Some unlicensed asset management companies are still operating in China, causing a “serious threat to financial stability”, a top official of China’s central bank on Saturday. Fan Yifei, vice governor … ( read original story…
Tagged By finance
China’s consumer finance firms report growing client base
China’s consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report. By the end of June, … ( read original…
China’s investment in Belt and Road countries up 28.9%
BEIJING (Xinhua): China’s non-financial direct investments in countries along the Belt and Road (B&R) stood at US$10.27 billion in the first seven months, up by 28.9 per cent year-on-year, data showed … ( read original…
International Financial Center Property Ltd. — Moody’s affirms ratings of Beijing Capital Land and its subsidiaries; outlooks stable
Moody’s Investors Service has affirmed Beijing Capital Land Limited’s (BJCL) Ba3 corporate family rating (CFR). 2. The provisional (P)B1 backed senior unsecured rating on the medium-term note (MTN) … ( read original story …)
US-China relations: Middle East countries under pressure to take sides against Beijing: former Chinese envoy
US allies in the Middle East are coming under growing pressure to pick sides against China, posing a challenge to Beijing’s plans for a bigger economic foothold in the region, according to a former ……
China Renaissance Announces Unaudited 2020 Interim Results
China Renaissance Holdings Limited (“China Renaissance” or the “Company”; stock code: 1911.HK) today reported its unaudited interim results for the six months ended June 30, 2020. ( read original story …)
Baozun Announces Second Quarter 2020 Unaudited Financial Results
(GLOBE NEWSWIRE) — Baozun Inc. (Nasdaq: BZUN) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced … ( read original story …)
China is building a GitHub alternative called Gitee
The technological decoupling between the U.S. and China has been a boon to Chinese firms from chipmakers for smartphones and electric vehicles through to software that are the backbones of millions of … ( read…
X Financial Reports Second Quarter 2020 Unaudited Financial Results
PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading technology-driven personal finance company in China, today announced its unaudited financial results for the second quarter … ( read original story …)
China cenbank resumes 14-day reverse repos after near 2-month hiatus
China’s central bank will resume 14-day reverse repo operations for the first time in nearly two month on Friday, while injecting a total of 200 billion yuan ($28.93 billion) into the banking system … (…
X Financial Appoints New Chief Financial Officer
SHENZHEN, China, Aug. 20, 2020 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company”), a leading technology-driven personal finance company in China, today announced that it has appointed Mr … ( read original story …)
China’s Covid Recovery Is Taking on Water
Much of the enthusiasm for China rides on expectation alone. Hopes that Beijing will spend, ease and build its way out out of the slowdown are pushing up proxies of economic activity. Two trillion ……
Investors bet on Beijing’s localisation push as US-China tech war widens
US has strengthened restrictions on China’s Huawei Technologies and sanctioned China-owned apps TikTok and WeChat. ( read original story …)
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