The US has blocked the $1.2bn (£880m) sale of money transfer firm Moneygram to China’s Ant Financial, the digital payments arm of Alibaba. It is the highest profile Chinese deal to be rejected by Washington…
Tagged By finance
China Seen Raising Money Market Rates Three Times This Year
China’s central bank will make modest increases in money-market rates in 2018 as it aims to keep up the pressure on deleveraging and prevent too much divergence with U.S. policy, according to a Bloomberg survey.…
U.S. blocks MoneyGram sale to China’s Ant Financial
(Reuters) – A U.S. government panel rejected Ant Financial’s acquisition of MoneyGram International Inc over national security concerns, the companies said on Tuesday, the most high-profile Chinese deal to be torpedoed under the administration of…
U.S. Bars Merger of MoneyGram, China’s Ant Financial
An American national-security panel refused to approve a deal for Chinese billionaire Jack Ma’s Ant Financial Services Group to buy MoneyGram International Inc., the companies said Tuesday, in the latest sign the U.S. is tightening…
U.S. shoots down MoneyGram’s sale to China’s Ant Financial
(Reuters) – A U.S. government panel rejected Ant Financial’s acquisition of MoneyGram International Inc (MGI.O) over national security concerns, the companies said on Tuesday, the latest Chinese deal torpedoed under the administration of U.S. President…
China targets trust industry next year in fight against shadow banking: sources
China’s banking regulator will further tighten the screws on the trust industry next year, two sources with direct knowledge of the matter said, as Beijing steps up a campaign to clampdown on the country’s shadow…
Special Report: China’s leaders fret over debts lurking in shadow banking system
SHANGHAI/BEIJING/HONG KONG (Reuters) – In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at…
BRIEF-China Shandong Hi-Speed Financial Group Announces Subscription Of Shares
Jan 2 (Reuters) – China Shandong Hi-Speed Financial Group Ltd: * ANNOUNCES ACQUISITION AND SUBSCRIPTION OF AN AGGREGATE OF 60% SHARES IN KUN PENG Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters…
ING completes participation in Bank of Beijing share offering
As announced on 25 April 2017, ING has participated in the private placement by Bank of Beijing (BoB) which has closed today. BoB has issued 2.9 billion ordinary shares with a value of approximately RMB…
ING Subscribes for 265 Million Shares in Bank of Beijing
ING Groep NV (INGA.AE) said Friday that it subscribed for 265 million shares worth about 1.89 billion Chinese yuan ($289 million) in a private placing by the Bank of Beijing Co. Ltd. (601169.SH). Continue Reading…
China c.bank promises to maintain ‘prudent and neutral’ policy
BEIJING, Dec 29 (Reuters) – China’s central bank pledged on Friday to maintain its “prudent and neutral” monetary policy and to use multiple policy tools to keep liquidity reasonably stable. Analysts expect the People’s Bank…
China looks for right balance between financial innovation, risk
An employee scans a quick response (QR) code displayed on Alipay app at a store in Hong Kong. [Photo/VCG] BEIJING – In today’s China, a QR code is a must-have for retailing businesses. From grand…
Declassified British files show how Beijing tried to stifle 1990s democratic reform in Hong Kong with airport finance negotiations
A new batch of declassified British government files has shed light on how Beijing tried to use negotiations over airport construction financing in the 1990s to curtail the development of democracy in Hong Kong and…
