If you get into a car accident in China, you can simply pull out your smartphone, take a photo, and file an insurance claim with an AI system. That system, from Ant Financial, will automatically…
Tagged By banking
Anbang’s Chairman, China’s Financial Repression, Proving Milton Friedman Right Once Again
Quite why the Chinese police have decided to detain Wu Xiaohui, the Chairman of Anbang, is unknown. Certainly, he tried to do a deal with Jared Kushner but despite the lurid imaginings of some on…
How Anbang Could Clog China’s Financial Plumbing
China’s decision to detain the chairman of Anbang Insurance Group, one of the country’s most acquisitive companies, is stunning in itself. The knock-on effects on the Chinese financial system could deepen the drama. The initial…
China Aviation Oil Singapore : Date of Release of 2017 Second Quarter Unaudited Financial Results
Description (Please provide a detailed description of the event in the box below – Refer to the Online help for the format) DATE OF RELEASE OF 2017 SECOND QUARTER UNAUDITED FINANCIAL RESULTS China Aviation Oil…
Some of China’s richest and most powerful men have mysteriously vanished
… crackdown on the financial industry and an investigation into whether he was involved in financial crimes. Xiao’s reported $6-billion fortune made him China’s 32nd richest person in 2016. His conglomerate, the Tomorrow Group, includes…
China Minsheng Financial Holdg : CN Minsheng Fin may buy internet microcredit biz at Rmb279m
into a memorandum of understanding in relation to the possible acquisition of 74.33% 04:07a CHINA MINSHENG FINANCIAL HOLDG: CN Minsheng Fin may buy internet microcredit bi.. 06/15 CHINA MINSHENG FINANCIAL HOLDG: Minsheng Financial to Buy…
China’s Monetary Policy Zigs Where U.S. Zags
SHANGHAI—A day after the U.S. Federal Reserve tightened monetary policy, China’s central bank effectively loosened, in a move that suggests Chinese authorities are now more concerned about financial turmoil inside the country than money flowing…
How the Fed’s balance sheet unwind and return to financial ‘normalisation’ will hit China
A decade after the global financial crisis crippled markets, the US Federal Reserve is poised to revise its post-crisis-era interest rate policy and wind down its US$4.5 trillion balance sheet – a move that could…
China stands firm on monetary stance, unmoved by Fed’s rate hike
China’s central bank remained firm on its monetary policy stance, unmoved by the United States Federal Reserve rate hike, after months of precautions preparing its financial system for the impact. China’s financial markets remained calm…
Interview: China-Britain trade, financial cooperation to endure despite Brexit
LONDON, June 16 (Xinhua) — Britain’s decision to leave the European Union (EU) will not be a handicap to collaboration between Britain and China in financial services and trade, according to James Sassoon, chairman of…
China central bank plans fresh incentives to support green financing
China’s cabinet on Wednesday said the government will encourage domestic and overseas investors to participate in “green financing”, and will set up pilot areas to experiment with green finance reforms. China and the Asia Development…
China, ADB launch green financing platform to fight pollution
… Investment and Guaranty Corporation (I&G), the State Development and Investment Corporation (SDIC), as well as China’s finance ministry and National Development and Reform Commission. The bank late last year approved a loan of 458…
Even before Anbang chairman detained, some banks halted its products
The head of a Beijing branch of Industrial and Commercial Bank of China (ICBC) (601398.SS) said Anbang’s 3-year universal insurance products with guaranteed principal and interest were very popular last year, with interest rates at…
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