Pedestrians pass a Bank of China branch in Brussels, Belgium. BOC is China’s fourth largest State-owned lender by assets. [Photo/Xinhua] Bank of China Ltd completed the issuance of Belt and Road … ( read original…
Tagged By finance
World Bank President David Malpass says there is too much debt in the world
including the U.S. There is too much debt floating around the world and China is a big reason why, World Bank President David Malpass said Thursday. “There are challenges facing the world in terms of…
Ant Financial’s mutual aid platform Xiang Hu Bao hits 50 million users
Xiang Hu Bao, meaning “mutual protection” or literally “lend a helping hand,” was launched by Ant Financial last October in partnership with Trust Mutual Life Insurance Co, China’s first mutual life … ( read original…
Ant Financial disrupts old school health insurance in China, attracts 50 million users to its newly launched protection plan
Billionaire Jack Ma ’s Ant Financial has done more than perhaps any company to disrupt China’s massive banking and asset-management industries. Now it’s trying to reimagine health insurance. Ant’s … ( read original story …)
China’s middle class still seeking protection in Hong Kong’s insurance market despite forex crackdown
China’s growing wealthy middle class population are increasingly looking to safeguard their assets and plan for the future by investing in long term insurance and saving products in Hong Kong, but … ( read original…
How helicopter money, spent wisely, can lift a large economy like China
How China can rewrite the balance sheet for its own gain In his … and author of Nowhere to Hide: Great Financial Crisis and Challenges to Asia. Michael Heng is a retired professor who has…
Xi Jinping’s China seeks to be rich and communist
Will China emerge as a high-income country still ruled by a communist … to the recent economic and political failures of the high-income democracies: the global financial crisis; declining … ( read original story …)
Global financial stability risks still on the rise: IMF
WASHINGTON (Reuters) – Risks to the global financial system have grown over the past six months and could increase with a messy British exit from the European Union or an escalation of U.S.-China … (…
Glavin: Finally, parliamentarians admit Canada has a China problem
The report also notes the unsavoury business of lavish political donations on offer from Chinese businessmen with close links to China’s Communist Party leadership. Two years ago, the Financial … ( read original story …)
China consumer inflation surge unlikely to shift PBOC
The People’s Bank of China is likely in an “observation window” at the moment. Pork prices, a key element in the country’s CPI basket, rose 5.1 per cent in March, the first increase after 25…
China’s new top securities regulator joins c.bank policy panel
BEIJING, April 11 (Reuters) – China has named Yi Huiman, the country’s new securities regulator head, as a member of the central bank’s monetary policy committee, replacing Liu Shiyu, the cabinet said … ( read…
China Consumer Inflation Surges on Food, Factory Prices Rebound
senior China economist at Australia & New Zealand Banking Group, told Bloomberg TV, adding that the economy still needs support. “We do not think the PBOC will shift its stance towards more tightening … (…
Saxo Bank holds flagship Gateway to China event in Abu Dhabi
Dubai: Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, has hosted its flagship ‘Gateway to China’ event in Abu Dhabi giving an invited audience of … ( read original…
