Multiple Chinese financial technology firms, including Qudian, PPDai, Hexindai and Jianpu, went public in the U.S. last year Despite the competition in the space, Jianpu CEO David Ye said growth in the market had only…
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BRIEF-Oceanwide Holdings unit to transfer rights shares of China Oceanwide International Financial for about HK$179.8 mln
* Says its overseas wholly owned unit plans to transfer nil-paid 11.99 billion rights shares of China Oceanwide International Financial Ltd for about HK$179.8 million * Says the unit will cut stake in China Oceanwide…
The Missing ‘Development’ in China’s Global Development Finance
Analysis of China’s foreign “aid” misses the fact that much of it is in the form of commercial loans and little of it seems to have helped the recipient countries develop. There is an emerging…
China tightens rules on commercial lender shareholders
The rules are aimed at tackling “disorder” in the banking sector, including the abuse of rights by major shareholders and the prevalence of “invisible shareholders”. AP China’s banking regulator has introduced new measures to increase…
China looks to tighten banks’ NCD debt issuance: sources
SHANGHAI (Reuters) – China’s central bank has moved to restrict the issuance of negotiable certificates of deposit (NCDs) this year, two sources with knowledge of the matter said on Friday, as the government intensifies its…
China Fails to Woo U.S. With Financial Sector Opening
Now that the dust has settled, one thing is clear: President Donald Trump’s visit to Asia in November served as a milestone in the increasingly rapid transfer of power from the U.S. to China. President…
Legislature’s finance committee ‘castrating itself’ with proposed rule change mechanism, says lawmaker
Pro-Beijing lawmaker Michael Tien suggested that motions to change … Disallowing discussions at the finance committee of items already passed by the Public Works Subcommittee and the Establishment Subcommittee unless lawmakers allow them. ( read…
Wanda Vista Beijing Grand Opening
BEIJING, Jan. 5, 2018 /PRNewswire/ — Wanda Vista Beijing (formerly Sofitel Wanda Beijing) officially opened on January 1, 2018, as the 19 th Wanda Vista branded hotel. Wanda Vista Beijing strives to deliver an unrivaled…
China won’t be prioritizing growth this year, economist says
China’s fears of a financial crisis will spur Beijing to keep the country’s growth target in check, a widely followed China expert said Friday. “Their top priority is to prevent a financial crisis, so the…
Consumer loan securitization boom put on hold as China clamps down on leverage
Many of China’s largest internet and technology companies have issued securities backed by micro-loans. Ant Financial Services Group, an affiliate of Alibaba Group Holding BABA.N, dominates the market and the finance arms of JD.com Inc…
Beijing provides subsidies to kindergartens after child abuse case
The Beijing municipal government will start providing financial subsidies to kindergartens this year in efforts to improve services without raising fees. The municipal government said Wednesday that it would provide 1,000 yuan (154 US dollars)…
Ant Financial drops MoneyGram deal as US approval fails
BEIJING (AFP) – Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in…
China tightens bond trading rules in deleveraging campaign: Sources
The rules, jointly issued by the People’s Bank of China and China’s banking, securities and insurance regulators, come as Beijing launches a series of co-ordinated initiatives across government agencies designed to reduce leverage in the…
