When Ant Financial launched its credit scoring system, Sesame Credit, in January 2015, it said the data-driven product would “make credit more available to millions of consumers across China”, giving … ( read original story…
Tagged By finance
US and UK accuse China of cyber espionage campaign
The charges come amid a dramatic escalation of tensions between China and the US, which recently filed criminal charges against the chief financial officer of one of China’s most successful tech compa… ( read original…
China denies New York Times report on building military jets in Pakistan under CPEC
China on Friday dismissed as untrue a US media report that alleged that it has hatched a secret plan to build fighter jets and other military hardware in Pakistan as part of the USD 60…
China’s financial commission denies tax cut rumour
China’s powerful financial stability commission, led by Chinese President Xi Jinping’s top economic aide, on Friday publicly denied a market rumour that Beijing had no plan to cut taxes at … ( read original story…
CRU: Insight from China: The Trade War and Beyond
China was in that position in 2017 when its economy was relatively healthy, and it was able to push forward on its other objectives of a better environment, and financial market regulation to improve ……
China’s financial commission deny tax cut rumour during key economic meeting
China’s powerful financial stability commission, led by Chinese President Xi Jinping’s top economic aide, on Friday publicly denied a market rumour that Beijing had no plan to cut taxes at this week’s … ( read…
China denies any role in theft of western commercial secrets
China has denied any involvement in the theft of western commercial secrets, in a sharp rebuff to allegations by the US and the UK that Beijing has for several years run a cyber-based operation to…
Clock is ticking for Beijing to stimulate economy
The answer, according to a selection of analysts, is that if Beijing does not launch an economic stimulus package, things could get a whole lot worse. Capturing the sense of gloom was a tweet this…
China Is Said to Prioritize Capital Market Reform in Coming Year
Authorities came to a consensus on these key aims for China’s financial markets during the annual Central Economic Work Conference, according to the person, who asked not to be named as the decision i… (…
China’s private firms shy away from bank borrowing, delaying investment
Small business owner Philip Chen has never borrowed a penny from a bank, even during his darkest days back in 2003, when he had to turn to friends and relatives for the money to pay…
Banking stocks lead decline in Hong Kong after Federal Reserve defies expectations on rate increases next year
The Hang Seng Index lost 0.9 per cent, or 241.86 points, to 25,623.53, with banking and financial stocks leading the declines. HSBC fell 0.9 per cent to HK$63.55, China Construction Bank lost 0.8 per ……
U.S.-China trade war biggest economic threat for 2019, Poloz says
An all-out U.S.-China trade war could spark 1970s-style stagflation that would threaten the inflation-fighting reputation of the world’s central banks, Bank of Canada Governor Stephen Poloz warned Mon… ( read original story …)
The new era of US-China decoupling
Last week he hinted he could release Meng Wanzhou, Huawei’s chief financial officer, who faces extradition from Canada, in exchange for Chinese concessions. He was also criticised for waiving sanction… ( read original story …)
