Earlier this week, CCN reported that the People’s Bank of China (PBoC) announced its plans of utilizing blockchain technology to develop a blockchain-based national currency called “RMBCoin,” By using a technology which underpins bitcoin, the…
Tagged By finance
China Exim Bank lends more to help China firms go global
BEIJING, Jan. 29 (Xinhua) — The Export-Import Bank of China (China Exim Bank) improved financial support for domestic firms to help them increase their presence in the global market last year. The bank issued a…
China orders stricter policies on new loans
To cut excess leverage in the financial system, China’s central bank has ordered for a stringent control on new loans within the country’s banking sector in the first quarter of this year. The People’s Bank…
China’s Fake Bonds Flash Enron Warning
China’s latest bull market in bonds isn’t about rising prices or improving credit conditions. It’s about fakes. Global uncertainties are pushing government debt yields toward their highest level since September 2015. Amid the chaos, China’s…
Brian Gaynor: Finance company sale raises fears
There is widespread apprehension regarding the sale of UDC Finance, the country’s largest finance company, to China’s HNA Group. This is because UDC is an important lender to domestic industrial companies, because it may have…
Bank of China : Letters To The Editor
I just got back from the FDR Presidential Library & Museum in Hyde Park, New York. It was well worth the trip. The following was from his inaugural address: “The test of our progress is…
IMAX China To Announce Full-Year 2016 Financial Results And Host Conference Call
SHANGHAI, Jan. 26, 2017 /PRNewswire/ — IMAX China Holding, Inc. (“IMAX China”, HKG: 1970), today announced it will host its annual conference call to discuss full-year 2016 financial results on Thursday, Feb. 24, at 8:00…
The Hong Kong Of The Future: Merging Finance, Electronics And Healthtech
Competition from Shenzhen Hong Kong is generally seen as a place for finance, and Hong Kong’s fintech sector keeps growing despite some uncertainty due to regulations from Beijing. Yet, it is also facing increasing competition…
Alibaba's Ant Financial buys MoneyGram for $880m
Ant Financial has a big market share in the online payments industry in China. The acquisition could help the company extend the lead as well as expand overseas, as competition is growing in China with…
China turns to blockchain to make markets clearer and cleaner
Beijing wants banks to adopt the technology to help combat chronic fraud such as fake trade finance deals. Banks including Ping An Bank and Bank of China have unveiled blockchain investments and projects, and around…
Alibaba's Ant Financial in overseas push with MoneyGram deal
“I expect to see the ever increasing convergence of fintech and the more traditional financial services sector.” REMITTANCES ‘A REALLY INTERESTING BRIDGE’ China’s financial technology companies are on the rise, boosted by rapid digitization and…
China's shadow banking crusade risks bond market crash
SHANGHAI (Reuters) – China’s campaign to cut high debt levels in its economy is aiming this year to shrink the $3 trillion shadow banking sector, which could drain a critical source of income for the…
Smog pushes Beijing residents to innovate for the world
Beijing residents concerned about breathing the capital’s thick grey air are adapting, inventing and even creating businesses to protect the health of their families and others. Some of their efforts could help people around the…
