While big state-owned lenders, including Industrial and Commercial Bank of China and China Construction Bank, have retreated at least 5 per cent this year amid liquidity tightening and corporate bond defaults, the risk reward is…
Tagged By finance
China Merchants Bank to expand focus on fintech
and the restructuring of human resources to hire more talents specialized in digital and information technologies,” said Chen at a news conference in Beijing. China Merchants Bank will expand its reach outside of just financial…
China’s Mighty Piggy Bank Is Shrinking
China’s much-criticized trade surpluses are declining in a shift that’ll see less of its excess savings recycled into global capital markets. For emerging markets already struggling to cope with rising U.S. interest rates, that prospect…
China cuts import duties on some consumer goods
BEIJING — China is reducing import duties on washing machines, cosmetics and some other consumer goods amid U.S. pressure to narrow its multibillion-dollar trade surplus. The Cabinet announcement Wednesday was the third tariff cut in…
How Will Ant Financial, China’s Fintech Giant, Be Impacted By New Regulations?
Ant Financial, which began as an online payment branch of Jack Ma’s internet marketplace behemoth Alibaba, is now an affiliate company that operates the largest online payments platform in the world. Ant Financial also has…
African finance leaders to debate using China’s yuan as a reserve currency
Central bankers and officials from 14 African nations will discuss the viability of using China’s yuan as a reserve currency for the region, Xinhua reported on Tuesday. Seventeen top central bankers and officials from the…
At Beijing security fair, an arms race for surveillance tech
BEIJING (Reuters) – It can crack your smartphone password in seconds, rip personal data from call and messaging apps, and peruse your contact book. The Chinese-made XDH-CF-5600 scanner – or “mobile phone sleuth”, as sales…
Hongkong Land Officially Opens WF CENTRAL in Beijing
BEIJING, May 30, 2018 /PRNewswire/ — Hongkong Land today officially opened WF CENTRAL, its US$1.2 billion first flagship retail-led project in Beijing. It will play a crucial role in the redevelopment of the historic Wangfujing…
Serpentine Galleries and WF CENTRAL Officially Open Serpentine Pavilion Beijing
Designed by Jiakun Architects, the first international Pavilion in Beijing hosts an eclectic programme of art … leaders across a wide spectrum of industries including leading finance, media, entertainment, retail and hospitality experts, invited to…
Room seen for finance sector reform
Yi Gang, governor of the People’s Bank of China. [Photo/VCG] There is more room for further opening-up by China in the financial sector, with more efforts to focus on three areas－capital account convertibility, market-oriented exchange-rate…
China carries out spot checks on shadow banking-CSJ
SHANGHAI, May 30 (Reuters) – China’s banking regulator is carrying out nationwide inspections on financial institutions such as trusts to check on their shadow banking and interbank activities, the China Securities Journal reported on Wednesday…
China’s New Financial Sector Reforms: Will They Go Far Enough?
Earlier this year, Chinese President Xi Jinping pledged that the country will accelerate the opening up of its financial sector in a series of “landmark” measures to be launched in 2018. They include fast-tracking foreign…
China central bank aims to expedite drafting of regulations for financing of small businesses
BEIJING (Reuters) – China’s central bank will speed up the drafting of financial regulations that govern the financing of small businesses, Central Bank Governor Yi Gang said on Tuesday, as part of wider efforts to…
ADVERTISEMENT
