China vows to boost BRICS financial cooperation: ministers

China will work actively with parties concerned to push forward the financial cooperation among the BRICS countries and make more achievements, China's finance minister and central bank chief have said. They made the remarks on Friday at the BRICS summit ... ( read original story ...)

China: WeiyengX Fintech Review

Last Friday, the People’s Bank of China briefed media on China’s financial reform and developments on the sidelines of the Two Sessions in Beijing.‍ Officials attending the press conference included: Zhou Xiaochuan: Governor of the People’s Bank of ... ( read original story ...)

China's Ant confident of closing MoneyGram deal: executive

Ant, which dominates China's online payment market but has been ramping up ... So I would expect to see some other partnerships this year," Feagin said. Ant Financial is currently in talks with Indonesian media conglomerate Emtek to launch a payment ... ( read original story ...)

Shadow Lending Threatens China’s Economy, Officials Warn

BEIJING — The chairman of China’s biggest bank and a senior Chinese insurance regulator issued strong warnings on Saturday about the dangers of shadow banking to the Chinese economy, in the latest signs of growing top-level concern here about a rise in ... ( read original story ...)

Beijing to expand funding for reducing air pollution

The municipal government plans to spend up to 18.2 billion yuan ($2.6 billion) this year on stronger pollution-control measures, the Beijing Finance Bureau said. In 2014, the special allocation for air pollution was 12.9 billion yuan. “We will crack down ... ( read original story ...)

North Korea, South China Sea on Tillerson agenda in Beijing

BEIJING (AP) -- U.S. Secretary of State Rex Tillerson arrived in Beijing on Saturday for his first face-to-face talks with Chinese leaders expected to focus on North Korea's nuclear program, trade and South China Sea territorial disputes. Tillerson's visit ... ( read original story ...)

China loosens some license requirements for foreign banks

SHANGHAI China's banking regulator scrapped license requirements for foreign and joint-venture lenders in the country for treasury bond underwriting, custody and advisory services among other services on Friday. The move comes as President Xi Jinping seeks ... ( read original story ...)