China is preparing a nationwide green finance development trial model and extending a one-year pilot program in five provinces, to encourage faster and cheaper loans for environment-friendly industries, according to a senior central bank official.…
Tagged By finance
ISACA launches presence in Beijing
The Beijing facility will provide a base for the global organization … ISACA already has begun serving customers in China, particularly those in the banking and financial services sectors, as well as expanding active relationships…
Recon Announces Strategic Cooperation Agreement between JD Finance and Future Gas Station to Promote Online Gas Station Payments
today announced that Future Gas Station (Beijing) Technology, Ltd (“FGS”), of which Recon indirectly owns 8%, has recently entered into a strategic cooperation agreement with JD Finance, to establish an information communication mechanism and long…
Malaysia finance minister suggests China connection to 1MDB
Mr Lim said. The finance ministry has filed a report with the country’s Anti-Corruption Commission and said it might seek Beijing’s help to trace Malaysia’s payments. Mr Lim’s announcement comes as the government continues an…
Chinese bank invests in Russia’s Northern Sea Route
(Sergey Guneyev/AFP/Getty Images) Building of Russian Arctic infrastructure is part of a $9.5 billion credit agreement signed with the China Development Bank. On the sidelines of the recent Shanghai Cooperation Organisation’s summit in Qingdao ……
China auto sales rise 7.9 per cent in May as electrics surge
Beijing has spent heavily to transform China into the world’s biggest electric car market and is preparing to enforce sales quotas to press global automakers to speed up development. The Finance Ministry says auto import…
ING hungry for slice of digital banking sector
Dutch financial services company ING Group NV is planning to launch digital banking business in China by setting up a joint venture with Chinese lender Bank of Beijing Co Ltd, as it hopes to gain…
Bank of China comes to India
New Delhi: India and China have agreed to allow the 106-year-old Bank of China to open a branch in India. Security clearances for the bank have been given and a notification from the Reserve Bank…
Foxconn says investigating labor conditions at China factory used for Amazon
NEW YORK (Reuters) – Contract manufacturer Foxconn said on Sunday it is investigating a plant in China that makes devices for Amazon.com Inc , after a U.S. watchdog group criticized what it described as harsh…
China’s Richer Than It Thinks
True, while China’s per capita income reached $8,830 in 2017, up eight-fold from 2001, it’s still well below the World Bank’s $12,236 threshold for high-income countries. This measure is misleading, however. Already an upper-middle-income nation…
StanChart to apply for virtual banking license in Hong Kong
HSBC will invest $15 billion-$17 billion in the next three years in areas including technology and its core Asian markets of Hong Kong and China, its CEO John Flint said on Monday. Ever since the…
China’s Jumbo Jet Diplomacy Shows Influence in Trump-Kim Talks
China isn’t officially represented in the historic talks between U.S. President Donald Trump and North Korean leader Kim Jong Un, but that hasn’t stopped Beijing from making its presence felt. Kim arrived in the city…
Blocking Bitcoin: Why China’s Cryptocurrency Ban Could be Here to Stay
In a January memo, People’s Bank of China (PBOC) Vice Governor Pan Gongsheng urged the government to ban centralized trading of digital currency and prevent individuals and businesses from providing related services. “Pseudo-financial innovations that…
