Shaanxi Yanchang Petroleum Group has signed a RMB 15.3 billion facility through sole mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China, Bank of Communications, China CITIC Bank International, China Construction Bank…
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FBI probes bank regulator FDIC hack linked to China's military: sources
Washington: The FBI is investigating how hackers, believed sponsored by China’s military, infiltrated computers at a US federal agency that regulates commercial banks for several years beginning in 2010. The agency, the Federal Deposit Insurance…
China makes progress in building government financial report system
China has made headway in its plan to build a comprehensive government financial report system in a bid to raise fiscal transparency, according to an official report released Friday. At present, the country has started…
Alibaba-Backed China Retailer Suning Wins Approval To Set Up Bank
Suning Commerce Group, the big China appliance retailer whose investors include China e-commerce leader Alibaba Group, has received regulatory approval to set up a bank. The China Banking Regulatory Commission on Tuesday said Jiangsu Suning…
China Says it did not use ‘Financial Muscle’ as Sao Tome Break Ties With Taiwan
China’s Foreign Ministry spokeswoman Hua Chunying categorically refuted Taiwan’s allegation that China had indulged in “dollar diplomacy.”(Photo : Getty Images) China on Thursday refuted the Taiwanese government’s allegation that it used its financial … (…
China Nov crude oil imports from Saudi Arabia rise nearly 30 percent on year
BEIJING (Reuters) – China’s November crude oil imports from Saudi Arabia jumped nearly 30 percent from the year before, customs data showed on Thursday, with the kingdom overtaking Russia to become the largest crude supplier…
China's Xi calls for wide-ranging measures to regulate hot property market
BEIJING (Reuters) – President Xi Jinping said China’s approach to regulating its red-hot property market will include financial, fiscal, tax, land, and regulatory measures as Beijing looks to develop a long-term mechanism for an industry…
Ant Financial pushes rural finance service
use financial-services provided by Ant Financial under Alibaba Group Holding Ltd. [Photo provided to China Daily] Ant Financial Services Group, Alibaba Group Holding Ltd’s financial-services affiliate, has ramped up its expansion in rural finance－with ……
Donald Trump picks economist who wrote ‘Death by China’ to lead his trade council
U.S. President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday.…
China’s Tallest Building Resolves Issues That Delayed Opening
China’s tallest skyscraper, said it has resolved fire-safety issues that have delayed its full opening for 18 months. Fire inspections have been completed for all of the 632-meter (2,074-foot) building, located in Shanghai’s Lujiazui financial…
China's smoggiest city closes schools amid public anger
China’s smoggiest city closes schools as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children’s health. ( read original story…
China's drone seizure was a 'test' for Trump
China’s recent seizure of a U.S Navy underwater drone may have been an early political test for U.S. president-elect Donald Trump. On Saturday, China’s Defense Ministry released a statement announcing that its military had come…
Meet Latest China Finance Scare, Entrusted Bonds: QuickTake Q&A
There’s another Chinese financial practice that’s prompting high-decibel warnings. So-called entrusted bond holdings are a way for financial institutions to skirt rules on using borrowed money to invest in bonds. How? By getting a third…
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