Businesses in China are set to spend an additional $835 million on advertising ahead of the World Cup, which starts in a week’s time. The twist is that the Chinese didn’t qualify for the soccer…
Tagged By finance
Huzhou to spend 1b yuan per year to develop green finance
Huzhou is exploring new financing mechanisms to speed up the development of green finance. [Photo/VCG] Huzhou in Southeast China is exploring new financing mechanisms to speed up the development of green finance, with a 1…
China’s central bank drains 70 bln yuan from market
BEIJING, June 7 (Xinhua) — China’s central bank drained 70 billion yuan (about 11 billion U.S. dollars) from the financial system through open market operations Thursday, with the volume of maturing securities exceeding new injections.…
Word Bank approves 600 mln USD in loans for China’s water resource management
BEIJING, June 7 (Xinhua) — The World Bank said Thursday it has approved three loans worth 600 million U.S. dollars to China to improve water resource management. The loans, approved Wednesday, will be used to…
China’s central bank drains 70b yuan from market
A clerk counts cash at a bank outlet in Hai’an county, East China’s Jiangsu province. [Photo/China Daily] BEIJING- China’s central bank drained 70 billion yuan ($11 billion) from the financial system through open market operations…
World Bank hails ‘solid’ China outlook
The World Bank on Tuesday raised its forecast for China’s year-on-year GDP growth this year to 6.5 percent from its earlier prediction of 6.4 percent, citing the country’s “solid” economic growth so far this year.…
China’s regional banks poised for $14bn IPO fundraising
But analysts see tepid demand for the new shares. Investors typically view bank shares as a bet on the macroeconomy, and that of China is showing signs of a slowdown. After a strong start to…
Air Canada and Air China sign long-awaited joint venture deal
After years of discussions, Air Canada has finalized a long-anticipated joint venture agreement with Air China, a move that will increase flight cooperation between the two airlines. The joint venture, which was announced and signed…
Ant Financial is shifting its focus from finance to tech services: Sources
… Financial Services is shifting its main focus to technology services and away from payments and consumer finance. The move comes as Beijing’s crackdown on financial risk is deepening. The company, which is controlled by…
China and Argentina reinforce financial links with increased currency swap arrangement
In July 2014, the People’s Bank of China and the Central Bank of Argentina agreed a currency swap deal worth 70 billion Yuan (US$ 11.3 billion). Argentina is looking to expand an existing currency swap…
Air China resumes flights between Beijing and Pyongyang
SHANGHAI (Reuters) – State carrier Air China will resume regular flights between Beijing and Pyongyang on Wednesday, a company official said, as diplomatic relations improve between China and North Korea. China’s flag carrier indefinitely suspended…
Rubique wins Asian Banker ‘Beijing Financial Innovation Showcase and Competition 2018’
The Beijing Financial Innovation Showcase and Competition is an international competition where leading financial technology players from China and across the globe showcase their skills and solutions. Rubique Technologies Pvt Ltd, a digital financial ……
Australian winemakers press prime minister to end rift with China
SYDNEY (Reuters) – Australian winemakers on Wednesday urged Prime Minister Malcolm Turnbull to visit China to resolve diplomatic tension blamed for trade obstacles that have raised concerns for an export market expected to top A$1…
