AIIB president Jin Liqun and British finance minister Philip Hammond signed an agreement about the UK’s contribution to the bank’s Project Preparation Special Fund during Hammond’s visit to Beijing on Saturday. “The UK strongly supports…
Tagged By banking
Russia & China will engineer bitcoin apocalypse, Saxo Bank predicts
Moscow and Beijing are going to crack down on bitcoin, resulting in the cryptocurrency’s collapse next year, predicts Saxo Bank. The bank is famous for its ‘outrageous’ predictions published each December. Saxo predicts that in…
New Spanish guidebook on Beijing
The Cervantes Institute in Beijing has launched a guidebook on the city for Spanish-speaking travellers, with the latest tourist information available in Spanish for a city that saw thousands of visitors from Latin America and…
China Should Open Financial Sector More, U.K.’s McGuinness Says
China needs to further liberalize its financial sector as a “huge interest” in domestic market assets is expected to grow, said Catherine McGuinness, the policy chairman of the City of London Corporation. Chinese and British…
China’s $189 Billion Giant of Finance Reveals a Huge Bet on Tech
Shares have jumped 99% in 2017; CFO says they’re undervalued These days, every big finance company worth its salt is finding ways to boost its bottom line with technology. Few are going quite as far…
Trump to accuse China of ‘economic aggression’: Financial Times
“The national security strategy is likely to define China as a competitor in every realm,” a person familiar with the matter told the Financial Times. The administration will roll out its national security strategy on…
China Seeks Financial Cooperation With U.K.
China wants to deepen financial and investment links with the U.K. as Britain seeks to boost two-way trade once it leaves the European Union. Vice Premier Ma Kai said both countries should also push cooperation…
China, UK vow to bolster economic cooperation, speed up stock connect plan
BEIJING (Reuters) – China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock connect programme. In a…
China, Britain pledge cooperation as UK leaves EU
BEIJING (AP) — Britain and China have pledged to cooperate in clean energy research … Officials announced the agreements Saturday following an economic dialogue in Beijing led by Britain’s finance minister and a senior Chinese…
China’s largest bank extends reach with fintech company JD Finance
An app that embeds a new digital bank can trigger the delivery of a certificate of deposit by courier, replacing the need to go to a bricks-and-mortar branch Industrial and Commercial Bank of China, the…
China raises market rates to fend off financial risks, growth cools
BEIJING/SHANGHAI (Reuters) – China’s central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperilling the economy, a balancing act that they have managed successfully so far this…
Britain’s finance minister in China to promote trade
BEIJING — Britain’s finance minister has told China’s top economic official there are “many opportunities” to expand commercial ties as he started a visit aimed at developing trade as the United Kingdom prepares to leave…
China’s Vivo will beat Apple to put a fingerprint scanner under its next smartphone display
Vivo isn’t particularly well-known in Western markets, but is popular in India as the fourth-biggest smartphone maker and holds a similar position in China. According to Moorhead, citing IDC statistics, Vivo actually ranks as a…
