Tag: banking

A wave of about 25 African, European and South American countries, including Ireland, is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald ... ( read original story ...)

Beijing (AFP) - China has announced a 14-month campaign to "clean up" internet service providers and crack down on devices such as virtual private networks (VPNs) used to evade strict censorship. The ruling Communist party oversees a vast apparatus ... ( read original story ...)

Of course, concerns about debt and the financial system are not unique to China. In Italy, for example, many banks found themselves saddled with non-performing loans (bad debt), and some small banks faced restructuring. New European Union rules now require ... ( read original story ...)

China has unseated North America as the global investment leader in financial technology, or "fintech," according to Citigroup's (c) latest report on "digital disruption." The researchers attribute the power shift to the rise of what they term "Chinese ... ( read original story ...)

China Rapid Finance Limited (“CRF” or “the company”), China’s largest consumer lending marketplace in terms of number of loans facilitated, was named a finalist for “Innovator of the Year" honor at the first annual LendIt Industry Awards. ( read original story ...)

SHANGHAI A move by China's central bank to provide temporary liquidity support marks the creation of a new policy tool designed to ease seasonal cash shortages, while sending the signal that monetary policy remains stable and neutral, the Financial News ... ( read original story ...)

The country’s forex reserves have shrunk by almost a US$1 trillion since June 2014 as the central bank has sought to prevent a large fall in the yuan against the US ­dollar. Zhang call’s for Beijing to reverse tack and abandon its heavy intervention ... ( read original story ...)

Beijing-based Oceanwide pledged US$3.8 billion to take control of US insurer Genworth Financial in 2016. The 2016 global investment banking revenue rankings was led by JPMorgan, which topped the table with an 8 per cent market share. Goldman Sachs and Bank ... ( read original story ...)

BEIJING Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau of Statistics (NBS) data ... ( read original story ...)

according to a statement from the Department of Finance on Sunday. The visit occurs three months after Duterte visited Beijing to pave the way for what he called a new commercial alliance. He has increased his overtures to China since assuming office last ... ( read original story ...)