China to encourage financial innovation, control risks

vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. "In the context of putting more emphasis on defence against financial risks, we should continue to vigorously promote financial innovation," Wang said ... ( read original story ...)

Moscow, Beijing draw closer in banking

Central Bank of Russia opens first overseas office in Beijing as part of 'strategic partnership' China and Russia will strengthen financial cooperation, especially in the fields of currency exchange, currency settlements and banking cooperation ... ( read original story ...)

JD Finance Is Raising New Funding At RMB50B Valuation

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 shares with a minimum purchase ... ( read original story ...)

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 in the final qualifying group -- and only their second ... ( read original story ...)

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 U.S. sanctions case. The loss for the ... ( read original story ...)