Shadow banking, a term for financial agents that perform bank-like activity but are not regulated as banks, has boomed in China, the world’s second-largest economy, as a way of circumventing government’s tight controls on lending.…
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Chinese investors grapple with financial implications of debt-equity swaps
as investors with scant information grapple its financial implications. Interviews conducted by the South China Morning Post with banking and local government officials, and analysts, provided conflicting views on its worth to the sector. The…
China’s Nuclear Power Fleet Seen Overtaking U.S. Within Decade
China’s rapid nuclear expansion will result in it overtaking the U.S. as the nation with the largest atomic power capacity by 2026, according to BMI Research. The world’s second biggest economy will almost triple its…
China Fuel Dispenser Market Forecast to 2020 – Surging Number of Vehicles and Technological Advancement to Drive Market
The report titled “China Fuel Dispenser Market Forecast to 2020 – Incline in Number of Vehicles and Technological Advancement to Drive the Market” provides a comprehensive analysis of the Fuel dispenser market in China. The…
Volkswagen takes global sales crown from Toyota on back of China sales less affected by diesel-cheating scandal
Volkswagen AG dethroned Toyota Motor Corp. last year to become the the world’s best-selling automaker for the first time, propelled by surging demand in China which has been largely unaffected by the diesel-cheating scandal. Volkswagen…
China’s Internet Banking Sector a Key Source of Growth—and Risk
Fintech’s relevance in China will be on full display this month—during last year’s Chinese New Year holiday week, consumers used Tencent’s WeChat app to send out more than 30 billion digital red envelopes. Chinese search…
China’s internet banking sector a key source of growth
BEIJING: By most accounts, China is the global leader in internet banking and financial technology (fintech) investments. Fintech’s relevance in China will be on full display this month—during last year’s Chinese New Year holiday week,…
America, China and the risk of a trade war
DONALD TRUMP’S quest to protect American workers from cheating foreigners has begun. But in his first flurry of policy tweets and executive orders, China, his favourite bogeyman, was conspicuously absent. On the campaign trail he…
Bank of China to set up deposit bank in Turkey
The Bank of China (BOC) has received permission to operate a deposit bank in Turkey by investing $300 million, Turkey’s banking watchdog said on Friday. In a statement, the country’s Banking Regulation and Supervision Agency…
China’s forex regulator unveils new channels to attract capital inflows
China has ramped up measures to enable funds to flow back within its borders, in what analysts say is an attempt to combat capital flight and the downward pressure on the yuan. Offshore loans secured…
Bank of China in post-Brexit talks to swap UK for Dublin
http://www.independent.ie/business/brexit/bank-of-china-in-postbrexit-talks-to-swap-uk-for-dublin-35404921.html http://www.independent.ie/business/irish/article35404920.ece/de90c/AUTOCROP/h342/2017-01-29_bus_28192547_I1.JPG Two major Asian banks are in … ( read original story …)
Chinese Central Bank to Use Blockchain, Competition with Alibaba?
Earlier this week, CCN reported that the People’s Bank of China (PBoC) announced its plans of utilizing blockchain technology to develop a blockchain-based national currency called “RMBCoin,” By using a technology which underpins bitcoin, the…
China Exim Bank lends more to help China firms go global
BEIJING, Jan. 29 (Xinhua) — The Export-Import Bank of China (China Exim Bank) improved financial support for domestic firms to help them increase their presence in the global market last year. The bank issued a…
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