curb runaway credit QL Finance is a wholly owned subsidiary of Beijing-based China Financial Services Holdings (CFSH), which provides loans and financial services primarily to small…
China LED Lighting Market 2017-2024 – Key Players are CREE, Foshan Electrical & Light, MLS, Osram & Philips Lighting
For promoting high-efficiency LED lighting products, National Development and Reform Commission (NDRC) and China’s Ministry of Finance (MOF) had collaborated to look after interim measures on administration of financial subsidies. The actions like … (…
