TOKYO (Reuters) – China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s (Tokyo:6502.T – News) chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK…
Tagged By finance
Revealed: how China is driving growth in Dubai’s financial hub
DIFC is the regional headquarters to China’s four largest banks in terms of total assets – Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. A recent survey also ranked the…
China unlikely to meet US requests to cut $200 billion on trade surplus
Moody’s does not believe that China can satisfy US requests to reduce its trade surplus with the US by $200 billion by 2020 Moody’s Investors Service says that it does not believe that China can…
Chinese banks overshadow Western counterparts in latest global bank rankings
China’s ‘Big Four’ banks – Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China, remained as the top four banks by assets year-over-year, posting a combined $13.637…
Bank of China Eyes Move to Geneva
Zurich has managed to attract two Chinese banks in recent years, while Geneva has thus far missed out. This could however change, which would be a blessing for the city. Wembing Geng, the Chinese ambassador…
Lithuania central bank welcomes Chinese FinTech companies
By strengthening relations with China’s FinTech sector, the central bank and the banking supervisor, Lithuania “will open the door to China more widely for our own businesses.” Vasiliauskas will attend a financial forum scheduled on…
DIFC and China consider future collaboration
DIFC is the regional headquarters to China’s four largest banks in terms of total assets; Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. In 2017, DIFC continued to see growth…
JD Finance fundraising a precursor for IPO
JD Finance’s exhibition booth attracts many visitors in Nanjing, Jiangsu province. [Photo provided to China Daily] The reported $2 billion fundraising by JD Finance, the financial arm of China’s second-largest e-commerce player JD, could pave…
The Finance 202: Trump’s China reversal sparks bipartisan fears of a hasty deal
President Trump isn’t holding his own hard line against China in the face of pushback from Beijing. Now the question becomes whether he will hold his new, softer line as he confronts pushback at home.…
Beijing must remain alert to threat of financial crisis, senior adviser says
The financial risk facing China is far larger than official numbers suggest and Beijing must do more to prevent the situation becoming a crisis, a senior adviser to the government warned on Monday. In a…
William Watson: Why we should worry that Trump wants more jobs in China
Do you figure the Chinese hacked Donald Trump’s Twitter account? How else to explain his tweet on Sunday: “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a…
After the Congress – Interpreting China’s new development concept
This article is part of The IFF China Report 2018, which draws mainly on content provided by China-headquartered think tank, the International Finance Forum, and is published in association with Central Banking. ( read original…
S&P 500; US Indexes Fundamental Daily Forecast – Investors Banking on Favorable U.S. – China Trade Deal
The major U.S. stock indexes finished higher across the board on Monday with the Dow posting its eighth straight session of gains. The markets were primarily supported by an easing of trade tensions between the…
