JD Finance, is currently in the market raising fresh capital at a RMB50 billion valuation, a person with immediate knowledge of the matter told China Money Network. Investment institutions and individuals can buy JD Finance…
Tagged By banking
China's Chery files trademark complaint against Mercedes over green car brand
A Chery spokeswoman told Reuters on Thursday that the automaker had filed a complaint with the Trademark Office of the State Administration for Industry and Commerce, which it hopes will bar Mercedes from using the…
China stun Koreans to keep World Cup hopes alive
Yu Dabao struck in the first half as Marcello Lippi’s China stunned South Korea 1-0 to keep their slim World Cup hopes alive on Thursday. The Beijing Guoan forward’s header ensured China’s first win of…
China's ZTE posts Q4 net loss after U.S. sanction case fine
HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a…
China, Nepal to discuss joint military exercises
China’s defence minister will arrive in Nepal later Tuesday for talks on joint military exercises, a meeting that will be closely watched by India as Beijing boosts its influence in the region. Chang Wanquan will…
China Steps Up Its Promotion of Global Trade
Mar.23 — Lowy Institute Fellow Thomas Wright discusses trade and protectionism, and weighs in on President Trump’s attempt to overhaul U.S. healthcare. Wright speaks on “Bloomberg Daybreak: Australia.” ( read original story …)
Canada gets green light to join controversial China-led infrastructure bank
The bank, which was established by China in 2015, aims to provide infrastructure capital … have said it plans to loan out $10-15 billion over the next five years. Finance Minister Bill Morneau has said…
Asia Financial to use asset sale windfall for special dividend, acquisitions
including UCF Group which is based in Beijing and Hong Kong which has businesses in financial technology, online wealth management, payments, health care and real estate sectors, a source familiar with the deal told the…
China’s Leverage Love Affair Is Tricky to Break, PBOC Finds
The need for stronger action is becoming clear at China’s financial regulators, with further steps likely thanks to leverage that continues to mount. First in the line of fire was the bond market, which had…
China’s Love Affair With Leverage Is Tricky to Break, PBOC Finds
The need for stronger action is becoming clear at China’s financial regulators, with further steps likely coming thanks to leverage that continues to mount. First in the line of fire was the bond market, which…
Myanmar praises China for suspending rebels' bank account
Relations with China have been strained by the ethnic conflicts spilling … via two mobile payment services – Tencent Holdings’ WeChat Pay and Alipay, part of Ant Financial, which is affiliated with U.S.-listed Chinese e-commerce…
Exclusive: China's AgBank suspends account being used to crowdfund Myanmar rebels
Banks and financial firms in China, as elsewhere, are required by “know-your-customer” rules to check the identity of people or companies using their systems. Compliance experts said global financial firms typically use a number of…
China should create a 'level playing field,' Ericsson chairman says
China should provide the same degree of market access to foreign companies as Chinese firms are receiving in other countries, Ericsson’s chairman told CNBC. “It’s obvious that if China is to be part of the…
