China’s top banking regulator reiterated the country’s commitment to reforming its finance industry, including easing ownership and business restrictions for foreign banks. The market share of foreign banks in China is falling, which isn’t good…
Tagged By finance
China’s Economy Grew Steadily, Thanks to Loans and Homes
China’s debt has soared over the past decade as banks and other lenders, working at the urging of Beijing, turned on money spigots to fuel growth. That has led to worries about the stability of…
China Finance Online Co. Limite (NASDAQ:JRJC) Short Interest Down -34.09% – Currently Trading Down
Investors are more bullish on shares of China Finance Online Co. Limite lately if you evaluate the fall in short interest. The company had a fall in short interest from September 15, 2017 to September…
China’s secret plan to take over the world
A FUNNY thing happened this week. While Australia was busy debating the feminist implications of Lisa Wilkinson’s pay packet and coming to grips with the fact solar panels didn’t work very well at night, China…
China’s economic growth stays stable as ruling party meets
The government’s growth target is 6.5 percent “or higher if possible.” Regulators have cited reducing risk in China’s financial system as a priority this year. Banks have been told to look closely at borrowers, especially…
Worries about Chinese dynamism as Beijing seeks greater economic control
But to improve financial security, Beijing needs to crack down much more heavily on the massive shadow banking system, which has grown exponentially in recent years. The trouble is that this could crimp bank lending,…
China Will Further Open Its Economy and Deepen Reforms, Pledges Xi Jinping
(BEIJING) – China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will…
WhatsApp is blocked in China and VPNs are being hit as the Communist Party Congress begins
WhatsApp has been blocked in China while other communication platforms like WeChat have been disrupted, as the country’s Communist Party Congress began on Wednesday. CNBC confirmed the blockage with two producers in Beijing, who said…
China’s Xi Vows to Open Its Economy, Deepen Financial Reforms
China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead…
China Internet Nationwide Financial Services Inc. Announces Changes to Its Board of Directors
BEIJING, Oct. 18, 2017 /PRNewswire/ China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced changes to its Board of Directors (the “Board”) with the appointment…
China’s Xi calls for more technology development
BEIJING (AP) — President Xi Jinping called Wednesday for the ruling Communist Party to lead development of Chinese technology industries, an area fraught with trade tensions and complaints that Beijing encourages theft of foreign know-how.…
The Latest: Xi calls for China to step up tech development
BEIJING — The Latest on the ruling Communist Party’s congress meeting in Beijing (all times local): 11:20 a.m. President Xi Jinping has called for China’s ruling Communist Party to step up technology development, an area…
Xi says China will continue to open its economy, deepen financial reforms
BEIJING (Reuters) – China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China…
