Leaders of the China-backed Asian Infrastructure Investment Bank touted its growing membership and commitment to sustainable development at its annual meeting, even as environmental groups were disappointed by its openness to investing in coal projects.…
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South Korea Finance Chief Hopeful of Easing Tensions With China
Kim says Korea-U.S. free trade is mutually beneficial South Korea’s new finance chief said he hopes China and his country can put aside their political rift to forge closer economic ties, and bring about an…
Pilot zones will boost green finance
Incentives will be established to boost the development of green finance, especially interest discounts and tax incentives, from the central and local governments, Chen Yulu, vice-governor of the People’s Bank of China, said during a…
Hong Kong pushing for regional AIIB office, says finance chief
Hong Kong, which last week joined the Beijing-led Asian Infrastructure Investment Bank by agreeing to pay US$155 million over five years, is now lobbying the AIIB to set up a regional office in the city,…
Securitization boom exposes China’s slapdash deleveraging efforts
Bank of Tianjin issued an ABS in July 2015 that was created from loans to just 22 borrowers, with lending to Shandong Shanshui Cement Group, a struggling cement maker, accounting for 12 percent of the…
Meet the Chinese Finance Giant That’s Secretly an AI Company
If you get into a car accident in China, you can simply pull out your smartphone, take a photo, and file an insurance claim with an AI system. That system, from Ant Financial, will automatically…
Anbang’s Chairman, China’s Financial Repression, Proving Milton Friedman Right Once Again
Quite why the Chinese police have decided to detain Wu Xiaohui, the Chairman of Anbang, is unknown. Certainly, he tried to do a deal with Jared Kushner but despite the lurid imaginings of some on…
How Anbang Could Clog China’s Financial Plumbing
China’s decision to detain the chairman of Anbang Insurance Group, one of the country’s most acquisitive companies, is stunning in itself. The knock-on effects on the Chinese financial system could deepen the drama. The initial…
China Aviation Oil Singapore : Date of Release of 2017 Second Quarter Unaudited Financial Results
Description (Please provide a detailed description of the event in the box below – Refer to the Online help for the format) DATE OF RELEASE OF 2017 SECOND QUARTER UNAUDITED FINANCIAL RESULTS China Aviation Oil…
Some of China’s richest and most powerful men have mysteriously vanished
… crackdown on the financial industry and an investigation into whether he was involved in financial crimes. Xiao’s reported $6-billion fortune made him China’s 32nd richest person in 2016. His conglomerate, the Tomorrow Group, includes…
China Minsheng Financial Holdg : CN Minsheng Fin may buy internet microcredit biz at Rmb279m
into a memorandum of understanding in relation to the possible acquisition of 74.33% 04:07a CHINA MINSHENG FINANCIAL HOLDG: CN Minsheng Fin may buy internet microcredit bi.. 06/15 CHINA MINSHENG FINANCIAL HOLDG: Minsheng Financial to Buy…
China’s Monetary Policy Zigs Where U.S. Zags
SHANGHAI—A day after the U.S. Federal Reserve tightened monetary policy, China’s central bank effectively loosened, in a move that suggests Chinese authorities are now more concerned about financial turmoil inside the country than money flowing…
How the Fed’s balance sheet unwind and return to financial ‘normalisation’ will hit China
A decade after the global financial crisis crippled markets, the US Federal Reserve is poised to revise its post-crisis-era interest rate policy and wind down its US$4.5 trillion balance sheet – a move that could…
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