The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary…
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China Rapid Finance Unveils Full Exercise of Underwriters’ Option For the Purchase of Additional ADSs
On Thursday, peer-to-peer lender China Rapid Finance (NYSE: XRF) that the underwriters of its previously announced initial public offering (IPO) have exercised in full the option to purchase an additional 1.5 million American depositary shares…
Use local currencies in China's Silk Road initiative for financial stability – central bank officials
SHANGHAI The use of local currencies instead of the U.S. dollar or other major currencies in China’s Belt and Road initiative will help to ensure financial stability, officials at China’s central bank said this week.…
China Rapid Finance Announces Full Exercise of Underwriters' Option to Purchase Additional ADSs
SHANGHAI, May 11, 2017 /PRNewswire/ — China Rapid Finance Limited (“China Rapid Finance”) (NYSE: XRF) today announced that the underwriters of its previously announced initial public offering have exercised in full the option to purchase…
BRIEF-China Development Bank Financial Leasing enters into finance lease agreement
* Company (as lessor) entered into finance lease agreement with lessee * Lease assets are certain road assets in Sichuan province * Lessee has agreed to transfer and/or register leased assets under name of lessor…
ICBC leads in finance projects on trade routes
The Industrial and Commercial Bank of China, the world’s biggest bank by assets, is taking the lead in promoting cooperation among a wide range of international financial institutions in financing projects under the Belt and…
Beijing's crackdown on risky debt is throwing Chinese investors for a loop
Now the timing is good, as the economy can withstand being reined in,” Stent said. The steps Beijing has taken recently may be signs of growing financial and economic maturity. Higher interest rates typically indicate…
Risks to China’s financial system may continue to grow despite tighter regulations
China’s regulatory tightening is aimed at reducing leverage in the financial sector, especially in assets funded by wealth management products. But this may lead to unintended consequences of higher risks in other shadow-banking activities amid…
China data delay leaves FSB in the dark on riskiest shadow banking assets
economies’ financial risk monitoring agency has criticized Beijing for being slow in providing key financial data from China, leading to the delay in a report on the risks the world faces from shadow banking. China…
Financial Reform, With Chinese Characteristics
China will prioritize streamlining and unifying the country’s financial regulatory framework, as well as cracking down on corruption in the sector, over liberalization. The mounting risk posed by local government and corporate debt will require…
Germany welcomes Chinese investment in financial firms
FRANKFURT China is welcome to invest in German financial firms, Germany’s top market watchdog said after Chinese conglomerate HNA Group (0521.HK) raised its stake in Deutsche Bank (DBKGn.DE). An acquisition spree by HNA reflects a…
Chinese Stocks Slide Again: One Trader Thinks It's All About The Financial Deleveraging
The Shanghai Composite has lost 1.2% in 2017 versus a 15% advance in the MSCI EM Index So far there’s no sign of relaxation in its drive to quell financial leverage. China’s insurance watchdog is…
China opening up its bond markets, but currency seen as major barrier
While China’s measures to clamp down on capital outflows to reduce pressure on the yuan have captured the headlines since late last year, the country has also been opening up its bond market and liberalizing…
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