WASHINGTON China’s economy may grow faster than the International Monetary Fund (IMF) had expected for all of 2017 after a first-quarter performance that beat forecasts, the fund said, as it urged Beijing to address entrenched…
Tagged By finance
China's banking regulator warns trust firms of rising danger: sources
BEIJING China’s banking regulator sees “severe risks” from funds flowing into the real estate, coal and steel industries through the trust industry, a major part of the shadow banking sector, two sources with knowledge of…
China Update – Why Is the Consensus Now So Optimistic?
But, as I have been arguing for years, China was not on the verge of a financial collapse and was never likely to collapse as long as regulators were credible and able to restructure liabilities…
China uncovers environment breaches
More than two thirds of the companies investigated by China in its latest campaign against pollution have violated environmental rules, a environment ministry official says. China launched a campaign earlier this month aimed at “normalising…
China and Switzerland Plan to Exchange Fintech Knowledge
Swiss Finance Minister Ueli Maurer has been touring China for the past week. On several stops along his trip, Maurer has given speeches and interviews detailing Switzerland’s hopes in strengthening financial ties with China and…
Ivanka Trump is a ‘goddess’ in China
IN AMERICA, she’s simply first daughter Ivanka Trump. But in China, President Trump’s second-oldest kid is fast becoming a cult figure — complete with an online fan club dedicated to “Goddess Ivanka.” “Most people in…
BRIEF-China Financial Leasing Group announces placing of new shares
* Placing agent,Supreme China Securities, and company entered into placing agreement * Placing agent agreed to place up to 148 million placing shares * Agreement at a placing price of HK$0.2 per share Source (bit.ly/2pGvdxd)…
China launches 1st unmanned cargo spacecraft
Chinese officials are now looking to internationalize their own program by offering to help finance other countries’ missions to Tiangong 2. Since China conducted its first crewed space mission in 2003, it has staged a…
BRIEF-China Success Finance says Guangdong Success Finance Guarantee entered into agreement
April 20 China Success Finance Group Holdings Ltd: * Guangdong success finance guarantee entered into new payment guarantee agreement with Foshan Nanhai Yingguan * Guangdong success finance to guarantee 10% of contract sum of new…
UN Turns To China For Ground-Breaking Digital Tool To Enable Green Finance
China’s Ant Financial is the same company that helped to pioneer ‘social scoring’ for the the government, a purely Technocrat-inspired program. Now, the UN will use the same firm to promote and enable Green Finance…
China's internet finance thrives as fraud fades
BEIJING — Wang Pengfei, vice president of a leading internet finance company, has seen the industry grow in China at a galloping pace, along with some shady practices. After working at a State-owned lender for…
China's Ant Financial targets brand boost in SEAsia with helloPay deal
BEIJING Ant Financial, the payment affiliate of Alibaba Group Holding Ltd (BABA.N), has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia.…
How China can ward off financial crisis
With emerging Asian economies now accounting for nearly two-thirds of global growth, China bears have a ready audience for their gloomy prognostications. Some, like the high-profile U.S. economist Tyler Cowen, have been predicting imminent financial…
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