Mainland Chinese financial technology company 9F Group has teamed up with local and international firms to apply for a virtual banking licence in Hong Kong. The company, set up in Beijing in 2006 by f……
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China Construction Bank Chief Sees Trade Conflict Resolution
China and the U.S. will eventually find a solution to their escalating trade dispute, according to the chairman of the Asian nation’s second-biggest bank. “There’s room for negotiation,” China Constru… ( read original story …)
Beijing seeks to avoid ‘black swan’ financial market disruptions as trade war fears rise
Chinese financial regulators have met again to discuss growing concern about surprise events, such as a sharp escalation in the trade war with the United States, that could severely damage China’s fin… ( read original…
China promises retaliation if US imposes more tariffs
BEIJING — China on Monday promised retaliation if U.S. President Donald Trump escalates their tariff battle, raising the risk Beijing might target operations of American companies as it runs out of im… ( read original…
HNA, Under Pressure From Beijing, to Sell Its Overseas Empire
One of China’s largest conglomerates intends to sell off the vast majority of overseas investments it made in recent years, including shedding its entire stake in Deutsche Bank AG. In a significant co… ( read…
Central Bank Steps Up Calls for Expanded Credit
The People’s Bank of China on Tuesday invited 14 banks and 29 private companies to discuss ways to address the financing difficulties many small firms face amid Beijing’s deleveraging campaign. Compan… ( read original story…
ADGM signs agreement with Beijing Financial Street Services Bureau
The Beijing Financial Street Services Bureau represents organisations including the People’s Bank of China, China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commis… ( read original story …)
ADGM and the Beijing Financial Street Services Bureau collaborate to support BRI
In particularly, both parties will collaborate on major Belt-and-Road investment and financing projects in Beijing and Abu Dhabi. Representatives from the People’s Bank of China, China Banking and Ins… ( read original story …)
Ambitious Banker’s ‘Shadow Banking’ Scheme Leaves ICBC on Hook for Billions
Zheshang and Citic banks to fund investments that it wasn’t supposed to make (Beijing) — Zhang Hui wanted to make it big when he took over the operations of the Industrial and Commercial Bank of…
China’s Sees More Rapid Digital Financial Transformation Than Any Country – Prof
The Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) wrapped up in Sochi this week. The AFI empowers policymakers to increase access to quality financial services for the poorest popul… ( read original story…
Beijing hopes Wall Street bankers can break Trump trade impasse
… officials have invited the heads of America’s leading financial institutions to attend a “China-US Financial Roundtable” in Beijing on September 16, followed by a meeting with Wang Qishan, vice-pr… ( read original story …)
Deutsche Bank’s Chinese shareholder to sell stake
Germany’s biggest bank, as part of a deal with Beijing to strengthen its finances, a person familiar with HNA’s thinking told Handelsblatt. The news, first reported by the Wall Street Journal … ( read original…
Chile central bank chief puts China, copper caveats on rate hike plans
LONDON (Reuters) – Chile’s central bank is wary about the possibility that China’s trade war with the United States and the risk of a sustained fall in copper prices could make raising interest rates ……
