(Reuters) – China’s Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company’s share price after badly received third…
Tagged By finance
Foreign payment card firms not required JV setup in China: central bank
BEIJING/HONG KONG (Reuters) – China does not require foreign payment card companies to establish joint ventures with local partners to operate in the onshore market, the country’s central bank said Wednesday. Reuters reported on Tuesday…
Foreign payment card firms not required to establish JVs to enter local market: China central bank
BEIJING (Reuters) – Chinese regulations do not require foreign payment card firms to establish joint ventures to operate in the onshore market, the central bank said on Wednesday. American Express (NYSE:AXP – News) and Visa…
Trump to ask China to cut financial links with N.Korea- White House official
BEIJING, Nov 8 (Reuters) – U.S. President Donald Trump will ask China to cut its financial links with North Korea and to abide by U.N. sanctions when meeting with Chinese President Xi Jinping in Beijing,…
Trump expected to demand China cut financial ties with North Korea
President Trump is expected to urge China to cut its financial links to Pyongyang and expel North Korean workers from the countruy during his two-day stop. Trump arrived in Beijing on Wednesday after spending two…
China Oct exports, imports growth slow as economy cools
BEIJING (Reuters) – China’s exports and import growth eased in October in a sign the world’s second-largest economy is starting to cool after a strong first half, with momentum seen slackening further as Beijing’s crackdown…
Trump to ask China to cut financial links with North Korea: White House official
BEIJING (Reuters) – U.S. President Donald Trump will ask China to cut its financial links with North Korea and to abide by U.N. sanctions when meeting with Chinese President Xi Jinping in Beijing, a senior…
The root cause of China’s financial fragility – according to its central bank chief
China’s central bank chief has lashed out at local governments, saying their constant calls for looser monetary policy in all economic weather are the root cause of the country’s financial fragility. Zhou Xiaochuan, who has…
China’s central bank boss warns of ‘sudden, contagious and hazardous’ financial risks
China’s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the…
‘Sudden, contagious and hazardous’ China bank warns Beijing on BRINK of economic collapse
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed. Writing in an article published on the People’s Bank of China’s website…
China’s Shadow Banking Halts as Regulation Bites, Moody’s Says
China’s shadow banking sector, estimated by some analysts to be worth 122.8 trillion yuan ($18.5 trillion), stopped growing in the first half of the year as issuance of wealth management products declined, according to Moody’s…
China shadow banking activity as percentage of GDP falls in H1: Moody’s
HONG KONG (Reuters) – China’s broad shadow banking activity stopped growing in the first half of 2017 and declined relative to gross domestic product for the first time in five years, Moody’s Investors Service said…
China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies
China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou…
