China’s central bank said it will start to closely examine 8.43 trillion yuan (US$1.27 trillion) of money market debt issued by big banks from next year. The People’s Bank of China said in its second-quarter…
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Beijing’s fear of financial crisis ‘drives crackdown on big borrowers’
Beijing’s fear of a massive financial crisis is driving its sweeping crackdown on big borrowers such as conglomerates Dalian Wanda and LeEco, according to an opinion piece in Communist Party mouthpiece People’s Daily on Monday.…
China to cut off North Korean imports under UN sanctions
BEIJING — China announced Monday it will cut off imports of North Korean coal, iron ore and other goods in three weeks under U.N. sanctions imposed over the North’s nuclear and missile programs. China, the…
China banks report higher first-half profits, steady bad loan ratio
China’s banking regulator has pressed commercial lenders this year to clean up their operations and reduce risk, as a surge in total lending causes the country to pay increasing attention to the health of its…
Trump to request possible probe of China trade practices
BEDMINSTER, N.J. — Even as he seeks Beijing’s help on North Korea, President Donald Trump plans to sign an executive order asking his trade office to consider investigating China for the alleged theft of American…
China frees top Australian Crown casino executive from jail
BEIJING — Chinese authorities on Saturday released from jail a top Australian executive at a casino company following the completion of his sentence on gambling-related offences. Jason O’Connor, head of Australia’s Crown Resorts Ltd.’s ……
Can Xi Jinping head off the grey rhinos in China’s economy?
That is what has happened with China’s massive and fraud-ridden financial system in which a herd of “grey rhinos” brazenly grew, charged around, and punched big holes, threatening to sink the system with a full-blown…
US company offers to take financial risk of new MH370 search
U.S. seabed exploration company Ocean Infinity said on Friday it had offered to take the financial risk of a renewed search for … far off course on a journey from Kuala Lumpur, Malaysia, to Beijing.…
Chinese bank plans to open branch in Gwadar port: Pakistan official
The CPEC is billed as a ‘game-changer’ and manifestation of strategic partnership between Pakistan and China. Gwadar Port Authority Chairman Dostain Khan Jamaldini said in a meeting yesterday that The Bank of China is planning…
China Finance Online Co. Limite (NASDAQ:JRJC) Trading Volume Significantly Higher
81K shares changed hands in the last trading session. Overall, volume was up 115.79% over the stocks normal daily volume. These funds have also shifted positions in (JRJC). Funde Sino Life Insurance Co Ltd trimmed…
China’s July fiscal spending pace slows, but revenues rise
though the broad consensus is for growth to cool slightly in the coming quarters as the authorities continue to crack down on financial risks. (Reporting by Beijing Monitoring Desk and Sue-Lin Wong; Editing by Jacqueline…
NetEase Reports Second Quarter 2017 Financial Results
BEIJING, Aug. 10, 2017 /CNW/ — NetEase Inc., (NetEase or the Company) reported second quarter 2017 financial results. Net revenues were US$2.0 billion, up 49.4% year-over-year and net income was US$438.4 million, up 9.2% year-over-year.…
China targets crime related to Internet finance
BEIJING, Aug. 10 (Xinhua) — Chinese courts have turned their attention towards Internet finance crime to safeguard the healthy development of the sector. Pressure must be placed on fighting illegal fund-raising cases, which are key…