Real-estate heavyweight China Vanke on Wednesday appointed financial veteran Zhu Jiusheng as its chief executive officer and president, the right hand of company Chairman Yu Liang. The appointment of Zhu was unanimously approved by Vanke’s…
Tagged By banking
Bitcoin ads disappear from social media in China after central bank bans cryptocurrency fundraising
China’s major social media networks and search engines don … to prevent advertisers from marketing “financial products and services frequently associated with misleading or deceptive promotional practices”. The move shines a spotlight on the ……
World’s Biggest Bank Comes to Greece
The world’s biggest bank, the Industrial and Commercial Bank of China (ICBC), is coming to Greece, being the second Beijing bank with interests here after the China Development Bank. ICBC, with €3.2 trillion ($3.9 trillion)…
China Internet Nationwide Financial Services Inc. Signs System Development and Consulting Agreement for the Convey Project
BEIJING, Jan. 31, 2018 /PRNewswire/ — China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced that Beijing Anytrust Science & Technology Co., Ltd. (“Anytrust”), a…
BRIEF-China Internet Nationwide Financial Services Signs System Development Agreement For Convey Project
Jan 31 (Reuters) – China Internet Nationwide Financial Services Inc: * CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC. SIGNS SYSTEM DEVELOPMENT AND CONSULTING AGREEMENT FOR THE CONVEY PROJECT * CHINA INTERNET NATIONWIDE FINANCIAL SERVICES SAYS UNIT…
China online banking transactions dropped to RMB 482 trillion in Q3 2017
According to recently published report by Analysys, “China Online Banking Quarterly Forecast Report for 2017 Q3”, the total online banking transactions amounted to 48.15 billion, reflecting a 4.3% decrease when compared to the same quarter…
China faces far worse financial risk than US before global crisis: former FM
China’s financial system was facing higher risk than that of the US before the global economic turmoil a decade ago, former finance minister Lou Jiwei has said. China’s financial system had become “severely distorted”, Lou…
Financial risk facing China worse than in US before global crash, former finance minister says
The level of risk facing China’s financial system could be higher than was seen in the United States before the global crash, according to a former Chinese finance minister. Speaking at a forum in Beijing…
China takes tougher line on financial risks
A century-old Chinese bank became the latest target of a tightening financial clean-up in the world’s second largest economy. China’s banking regulator has fined Postal Savings Bank of China (PSBC), along with 11 other related…
Trump team idea to nationalize 5G network to counter China is rejected
WASHINGTON (Reuters) – The top U.S. communications regulator, wireless companies and some lawmakers oppose an idea by members of President Donald Trump’s national security team for the government to build a 5G wireless network to…
Hexindai Attends 13th Beijing International Finance Expo
BEIJING, Jan. 29, 2018 – Hexindai Inc. (NASDAQ: HX) (“Hexindai” or the “Company”), a fast-growing consumer lending marketplace in China, today announced that it attended the 13 th Beijing International Finance Expo which was held from…
China to consider shadow banking in macro-prudential review: central bank vice governor
according to China Finance, a publication under the People’s Bank of China The world’s second-biggest economy still has problems and hidden dangers as the country’s debt levels are still high while asset bubble risks have…
China Stock Euphoria Enters New Stage
Jan.28 — About a third of China’s H-shares index are racking up fresh one-year highs. It’s the biggest proportion since the 2015 stock bubble. It means that even some of the laggards, such as PetroChina…
