The host city of Hangzhou, in China’s Zhejiang Province, has been chosen based on its long-term commitment to the future of finance. It is also home to such financial innovators as Alibaba and LianLian Group…
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China’s tech titans break into finance
China has written the book on mobile payments. Where else would you see people going days without pulling a single note from their wallet? As a result, China’s third party mobile payments market is huge.…
Beijing garment industry resists Congress lockdown
Apparel producers were ordered to suspend work for the month out of fire safety concerns, but in Dahongmen, one of Beijing’s last clothing manufacturing hubs, some factory owners simply took their work underground. “I can’t…
China’s recyclers eye looming electric vehicle battery mountain
SHANGHAI (Reuters) – After years of dismantling discarded televisions and laptops, a Shanghai recycling plant is readying itself for a new wave of waste: piles of exhausted batteries from the surge of electric vehicles hitting…
Supply chain finance tipped to become US$2.27tr market for Chinese internet firms by 2020
China’s supply chain finance sector is now being tipped to be worth a whopping 15 trillion yuan (US$2.27 trillion) by 2020, and the mainland’s booming internet-based businesses are lining up to grab their own share…
China’s Debt Paydown Is Working, If You Know Where to Look
China’s deleveraging campaign has yet to satisfy the country’s central bank chief, but evidence shows that there are significant areas of progress. In the wake of People’s Bank of China Governor Zhou Xiaochuan’s call last…
Beijing to give foreigners greater access to banking sector
Guo Shuqing, China’s newly appointed banking regulator, attends a news conference in Beijing. “We will give foreign banks more space in the form of their establishment, shareholder qualifications, the percentage of their shareholding and their…
China’s central bank chief warns of asset bubbles as economic growth ramps up
BEIJING — China’s central bank chief on Thursday issued a stark warning about asset bubbles in the world’s second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by…
Financial appointees in China ‘far more important’ than political ones for economy, says scholar
Investors interested in China shouldn’t be too distracted by who is elevated to the top ranks of the Chinese Communist Party during the ongoing leadership confab, warns a leading China scholar. Instead, the most important…
China’s central bank warns of Minsky moment as economy powers ahead
BEIJING: China’s central bank chief yesterday issued a stark warning about asset bubbles in the world’s second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending…
China’s 30-year deadline to rule the world
BEIJING has outlined plans to become the world’s biggest superpower within the next 30 years. Opening a five-yearly national congress, Chinese President Xi Jinping set out his time frame for the country to become a…
China to give foreigners greater access to banking sector: Chief regulator
China’s top banking regulator said on Thursday that the country will … The regulator’s comment comes as Beijing faces mounting pressure from Western governments and business lobbies to remove investment restrictions and onerous regulations that…
China to give foreign banks greater access to banking sector: CBRC
China’s top banking regulator said on Thursday that the country will further open up its banking system to foreign investors, who have failed to make inroads into the highly regulated sector and seen their market…
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