SHENZHEN, China, Feb. 18, 2018 /PRNewswire/ — With China’s Lunar New Year holiday break starting on February 16, the country’s movie industry entered its most competitive period of the year. Detective Chinatown II, written and…
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Shipping Finance – Chinese new tool in becoming a global maritime power
The Jamestown reported that China began 2018 by making important strategic moves in the shipping industry. On January 10, COSCO Shipping Development, COSCO Shipping’s leasing finance arm announced a plan to establish a shipping fund…
China: We are a ‘Near-Arctic State’ and we want a ‘Polar Silk Road’
Through the promise of investments and trade growth, China made sure to take diplomatic steps in courting the Arctic Council. The country entered into joint ventures with Russian gas companies, it built a large embassy…
China’s ownership of U.S. debt continues to grow
China’s grip on America’s debt is getting even tighter. Their holdings of US government debt ballooned to $1.18T at the end of last year. That’s up $127B from 2016. Yahoo Finance’s Alexis Christoforous and Rick…
China makes headway in developing financial inclusion: report
BEIJING — China has made remarkable progress in its evolution of financial inclusion in the last 15 years, as the country pushes digital finance innovation, according to a recent report. China has established one of…
Pakistan borrows another $500m from Chinese bank
Beijing also gave roughly $610 million for project financing … The ICBC had also given $500 million in October last year. Sources in the State Bank of Pakistan said that it was still intervening in…
China’s HNA pares back big stake in Deutsche Bank
Deutsche Bank this month again appealed for investors to be patient … Conglomerates like HNA once enjoyed government support and cheap cash as Beijing sought to push them to become global champions, but China abruptly…
India police widens probe into $1.8 billion bank fraud
The case is centered around diamond billionaire Nirav Modi who is accused of colluding with bank employees to fraudulently obtain advances for payments to overseas suppliers to his business stretching from New York to London…
HNA Group sells part of its stake in Deutsche Bank
Deutsche Bank this month again appealed for investors to be patient … Conglomerates like HNA once enjoyed government support and cheap cash as Beijing sought to push them to become global champions, but China abruptly…
Indian police conduct searches in widening probe in bank fraud case
PNB has said companies tied to both retailers, whose outlets stretch from New York to London to Beijing, were the recipients of loans from several other banks based on guarantees provided by it. Meanwhile the…
Union Bank has $300 million exposure to PNB fraud
The case is centred around diamond billionaire Nirav Modi who is accused of colluding with bank employees to fraudulently obtain advances for payments to overseas suppliers to his business stretching from NY to London to…
India’s jeweller to Hollywood stars, now accused of massive bank fraud
Mehta further said he has not come to the bank “personally” and “we have requested to him to … Hawaii have since been added to a stable that stretches from NY to London to Beijing.…
Indian bank cheated of US$1.8b in complex fraud
The bank had sought 100 percent cash margins for issuing LoUs … Apart from India, he has boutiques in cities including New York, London, Beijing, Hong Kong and Singapore. However, whether they travelled together has…
