The Beijing-based bank has an asset-management unit with 12 billion yuan in seed capital awaiting approvals. In addition, it has agreed to swap 50 billion yuan of debt owed by three state-owned mining and energy…
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China unveils new plan to further open economy to foreign investment
BEIJING (Reuters) – China’s cabinet issued measures on Tuesday to further open the world’s second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will lower restrictions on…
Audi to expand electric car range in China with FAW
An early entrant to China, Audi remains the best-selling premium car brand … up a new company for mobility and digital services as well as closer cooperation in financial services. (Reporting by Andreas Cremer and…
Stable Growth, Multiple Awards: China Rapid Finance Named to Hurun Report
China Rapid Finance Limited, a large Chinese consumer lending marketplace launched in 2001, added to its recent haul of awards and recognitions by being named to Hurun Report’s “2017 China New Finance Top 50.” CRF’s…
Taiwan simulates China attacks as tension rises
Taiwan began two days of military drills Tuesday simulating an attack by China as the government sought to reassure the public in the face of deteriorating relations with Beijing. The island’s armed forces gathered in…
2016: A big year for Shanghai's financial sector
furthering innovation of the financial system and increasing the city’s global influence in the finance industry. The China Financial Information Center and the Shanghai branch of the China Economic Information Service reviewed the city’s efforts…
China targets Bitcoin, casinos and overseas property buyers as outflows surge
China’s financial regulators have had a very busy start to the year. In just a few short weeks they have raided the country’s fast-growing Bitcoin exchanges, pressured banks to stop processing cross-border yuan payments until…
China says will not let non-financial firms' debt rise beyond current levels
BEIJING Jan 10 China will not allow non-financial firms’ debt to rise beyond current levels, the head of the state planning agency said on Tuesday. China’s corporate debt has soared to 169 percent of GDP.…
China's $800 Billion Wealth Fund Plans More US Investments
China Investment Corporation (CIC), the country’s sovereign … Ding Xuedong said at the Asian Financial Forum in Hong Kong. “We hope to increase our alternative investments (in the United States), which is also a common…
Robert Chow: Hong Kong's pro-Beijing firebrand
Hong Kong is home to a host of democracy activists angering China but one rabble-rouser — a silver-haired former radio host — has been embraced by Beijing for targeting supporters of a split from the…
Bank of China (Hong Kong), China Mobile International and China Mobile Hong Kong Signed Strategic Cooperation …
HONG KONG, Jan. 17, 2017 /PRNewswire/ — Bank of China (Hong Kong) Limited (“BOCHK”), China Mobile International Limited (“CMI”) and China Mobile Hong Kong Limited (“CMHK”) jointly announced that the three corporations have signed a…
China’s next big short is stocks, hedge fund manager says
When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers…
Beijing Warns Trump on One-China Policy
Jan.15 — Beijing has now warned Donald Trump not to question its claim to Taiwan, saying its one-China policy is not negotiable. This comes one day after the President-elect hinted at a major reset of…
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