Defying gloomy predictions, China’s Ministry of Commerce reported in November that China’s non-financial foreign direct investment rose by more than 50 per cent to the end of August, 2016. Although subsequent announcements followed that China…
Tagged By banking
China Rapid Finance to triple number of users on its consumer lending platform
China Rapid Finance (CRF), the mainland’s largest online consumer lending platform, is looking to triple the number of users this year as it looks to create a business on par with a major commercial bank’s…
Choked by smog, Beijing creates new environmental police
BEIJING (AP) — Officials in Beijing have announced a new environmental police squad to root out illegal burning, the latest government response to the widespread public anger over China’s persistent problems with smog. Beijing’s acting…
China central bank says to maintain prudent, neutral monetary policy in 2017
BEIJING China’s central bank said on Friday it will maintain prudent and neutral monetary policy and keep basically stable liquidity in 2017 as one of its main tasks in the year. It also vowed to…
China Finance Online's Subsidiary Rifa Securities Won Awards as one of Best Hong Kong Securities Brokerage Firms
BEIJING, Jan. 6, 2017 /PRNewswire/ — China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors…
Battered bitcoin slides another 12 percent after China warning
“On January 6 the People’s Bank of China Business Management Department and the Beijing Municipal Bureau of Financial Affairs jointly met with the relevant regulatory authorities of the ‘currency network’,” the PBOC said in the…
China raises yuan fixing by most since 2005 to battle yuan bears
SHANGHAI (Reuters) – China’s central bank on Friday raised the value of it official guidance rate by the most since the yuan was revalued in 2005, as the authorities ramped up their defense of the…
China sales vroom in 2016 for global automakers; dull 2017 looms
BEIJING (Reuters) – Global automakers reported a surge in China sales last year as consumers rushed to take advantage of a tax cut on small-engine cars, but cautioned 2017 would be tougher for the industry…
South Korea minister says China indirectly retaliating against THAAD
SEJONG, South Korea China is suspected to be taking indirect action against South Korea’s decision last year to deploy a U.S. anti-missile system, South Korea’s finance minister said. China worries that the U.S. Terminal High…
China's central bank urges rational investment in bitcoin
China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office of…
China central bank urges rational investment in bitcoin
BEIJING China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office…
UPDATE 1-China watchdog to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator have issued guidelines aimed at strengthening governance at the country’s emerging private banks in the latest move by regulators to beef up risk management among financial services firms. The…
Chinese fake bank founders jailed for swindling
The story shocked many in China – already used to fake food and product scandals – when it first came out. Many commented on the crime’s audacity and the fact that the “bank” was able…
