All views expressed are those of the author(s) and should not be taken as reflecting the views of the Financial Times. The much-trumpeted Belt and Road Initiative (BRI) is also a digital play by China…
Tagged By finance
A Dark Alley in China’s Credit Market Suddenly Getting Rough
CHINA DEFAULT WATCH: Three More Companies Missed Payments While … raising strategy may be numbered if the securities are no longer accepted as collateral for financial transactions. “In the short … ( read original story…
China releases white paper on financial services for small businesses
China on Monday issued a white paper on financial services provided for small and medium-sized enterprises (SMEs). As a major source of new growth drivers, SMEs have played an important role in … ( read…
Facebook’s Libra global cryptocurrency – how will China react?
China’s central bank did not respond publicly to Facebook … industry news website CoinDesk said that 14 banks had funded the development of stablecoins to ease financial transactions in five fiat … ( read original…
China wins when US focuses on short-term profits: telecom mogul
“We don’t even have a real telecom manufacturer for cellular equipment in the United States,” McCourt told Yahoo Finance’s On the Move … business for a long time and we’ve been using China for 50…
Beijing orders brokerages to lift fundraising quota, eases liquidity for smaller financial firms
Beijing is working to ease interbank liquidity tightness after the takeover of Baoshang Bank, an Inner Mongolia-based mid-sized commercial bank, last month. “This is another action by the PBOC to ease … ( read original…
China central bank says lending small firms jumps 21 percent in January-May
BEIJING (Reuters) – China’s central bank said on Monday that more loans have been extended to small firms in the first five months of 2019, heeding Beijing’s call to support the economy. The number of…
US attacks on China’s economy reflect a double standard
During the 2008 financial crisis, the US rescued banks and provided fiscal … as part of its “America First” goal. SOEs are not unique to China. The concept started in the west. In sectors such…
China C.bank Says Lending Small Firms Jumps 21% in January-May
BEIJING — China’s central bank said on Monday that more loans have been extended to small firms in the first five months of 2019, heeding Beijing’s call to support the economy. The number of ……
The Bitter Contest for China’s Online Shoppers
Over the past few years, the French company’s plans to shrink its China footprint has been one of the worst-kept secrets in banking. Though Carrefour sold the business pretty cheaply – with a … (…
Chinese bank involved in probe on North Korean sanctions and money laundering faces financial ‘death penalty’
The order triggers for the first time a provision that could cut off one of China’s largest banks from the U.S. financial system at the demand of the U.S. attorney general or treasury secretary. The…
China’s ride-hailing giant wants to dominate electric-vehicle charging—so does one of its top backers
… t have enough charging stations—and China’s biggest ride-hailing giant Didi Chuxing could end up competing with its backer, Ant Financial, to get users to them. Last week, Alipay, the all … ( read original…
Beijing eases short-term liquidity for smaller financial firms, orders fifth brokerage in a week to lift fundraising quota
Shenzhen-based brokerage GF Securities said on Monday it had been asked to lift the quota on short-term fundraising by Beijing, a move that may boost lending to smaller financial firms. “The company … ( read…
