* ANT FINANCIAL SAYS IT WILL WORK WITH CHINA EVERBRIGHT BANK TO HELP IT DEVELOP AREAS SUCH AS PRIVATE AND HYBRID CLOUD PLATFORMS, INTERNET FINANCE AND AI-DRIVEN APPLICATIONS Further company coverage: (Reporting by Hong Kong…
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China – Further Opening In The Financial Sector.
China’s financial regulators have suggested in recent weeks that liberalisations that would permit greater foreign participation in China’s financial markets were pending. Mr. Yi Gang, the chairman of the People’s Bank of China, announced the…
China’s brick-and-mortar state bank looks to Alipay for help to embrace fintech
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, said on Wednesday it had signed a strategic cooperation agreement with China Everbright Bank and its financial technology affiliate Everbright Technology, to help the…
China’s lending bubble is history
China’s shadow banking sector has been a major source of speculative lending to the global economy. But 2018 has seen it entering its end-game, as our first chart shows, collapsing by 64 per cent in…
Airlines obey Beijing’s demand to call Taiwan part of China
SHANGHAI — British Airways, Lufthansa and Air Canada are among 20 carriers that now refer to Taiwan, the self-ruled island that Beijing considers its territory, as a part of China on their global websites ,…
China central bank aims to improve information disclosure and transparency
BEIJING (Reuters) – China’s central bank pledged on Wednesday to improve its information disclosure as part of steps to make its policy-making process more transparent. The People’s Bank of China (PBOC) has been trying to…
China’s CBIRC Announces New Measures To Open Up Banking And Insurance Sectors
To further implement President Xi Jinping’s pledges for China to open up its financial sectors to foreign investment, the new China Banking and Insurance Regulatory Commission (“CBIRC”), which was established on 8 April 2018 through…
Bank of China and Qoo10 unveil co-brand credit card
Bank of China Singapore Branch and Qoo10 Singapore have tied up to launch a co-brand Mastercard credit card, which caters to both working adults and students. The Bank of China Qoo10 Mastercard card aims to…
Discussing the intent of reforms in China’s financial sector
Chantal Grinderslev of Z-Ben Advisors says reforms in China’s financial sector are intended to allow foreign firms to enter the country to adapt and grow with the market “alongside” domestic competitors. ( read original story…
China lowering auto tariffs is no ‘breakthrough’ in tense trade talks with US
China’s move to lower tariffs on imported autos and vehicle parts is a step in the right direction, but it’s a tiny one. The news China would lower tariffs on some imported vehicles by 10…
Chinese Police Hold Three After Protest by Laid-Off Workers in Beijing
Authorities in China’s capital are holding three people on public order charges after a protest by laid-off employees from the state-owned banking sector converged on Beijing to complain about a lack of promised benefits after…
China says it will cut tariffs on some auto parts and vehicles
China’s Finance Ministry said that it will cut import tariffs on some vehicles to 15 percent, down from as much as 25 percent. The announcement Tuesday also said that tariffs on some automotive parts would…
China stocks slip as banking, real estate shares weigh
* FTSE China A50 -1.1 pct, BNY Mellon ADR China Select Index -0.3 pct SHANGHAI, May 22 (Reuters) – China stocks slipped on Tuesday, weighed down by real estate and banking firms, despite renewed optimism…
