China has committed to support Ghana’s one-district, one factory (ODOF) policy with $2 billion. The China National Building Material Equipment Import and Export Corporation has signed a memorandum of understanding with the Association of Ghana…
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Coal on the rise in China, US, India after major 2016 drop
China and the U.S. accounted for almost all the decline … everyone else is irrelevant in the scheme of things,” said Tim Buckley, energy finance director for the Institute for Energy Economics and Financial Analysis.…
China sentences 3 Australian Crown Resorts staff to prison
Casino gambling, the marketing of casinos and organizing overseas gambling trips involving 10 or more people are illegal in China. “The three Australians and the other defendants pleaded guilty,” the Australian Consul General in Shanghai,…
Financial app downloads up sharply in China
TOKYO — China is seeing a sharp rise in downloads of financial applications, reflecting widespread use of mobile payment systems for taxi fares, utility charges and other payments. Financial app downloads in 2016 totaled nearly…
China’s Xi to visit Hong Kong for 20th anniversary of handover
BEIJING/HONG KONG Chinese President Xi Jinping will visit Hong Kong from June 29 to July 1 to mark the 20th anniversary of the handover of the Asian financial hub from British … Hong Kong was…
Four contenders in fight to lead China’s central bank
Speaking this week at a financial forum in Shanghai, Mr Zhou called for a greater role for foreign competition in China’s financial sector and warned that “protectionism leads to laziness” – a message consistent with…
Big China companies targeted over ‘systemic risk’
In an email seen by the Financial Times, a risk management executive at Industrial and Commercial Bank of China instructed colleagues to gather information on credit exposures to the four companies. The companies are affiliated…
China confronts its Lehman moment
China’s leaders are often praised for their steady management of the economy. But it is increasingly clear that they are haunted by the specter of a Lehman-style financial collapse. The focus of the reviews, according…
Financial assets made in China
FROM shoes to shirts and phones to fridges, made-in-China goods have blanketed the globe over the past three decades, entering every country and just about every home. But one kind of Chinese good few abroad…
China bans video and audio streaming on Sina Weibo and two other websites
The Financial Times points out that Sina Weibo invested in a video streaming site last November and counts on live stream advertisements to make money. Still, it faces government scrutiny, just like other platforms operating…
Two decades after handover, scant love for China among Hong Kong youth
HONG KONG Hong Kong student activist Chau Ho-oi, born in the year the Asian financial hub returned to Chinese rule 20 years ago, recalls the sense of pride she once felt toward mainland China. Sitting…
China’s top banking regulator tells banks to push forward with reform
BEIJING China’s top banking regulator has told banks to reform by tackling China’s “zombie firms”, control regional housing market bubbles and push forward with debt to equity swaps, according to a statement posted on the…
China’s Dealmaking Tycoons Scrutinized by Banking Regulator
News spooks China markets less than 36 hours after MSCI nod Chinese regulators stepped up scrutiny of the country’s most prolific overseas acquirers, asking banks to report their exposures to the companies after last year’s…
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