Behold, the latest in Chinese financial innovation. That’s a statement published this week by the National Association of Financial Market Institutional Investors. It heralds the start of trading, in China, of credit-default swaps (CDS), or…
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Alibaba's Ant Financial Taps SE Asia's Multibillion-Dollar Mobile Payments Market
It said it would help Ascend grow online and offline payments and financial services business. However, a statement posted in June by China’s Ministry of Commerce said Ant Financial intended to buy a 20% stake…
China debt risks stoke internal debate over lowering 2017 growth goal
even as it has stepped carefully to avoid repeating the huge stimulus package implemented in the global financial crisis, which saddled the economy with a pile of debt. China’s debt has soared to 250 percent…
China hopes Germany's probes into Chinese acquisitions 'an exception'
BEIJING (Reuters) – China hopes Germany’s recent security investigations into proposed acquisitions by Chinese companies are “an exception”, a spokesman for the Ministry of Commerce said on Wednesday. Shen Danyang also said China hopes Germany…
China's non-financial debt over $22.7 trillion: Official
BEIJING: China’s non-financial debt is estimated to be more than $22.7 trillion, accounting for 227.92 per cent of its GDP, a senior Chinese finance ministry official said today amid concerns it may spiral out control.…
China Is Now The World's Leading Energy Financier — What Does That Mean For Climate Change?
The International Money Fund and the World Bank have long functioned as pillars of the global economic and financial order. But when it comes to financing the energy needs of the world, there’s a new…
As China Battles Corruption, Glaxo Lands in the Cross Hairs
The government has intensified its scrutiny of Microsoft on antitrust matters this year, demanding more details about its business in China. And just two weeks ago, the authorities detained a group of China-based employees, including…
China central bank injects $112.8 billion in October via policy tools
BEIJING China’s central bank injected a total of 763.71 billion yuan ($112.8 billion) via short- and medium-term liquidity tools in October, its data showed on Tuesday, as it seeks to support credit expansion and the…
Breakdown: Gauging the risks of a China crisis
BEIJING (Reuters Breakingviews) – Can China avoid a financial crisis? That’s the question facing regulators and investors after a rapid rise in leverage in the world’s second-largest economy. The links between the official banking system…
China's manufacturing hits 2-year high as demand perks up
HONG KONG – Private and official surveys showed Tuesday that China’s factory activity rose last month to its highest level in more than two years, suggesting the world’s No. 2 economy is stabilizing. The Caixin…
China priests' fears over Vatican's Beijing olive branch
Secret talks between the Vatican and Beijing are raising hopes of a “historic” rapprochement after six decades of estrangement, but some Chinese clergy fear that Rome will accept a Communist stranglehold over the country’s Catholics.…
China's Alibaba in 'flying pig' controversy
A Chinese Muslim’s call for e-commerce giant Alibaba to rename one of its services because it uses the word “pig” has sparked a backlash in China. It all began when Alibaba changed the name of…
15 confirmed dead, several more missing after China mine explosion
Later, two more bodies were recovered from among the 33 left in the shaft following the explosion, Xinhua News Agency reported … smaller mines to shut down temporarily, Xinhua said. China’s mining industry has long…
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