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…
Tagged By banking
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…
China orders stricter policies on new loans
To cut excess leverage in the financial system, China’s central bank has ordered for a stringent control on new loans within the country’s banking sector in the first quarter of this year. The People’s Bank…
China’s Fake Bonds Flash Enron Warning
China’s latest bull market in bonds isn’t about rising prices or improving credit conditions. It’s about fakes. Global uncertainties are pushing government debt yields toward their highest level since September 2015. Amid the chaos, China’s…
Brian Gaynor: Finance company sale raises fears
There is widespread apprehension regarding the sale of UDC Finance, the country’s largest finance company, to China’s HNA Group. This is because UDC is an important lender to domestic industrial companies, because it may have…
Bank of China : Letters To The Editor
I just got back from the FDR Presidential Library & Museum in Hyde Park, New York. It was well worth the trip. The following was from his inaugural address: “The test of our progress is…
IMAX China To Announce Full-Year 2016 Financial Results And Host Conference Call
SHANGHAI, Jan. 26, 2017 /PRNewswire/ — IMAX China Holding, Inc. (“IMAX China”, HKG: 1970), today announced it will host its annual conference call to discuss full-year 2016 financial results on Thursday, Feb. 24, at 8:00…
The Hong Kong Of The Future: Merging Finance, Electronics And Healthtech
Competition from Shenzhen Hong Kong is generally seen as a place for finance, and Hong Kong’s fintech sector keeps growing despite some uncertainty due to regulations from Beijing. Yet, it is also facing increasing competition…
Alibaba's Ant Financial buys MoneyGram for $880m
Ant Financial has a big market share in the online payments industry in China. The acquisition could help the company extend the lead as well as expand overseas, as competition is growing in China with…
