JD.com’s finance arm is looking to raise about $1.9 billion in fresh equity. The unit of China’s second-largest e-commerce firm is seeking to deepen its push into areas such as securities, banking and insurance. The…
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JD.com’s finance unit aims to raise $1.9 billion in fresh funding: sources
JD.com, CICC and China Merchants Group declined to comment. COFCO did not respond to a request for comment. JD Finance offers online financial services and products including consumer credit and wealth management products. It also…
Bale will get valuable playing time in China, says Wales’ Giggs
(Reuters) – The China Cup offers Wales midfielder Gareth Bale the perfect opportunity to get some minutes under his belt as he tries to put a run of games together in another season blighted by…
JD.com’s finance unit aims to raise $1.9 bln, valuation set to double -sources
JD.com, CICC and China Merchants Group declined to comment. COFCO did not respond to a request for comment. JD Finance mainly offers online financial services and products including consumer credit and wealth management products. It…
China Is Stepping Up Its Efforts To Draw Tech Giants Like Alibaba And Baidu Back Home
Google-parent Alphabet and China’s Alibaba, according to Oliver Rui, a professor of finance at the China Europe International Business School in Shanghai. Authorities are also mulling creating a new class of security called China Depositary…
China Unicom aims to reap rewards from ties to new shareholders
HONG KONG (Reuters) – Telecoms group China Unicom plans to lean on some of China’s biggest technology and financial firms who have recently become its shareholders to drive compounded annual pre-tax profit growth of 68.7…
China to bar people with bad ‘social credit’ from planes, trains
SHANGHAI (Reuters) – China said it will begin applying its so-called social … Those found to have committed financial wrongdoings, such as employers who failed to pay social insurance or people who have failed to…
Virtu Financial founder: We should view China as long-term partners
Vincent Viola, Virtu Financial founder, discusses the Trump administration’s views on trade and economic policies as well as the market’s reaction. “Fast Money Halftime Report” trader Joe Terranova weighs in. ( read original story …)
Will China’s high debt levels spark a financial crisis?
Multiple international organizations have expressed concerns about China’s ballooning debt levels and warned the Asian giant could face a full-blown financial crisis should there be no action to counter the problem. Soaring debt levels and…
China plans new ministries and merger of regulators in massive government revamp
China is planning to merge its banking and insurance regulators, and create a national markets supervision management bureau, in parliament documents released on Tuesday. It will also transfer some of the banking and insurance regulators’…
BRIEF-Fitch says China regulator merger may strengthen financial oversight
* FITCH ON CHINA REGULATOR MERGER-OVERALL RESULT SHOULD BE THAT AUTHORITIES HAVE MORE CONTROL OVER LEVERAGE ,THREATS TO FINANCIAL STABILITY OVER TIME Source text for Eikon: Our Standards:The Thomson Reuters Trust Principles. ( read original…
China Hands PBOC More Power in Overhaul of Financial Regulators
(Bloomberg) — China is giving its central bank greater regulatory powers while merging the watchdogs responsible for banking and insurance, a key move in the nation’s campaign to curb risks in its financial sector. The…
China, Canada, HK at Risk of Banking Crisis
A blow-out in the number can signal that credit growth is excessive and a financial bust may be looming. In China, the gap fell to 16.7% in the third quarter of 2017, down from a…
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