South Korean Bank Creates Cross-Border Bitcoin Service

A joint effort between the bank and Streami Inc. will oversee the cross-border service between Korea and China. Shinhan Bank and Streami Plan to Launch South Korean Bitcoin Remittance Platform Blockchain remittance could save significant costs and ensure ... ( read original story ...)

China has limited room for further monetary easing: CICC

Investment bank CICC believes there is limited room for China's central bank to use further monetary easing, saying focus would shift to curbing asset bubbles and guarding against financial risks. Room for further monetary easing is limited because real ... ( read original story ...)

China's household debt a growing risk to economy

Faced with expensive medical bills to treat breast cancer, the 38-year-old nurse from Heilongjiang in northern China is struggling to repay her mortgage and relies on financial support from her wider family to pay for her healthcare. To cut household costs ... ( read original story ...)

China Banking Sector: Challenges In The Near Future

Slowing economic growth and shrinking net interest margins are leading to rising bad debt and sluggish profit growth. Most of China’s bad debt is from “old economy” sectors most of which are struggling with overcapacity such as steel, coal, cement ... ( read original story ...)

U.K., China Agree ‘Strategic Plan’ for Financial Services

LONDON—The U.K. and China on Thursday agreed to deepen ties between their financial services industries, in part of Britain’s ongoing push to establish London as a global hub for Chinese finance that has gained added significance since the country ... ( read original story ...)

UK-China 8th Economic and Financial Dialogue: financial services

Plans for London-Shanghai Stock Connect to progress to next stage as part of long-term, strategic plan for financial services cooperation between UK and China. The London-Shanghai Stock Connect – the first of its kind outside China – will proceed to ... ( read original story ...)