China’s Ant Financial is targeting the Malaysian market by forming a mobile wallet joint venture with a subsidiary of local bank CIMB. Finextra reported news that Ant Financial will hold a minority stake in the…
Tagged By banking
China shifts gear from growth to debt cuts in race against rising tide of red ink
It also comes just weeks after the Institute of International Finance said the country’s total debt might have shot above 300 per cent in May. A separate study by the Bank for International Settlements concluded…
Starbucks makes a big move in China
Starbucks is buying the remaining 50% stake in its East China business for $1.3 billion – Starbucks’ largest acquisition ever! Yahoo Finance’s Alexis Christoforous and Andy Serwer take on the big expansion for the iconic…
China To Provide $1.5 Billion To Finance Iran Railway Project
China’s Exim Bank (the Export-Import Bank of China) penned a contract with Iran’s Bank of Industry and Mine to finance $1.5 billion for signaling of Tehran-Mashhad railroad, IRIB news reported. The agreement was signed in…
New steps to prevent financial risks
China will strengthen the coordination of financial regulation, stabilize the property market and prevent systemic financial risks, according to a statement issued after a top leadership meeting on July 24. “Financial disorder will be tackled…
China Art Financial : Positive Profit Alert
This announcement is made by China Art Financial Holdings Limited (the ”Company”, and together with its subsidiaries, the ”Group”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange…
China would cut growth to manage risk – Yahoo7
eventually lead to large systemic risks that would cause serious harm to China’s economy,” Yang Weimin, vice minister of Office of the Central Leading Group on Financial and Economic Affairs, said. “We would rather sacrifice…
Value of U.S. deals in China sinks on rising trade tensions
Bankers and lawyers involved in deal making say that increasing signs of trade friction between Washington and Beijing are acting as a deterrent … two countries,” said a senior M&A banker at a U.S. bank…
Who should lead China’s new agency to fend off financial crises?
China’s premier or a vice-premier should head a new government agency to draw up polices to regulate financial markets and address risks such as spiralling debt facing the economy, according to analysts. China’s top leaders…
China industrial profits jump 19.1 percent year on year, weather higher financing costs
BEIJING (Reuters) – Earnings for China’s industrial firms surged 19.1 percent in June … Chinese policymakers launched a flurry of regulatory measures early this year to tackle financial risks from a rapid build-up in debt.…
Moody’s upgrades China’s banking system outlook, first since 2015
SHANGHAI, July 27 (Reuters) – Moody’s Investors Service changed its outlook for China’s banking system to stable from negative … amid slowing growth and a rise in struggling borrowers, Beijing has adopted measures, from debt-to-equity…
Bank of Beijing : Trump transgender ban makes military, political sense, despite obvious inconsistency
There’s good sense behind President Trump’s military ban on men longing to be women and on women aspiring to manhood. First, there is no persuasive reason for taxpayers (or the Bank of Beijing) to go…
Foreign banks get investment boost
Advertisements for domestic and foreign banks in Beijing Financial Street. [Photo by Yu Zhiqiang/For China Daily] China has loosened up market access for foreign banks that want to invest in domestic lenders. Industry insiders expect…
