But the sexagenarian foremost on investors’ minds these days should be Zhou Xiaochuan, a lame duck as governor of the People’s Bank of China. Beijing’s most forceful economic reformer turns 70 in January, and it…
Tagged By finance
Embassy to Help Remove Banking Hurdles in China
After reports emerged that the banking woes of Iranian citizens in China have resurfaced and they are increasingly finding their accounts closed, the Iranian Embassy in Beijing announced that it is determined to resolve the…
China central bank boosting oversight of loans offered on the internet – media
This year, the People’s Bank of China has added wealth management products to its regulatory oversight as it seeks to contain risks to the financial system. (Reporting by Dominique Patton and Muyu Xu; Editing by…
Liberals table budget bill to join China’s Asian Infrastructure Investment Bank
The Liberal government has introduced a second large budget bill that includes a new law establishing Canada’s participation in the Beijing-based Asian Infrastructure Investment Bank. Bill C-63, Finance Minister Bill Morneau’s second budget bill of…
Crisis or Stagnation: Why China Cannot Deleverage
“China requires 6.5 units of capital to create one unit of gross domestic product growth, double the ratio of a decade ago”, according to UBS and the Financial Times. The situation worsens with households. Household…
China’s HNA in talks to buy e-commerce firm Dangdang likely valued over $1 billion: sources
Financial terms are not yet finalised and the talks could still … cosmetics, clothes and furniture. China is the world’s largest e-commerce market. Online retail as a percentage of total retail has grown steadily in…
China Internet Nationwide Financial Services Inc. Launches Supply Chain Financing Services
BEIJING, Oct. 25, 2017 /PRNewswire/ China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced the expansion of its service offerings with the launch of its…
Financial expert lives on cutting edge of change
said he is fortunate to be playing a role in the reform and opening-up of China’s financial sector. Zhang, 41, is one of the first people enterprises visit when in need of financing solutions or…
China is the largest market for robots in the world right now, ABB CEO says
China is dominating the robotics market, according to the chief executive of Swedish-Swiss automation giant ABB. Ulrich Spiesshofer said Thursday that the Asian powerhouse is “the largest robotics market of the world,” and that this…
Women fail to crack China’s glass ceiling as party picks new leaders
BEIJING (Reuters) – Every time China’s ruling Communist Party convenes a major gathering, like the congress that just ended in Beijing, the list of delegates is hand-crafted in part to burnish the party’s image as…
BRIEF-China Industrial Securities International Financial expects to record increase in 9-mnth net profit attributable
* Expected result due to boosted securities market sentiment in Hong Kong being relatively active Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
OTP Bank opens Beijing office, linking Chinese partners and authorities
Sándor Pataki, director of investor relations and debt and capital markets department of OTP Bank Plc, delivers a speech at the opening ceremony of the bank’s Beijing representative office Oct 24, 2017. [Photo by Tan…
In China, Innovation Cuts Both Ways
And if left unchecked, it could gain enough financial clout to challenge the current political system. As China’s tech giants have become more powerful, the variable interest entity model has come under greater scrutiny. The…
