China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos. The China Banking…
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ADB, China-backed AIIB to co-finance more projects this year
Nakao said the vast need of infrastructure finance in Asia meant the ADB and the AIIB could … ADB officials are expected to travel to Beijing to meet with its counterparts at the AIIB, Nakao…
Bank Indonesia opens Beijing office
Bank Indonesia has opened a representative office in Beijing following an agreement between the Indonesian central bank and the People’s Bank of China. The agreement document was signed by Bank Indonesia Governor Agus Martowardojo and…
Bank Indonesia to Open Beijing Office to Boost Links With China
The Undoing Of Price Waterhouse In The Satyam Scam Case Mumbai To Get More Space To Build Homes Iran: Why This Time Is Different, And What’s Next Trump Serves Pakistan Notice, Enter China? Bajaj Vs…
China-Led Investment Bank Set For First U.S. Dollar Bond Sale
the Beijing-based bank’s treasurer. Depending on investors’ appetite, the maturity of the bonds will be between three and five years, Elbech said, adding that the bank expects demand to be strong. He added that the…
Fake news or intentional leak: is China halting US Treasury purchases?
In reality, Yao said Beijing did not have much of a choice but to continue … AXA Investment Managers Asia ING Bank Greater China economist Iris Pang said it would be no surprise if China…
China’s banks stand to earn US$63b in revenue by 2020 from financial inclusion, says EY
In Asia-Pacific, that boost to bank revenue is estimated at US$88 billion, with China leading the pack, followed by Thailand at US$8.5 billion, and Vietnam at US$5 billion. “Financial inclusion isn’t merely a corporate responsibility…
Does money loaned through China’s development finance institutions actually help countries develop?
There is an emerging consensus that China is now a major player, maybe the major player, in global development finance. Recent studies have inspired headlines such as “China and US ‘neck and neck’ in foreign…
China’s cyber watchdog scolds Ant Financial over user privacy breach
SHANGHAI (Reuters) – China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system. The Cyberspace Administration…
Chinese shadow banking presents economic, political challenges
December 28, 2017 Shanghai/Beijing/Hong Kong—In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at…
China’s new Silk Road hits political, financial hurdles
BEIJING — China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials…
China Seen Dominating Clean Energy Investment
While China is not necessarily intending to fill the “climate leadership void”, it will be comfortable providing technology leadership and financial capacity, Tim Buckley, the report’s co-author, said. Chinese solar manufacturers accounted for about ……
Beijing’s Grip on Internet Finance Is Tightening
The days of laissez-faire are numbered for financial technology companies in China. For more than a decade, entrepreneurs like Alibaba and Tencent have had freedom to innovate and run vast networks of new internet-enabled business…
