China’s Ant Financial Services Group has tied up with international secure-payments consortium EMVCo, giving a boost to the operator of the world’s largest mobile and online payments platform at a time it is pushing to…
Tagged By finance
BRIEF-China Development Bank Financial Leasing Announces Finance Lease Transaction
Dec 27 (Reuters) – China Development Bank Financial Leasing Co Ltd: * LESSEE TO TRANSFER OWNERSHIP OF LEASED ASSETS UNDER NAME OF CO FOR RMB800.0 MILLION Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com) Our…
Ford to Move Midsize Sedan Production to China
The company said that it would not ship those cars from China to North America and Europe. Warning! GuruFocus has detected 6 Warning Signs with F. Click here to check it out. F 15-Year Financial…
Apple’s stock may be down, but there could be an upside surprise in China
The past few days have been dizzying for Apple investors. But one expert told CNBC on Tuesday he’s keeping his focus on iPhone X sales in China. “Based on reports that we have seen, there…
China orders tech tycoon to return and face debts
The country’s markets watchdog on Monday demanded LeEco founder Jia Yueting return to China before the end of the year to fix his business empire’s financial woes. The China Securities Regulatory Commission said that Jia,…
China’s banking sector’s total assets rise to 244 trln yuan
BEIJING, Dec. 26 (Xinhua) — China’s banking sector’s total assets were 244.44 trillion yuan (about 37 trillion U.S. dollars) at the end of November, up 10 percent year on year. Meanwhile, total liabilities of financial…
Why Greece is banking on China’s modern-day Silk Road to help its economic recovery
Greece hopes to transform its ancient port of Piraeus into the entry point for an extensive network of roads and railways that will allow China to penetrate into the heart of Europe, its ambassador to…
Foreign bank lending to China hits record high despite debt fears
Lending to China by international banks hit a new high in the first half of 2017, as Beijing’s deleveraging campaign led … cross-border loans into China and most lending by foreign bank subsidiaries incorporated on…
China central bank skips open market operations for 3rd consecutive working day
BEIJING – China’s central bank suspended open market operations for the third working day Tuesday, citing sufficient liquidity in the banking system. Liquidity was at a “relatively high level” after increased fiscal spending at the…
Russia & China to kneecap petrodollar in 2018 predicts Saxo Bank
The world’s largest crude oil importer China is likely to roll out the petro-yuan next year predicts Saxo Bank. Beijing’s largest oil supplier Russia would gladly accept the yuan to phase out the dollar in…
China halts oil product exports to North Korea in November as sanctions bite
BEIJING (Reuters) – China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to…
China’s 2018 fiscal, monetary policies aim for high-quality development
BEIJING – China will stay on course for a proactive fiscal policy and prudent monetary policy in 2018 to foster high-quality development while containing financial risks. “The proactive orientation of fiscal policy will be maintained,…
Palace banking on China ‘goodwill’
Malacañang on Monday said it was still relying on the “goodwill” of China after a newspaper in the mainland reported that China had “accelerated and enhanced its military presence” in the South China Sea. It…
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