Local governments in China are exploring the use of data as an asset to help balance their chequebooks – an idea which could reduce their heavy debt burdens but has also prompted concerns over …
Tagged By banking
1st LD-Writethru: Mastercard’s joint venture starts bank card clearing business in China
Mastercard NetsUnion Information Technology (Beijing) Co., Ltd., a joint venture of Mastercard and NetsUnion Clearing Corporation, received formal approval from the People’s Bank of China, China’s …
Absa opens a representative office in China to boost trade with Africa
Through this expansion, Absa isn’t merely acquiring a new location; we’re affirming our dedication to expanding our global presence and playing our part in facilitating growth on the continent,” Absa CEO Arrie Rautenbach said.
China’s central bank treasury-bond trade restart ‘now certain’ as discussions deepen between monetary, fiscal agencies
State media article on Wednesday says it is ‘certain’ that China’s central bank will participate in treasury bond trading amid better coordination with the finance ministry An instruction by President …
Absa opens Beijing office to unlock trade, investment opportunities, show confidence in China market
South Africa’s Absa Group, a leading pan-African bank, announced on Wednesday the official launch of its new non-banking subsidiary in Beijing. The ambitious move aims to unlock more trade and …
China pours USD166M into urban renewal projects to stimulate economy
In a bid to rejuvenate its economy amidst a housing slowdown, China has announced plans to allocate billions towards the renovation of dilapidated pu …
Intel, Qualcomm say exports to China blocked as Beijing objects
Intel did not disclose the name of the Chinese customer in its filing with the Securities and Exchange Commission. Reuters had reported on Tuesday the U.S. has revoked licenses that allowed companies, …
China’s banks pore over Russia transactions, causing delays and unsettling exporters
With China’s ties to Russia under stronger scrutiny from the West, banks are keeping a closer eye on transactions with links to Moscow – and China’s exporters are concerned their bottom line will …
China central bank says treasury bond trading will be two-way
May 8 (Reuters) – China’s central bank said on Wednesday that it can either buy or sell treasury bonds in the secondary market depending on market conditions, as such trades can be used to manage…
China-US relations: American funding tool struggles to compete with belt and road, particularly in Latin America: DFC chief
Head of US International Development Finance Corporation Scott Nathan calls on members of Congress to review the eligibility criteria for funding to help build partnerships, particularly in Latin …
Fenjiu International Enters the Argentine Embassy in Beijing to Bridge Cultures through Wine on the Silk Road
Diplomacy Just Got more Delicious on the Occasion of Malbec World Way that Celebrates the Intersection of Both Cherished Wine Cultures BEIJING, CHINA / ACCESSWIRE / May 8, 2024 / Fenjiu International, …
Senior official with China’s new financial regulator targeted in corruption probe just a week into the job
Ren Chunsheng is detained after starting role at regulatory body established last year as part of Communist Party and state organ overhaul Beijing’s anti-corruption watchdog has had the financial …
China has launched an economic war against the West – and Britain is sleeping
Under Xi Jinping, China’s rivalry with the free West has become a zero … and welcomed Chinese Premier Li Keqiang in return – was given clearance to finance and build nuclear power stations and …