A young man has been arrested in southern China after he failed to rob a bank before dawn using his own excavator, mainland media reports. The man, surnamed Luo, drove the digger to a branch…
Tagged By china
China banking sector's total assets up 16.3 pct y/y at end-Nov
BEIJING Dec 26 The value of total assets held by China’s banking sector rose 16.3 percent to 222.25 trillion yuan ($31.98 trillion) as of end-November, compared with the same period a year earlier, the China…
China Bank Says Bond Guarantee Forged as Market Mood Worsens
Yield premium for China company notes rises most since 2007 China Guangfa Bank Co. said Monday that documents and seals for a letter claiming to guarantee bond payments by the lender were forged, in the…
Bank Backed By China Construction Equipment Billionaire Opens Doors
Hunan Sanxiang Bank, backed by China construction equipment billionaire Liang Wengen, opened its doors today in Changsha. Liang’s main holding company Sany Group and a subsidiary of Shanghai-listed Sany Heavy Industry will own a combined…
China's Sany sets up commercial bank
CHANGSHA, Dec. 26 (Xinhua) — Sany Group, the parent company of heavy machinery manufacturer Sany Heavy Industry Co. Ltd, on Monday led a group of ten private companies in setting up a commercial bank. The…
China's outward investment tops $161 billion in 2016 – minister
BEIJING (Reuters) – China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan (131.30 billion pounds) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao…
China promises strong support as Sao Tome pitches for business
BEIJING China promised strong support on Monday for its newest friend in Africa, the former Taiwan ally Sao Tome and Principe, whose foreign minister made a pitch for Chinese firms to invest in his “tranquil”…
China's first aircraft carrier in Western Pacific drill
Reuters news agency reported. Japan’s defence ministry said it spotted the Liaoning as part of a fleet of eight Chinese warships that included destroyers and frigates, in the central part of the East China Sea.…
China successfully tests EmDrive technology
China has successfully tested the potentially revolutionary spacecraft technology EMDrive in its labs, Dr. Chen Yue, the Director of Commercial Satellite Technology for the China Academy of Space Technology (CAST), announced. While traditional spacecraft ……
'China could overtake US air superiority using hacked American technology'
The technology that went into China’s new J-20 jet fighter was stolen and diverted from export licenses the Commerce Department issued over a decade ago despite Defense Department objections, former Pentagon official Michael Maloof told…
China needs to regulate 'money gates' but guard against financial stress: state media
BEIJING (Reuters) – China needs to keep financial market liquidity stable and regulate its “money gates” to prevent asset bubbles, but it also needs to ensure a lack of liquidity doesn’t cause financial stress, according…
China's 1st Aircraft Carrier Heads for Western Pacific
China’s first aircraft carrier has set off for the Western Pacific for an open-sea training exercise, the Defense Ministry said. State media said it is the first time that the Liaoning, which was commissioned by…
Beijing to take more steps to cool residential property market: Xinhua
BEIJING Beijing, one of China’s hottest residential real estate markets, will step up property controls to keep home prices stable next year, the official Xinhua news agency reported on Sunday. Stoked by speculators, home prices…
