Soon you get addicted to it.” With more than US$100 billion worth of loans and rising worries among Chinese consumers about privacy, Beijing is moving to rein in online personal loans. Last month, the People’s…
Tagged By finance
China’s central bank to standardize QR code payment
BEIJING, Dec. 27 (Xinhua) — The People’s Bank of China (PBOC) announced plans Wednesday to regulate QR code payment to contain risks arising from the popular service. Payment institutions must obtain proper permits to offer…
China Construction Bank : funds coal away from home
Nguy Thi Khanh, executive director and founder of the Green Innovation and Development Centre (GreenID), a Vietnamese non-profit promoting sustainable energy sector development, told VIR that China is playing a very substantial role in coal…
China central bank skips open market operations for 4th consecutive day
BEIJING, Dec. 27 (Xinhua) — China’s central bank suspended open market operations for the fourth working day Wednesday, citing sufficient liquidity in the banking system. “The rising fiscal spending near year-end is sufficient to offset…
Trying to fight pollution, China is now the world’s largest issuer of ‘green’ bonds
Since then, regulators of the country’s banking, corporate and securities sectors have issued guidelines that define a “green” project and outline the eligibility criteria for green bond issuers. China’s Green Finance Committee is reportedly working…
Ant Financial Ties Up With Secure-Payments Giant EMVCo
China’s Ant Financial Services Group has tied up with international secure-payments consortium EMVCo, giving a boost to the operator of the world’s largest mobile and online payments platform at a time it is pushing to…
BRIEF-China Development Bank Financial Leasing Announces Finance Lease Transaction
Dec 27 (Reuters) – China Development Bank Financial Leasing Co Ltd: * LESSEE TO TRANSFER OWNERSHIP OF LEASED ASSETS UNDER NAME OF CO FOR RMB800.0 MILLION Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com) Our…
Ford to Move Midsize Sedan Production to China
The company said that it would not ship those cars from China to North America and Europe. Warning! GuruFocus has detected 6 Warning Signs with F. Click here to check it out. F 15-Year Financial…
Apple’s stock may be down, but there could be an upside surprise in China
The past few days have been dizzying for Apple investors. But one expert told CNBC on Tuesday he’s keeping his focus on iPhone X sales in China. “Based on reports that we have seen, there…
China orders tech tycoon to return and face debts
The country’s markets watchdog on Monday demanded LeEco founder Jia Yueting return to China before the end of the year to fix his business empire’s financial woes. The China Securities Regulatory Commission said that Jia,…
China’s banking sector’s total assets rise to 244 trln yuan
BEIJING, Dec. 26 (Xinhua) — China’s banking sector’s total assets were 244.44 trillion yuan (about 37 trillion U.S. dollars) at the end of November, up 10 percent year on year. Meanwhile, total liabilities of financial…
Why Greece is banking on China’s modern-day Silk Road to help its economic recovery
Greece hopes to transform its ancient port of Piraeus into the entry point for an extensive network of roads and railways that will allow China to penetrate into the heart of Europe, its ambassador to…
Foreign bank lending to China hits record high despite debt fears
Lending to China by international banks hit a new high in the first half of 2017, as Beijing’s deleveraging campaign led … cross-border loans into China and most lending by foreign bank subsidiaries incorporated on…
