BEIJING — China will raise its defence budget by about 7 per cent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy. Total defence spending would account…
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JD.com, Chinese Internet Retailer, Spins Off Finance Unit
Along with its core payment platform for consumers and companies, JD Finance is venturing into credit scoring and loans. It has teamed up with China UnionPay, the state-backed financial company, to work on online payments,…
China says defense budget to rise by about 7 percent in 2017
BEIJING (AP) — China will raise its defense budget by about 7 percent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy. Total defense spending would account…
Financial risks hang over China legislature meeting
The gathering of 3,000 National People’s Congress (NPC) delegates at Beijing’s cavernous Great Hall of the People is staged annually by the all-powerful party to portray a facade of popular rule. It typically has little…
China's new banking regulator vows to tighten supervision, curb risks
BEIJING China’s newly appointed banking regulator vowed on Thursday to strengthen supervision of the lending sector, underscoring Beijing’s determination to fend off financial risks and push forward with reforms this year. Guo Shuqing, making his…
Risk prevention in China's banking sector to be a 2017 focus: new regulator
BEIJING China’s newly appointed banking regulator said on Thursday that risk prevention in the sector will be a more prominent policy focus in 2017. Guo Shuqing, chairman of the China Banking Regulatory Commission (CBRC), also…
Xi says China must 'unswervingly' crackdown on financial irregularities
BEIJING Chinese President Xi Jinping said the nation must “unswervingly” crackdown on financial irregularities and illegal behaviors, while improving shortcomings in its market supervision, state news agency Xinhua quoted him as saying on Tuesday. (…
China considers financial “rewards” for second child after baby boom fails to materialise
China is considering paying couples to have a second baby after the scrapping of rules limiting family sizes failed to produce an expected baby boom. Authorities imposed a “one-child policy” for almost four decades which…
China's Two-Child Policy: Authorities Mull Financial Rewards For Couples Who Go For Second Child
China is reviewing birth rewards and subsidies to encourage couples to have a second child, after surveys showed that many are hesitant to expand families due to economic constraints, the state-owned China Daily newspaper reported.…
China planning to offer financial rewards to encourage couples to have second child
China is said to be considering offering financial incentives to couples to encourage them to expand their families to four. The latest measure comes after a survey showed Chinese couples preferred to have only one…
Manulife stands to benefit from foreign ownership relaxation in China: CEO
If China relaxes foreign ownership limits on financial firms as anticipated, Manulife Financial Corp. is keen to take controlling stakes in operations there, said Don Guloien, chief executive of the Toronto-based insurer, which already has…
Economic Watch: China's financial regulators keep lid on emergent risks
BEIJING, Feb. 27 (Xinhua) — China’s central bank and regulators for the stock, banking and insurance sectors are in full swing attempting to rein in rising financial risks. The country’s top stock market regulator Sunday…
China’s securities watchdog ‘hard on the digital trail of financial crocodiles’
The head of China’s securities watchdog refused to name names on Sunday as he vowed pursue “barbarians” and “crocodiles” preying on the nation’s financial markets at the expense of retail investors. China Securities Regulatory Commission…
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