Swiss Finance Minister Ueli Maurer has been touring China for the past week. On several stops along his trip, Maurer has given speeches and interviews detailing Switzerland’s hopes in strengthening financial ties with China and…
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Ivanka Trump is a ‘goddess’ in China
IN AMERICA, she’s simply first daughter Ivanka Trump. But in China, President Trump’s second-oldest kid is fast becoming a cult figure — complete with an online fan club dedicated to “Goddess Ivanka.” “Most people in…
BRIEF-China Financial Leasing Group announces placing of new shares
* Placing agent,Supreme China Securities, and company entered into placing agreement * Placing agent agreed to place up to 148 million placing shares * Agreement at a placing price of HK$0.2 per share Source (bit.ly/2pGvdxd)…
China launches 1st unmanned cargo spacecraft
Chinese officials are now looking to internationalize their own program by offering to help finance other countries’ missions to Tiangong 2. Since China conducted its first crewed space mission in 2003, it has staged a…
BRIEF-China Success Finance says Guangdong Success Finance Guarantee entered into agreement
April 20 China Success Finance Group Holdings Ltd: * Guangdong success finance guarantee entered into new payment guarantee agreement with Foshan Nanhai Yingguan * Guangdong success finance to guarantee 10% of contract sum of new…
UN Turns To China For Ground-Breaking Digital Tool To Enable Green Finance
China’s Ant Financial is the same company that helped to pioneer ‘social scoring’ for the the government, a purely Technocrat-inspired program. Now, the UN will use the same firm to promote and enable Green Finance…
China's internet finance thrives as fraud fades
BEIJING — Wang Pengfei, vice president of a leading internet finance company, has seen the industry grow in China at a galloping pace, along with some shady practices. After working at a State-owned lender for…
China's Ant Financial targets brand boost in SEAsia with helloPay deal
BEIJING Ant Financial, the payment affiliate of Alibaba Group Holding Ltd (BABA.N), has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia.…
How China can ward off financial crisis
With emerging Asian economies now accounting for nearly two-thirds of global growth, China bears have a ready audience for their gloomy prognostications. Some, like the high-profile U.S. economist Tyler Cowen, have been predicting imminent financial…
Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks
He was wrong. On Wednesday, Ms. Wang, 61, joined about a dozen other customers in the lobby of a Beijing branch of the bank China Minsheng, pressing employees for details and demanding their money back,…
China bank overseer launches ‘regulatory windstorm’
China’s new chief banking regulator has started with a bang, issuing a flurry of new policy directives during his first month aimed at the industry’s knottiest problems, in line with the government’s focus this year…
China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing
China’s shadow banking is back in full swing, an unintended side effect of the government’s campaign against financial leverage, which has curbed traditional lending and squeezed bond financing. Data from the central bank Friday showed…
China Minsheng Banking : Bank Says a Company Executive Is Under Investigation by Police
BEIJING–China Minsheng Banking Corp. said Wednesday one of its executives is under a police investigation on suspicion of “illegal conduct.” Minsheng has set up a team to work with police in their investigation of Zhang…
