It is possible to be nearly cashless in China and actually go out for the day without a wallet. The main rival to WeChat Pay is Alipay, owned by Alibaba affiliate Ant Financial. WeChat and…
Tagged By finance
China’s central bank rolls out ambitious reform plan
The People’s Bank of China has released its latest reform plan which focuses on its function, internal organizations and staff, The Paper reported. A new Macro-Prudential Management Department has bee… ( read original story …)
Analysis: Chinese Traders Remain Lucrative, Despite Beijing Scrutiny
For this reason, the Finance Magnates Intelligence Department has launched a new project, creating a set of indices encompassing various aspects of the online trading industry. These indices will prov… ( read original story …)
China Buys 2 Million Tons of U.S. Soybeans Post Trade Talks
(Bloomberg) — China has snapped up more U.S. soybeans following two days of trade talks in Washington. State-run buyers Cofco Corp. and Sinograin purchased more than one million tons of American soyb… ( read original…
China’s Ready to Party Like It’s 2015 Again
(Bloomberg Opinion) — Prepare for a repeat of China’s 2015 boom, bust and whimper? Days after replacing an overly cautious securities regulator, Beijing has mounted a multi-pronged effort to revive t… ( read original story…
Banking and Financial Smart Cards market scaling rapidly according to new research report
From a global perspective, this report represents overall Banking and Financial Smart Cards market size by analyzing historical data and future prospect. Regionally, this report focuses on several key … ( read original story …)
China’s PBOC Sets Up Bureau to Improve Financial Oversight
(Bloomberg) — The People’s Bank of China has set up a department to oversee and eliminate financial risks, as part of its restructuring of departments and personnel. The PBOC established the macro-pr… ( read original…
Norway’s $1 Trillion Man Talks Brexit, China and Big Tech
YS: Finance is a privileged area to work in because it’s a gravitational … BM: Some of these companies—Alibaba, Tencent—are operating in China. What is your view on the opportunity in the Chinese ma… (…
Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal
Trump advisers say China has failed to meet commitments in the past, one reason they decided early in the president’s term to emphasize the stick over the carrot. U.S. tariffs on Chinese goods have up……
China May Cut Rates Soon, Says Economist Who Called 2014 Move
(Bloomberg) — The rapid deterioration in China’s economic data could spur the central bank to cut its benchmark interest rate as soon as Feb. 1, according to Barclays Plc economists. “Existing measur… ( read original…
Tariffs May Be Trump’s Best Bet to Enforce Any China Trade Deal
Trump advisers say China has failed to meet commitments in the past, one reason they decided early in the president’s term to emphasize the stick over the carrot. U.S. tariffs on Chinese goods have up……
BRIEF-China Communications Services Corp Says China Telecom Finance To Provide Financial Services To Group
Feb 1 (Reuters) – China Communications Services Corp Ltd : * CHINA TELECOM FINANCE HAS AGREED TO PROVIDE FINANCIAL SERVICES TO GROUP * DEAL TO ESTABLISH CHINA TELECOM FINANCE WITH A REGISTERED … ( read…
BRIEF-China Telecom Announces On Financial Services Framework Agreements
Feb 1 (Reuters) – China Telecom Corp Ltd: * CHINA TELECOM FINANCE, CHINA TELECOMMUNICATIONS CORP ENTERS CHINA TELECOMMUNICATIONS CORPORATION FINANCIAL SERVICES FRAMEWORK AGREEMENT * CHINA TELECOM … ( read original story …)
