BEIJING, Jan. 6, 2017 /PRNewswire/ — China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors…
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Battered bitcoin slides another 12 percent after China warning
“On January 6 the People’s Bank of China Business Management Department and the Beijing Municipal Bureau of Financial Affairs jointly met with the relevant regulatory authorities of the ‘currency network’,” the PBOC said in the…
China raises yuan fixing by most since 2005 to battle yuan bears
SHANGHAI (Reuters) – China’s central bank on Friday raised the value of it official guidance rate by the most since the yuan was revalued in 2005, as the authorities ramped up their defense of the…
China sales vroom in 2016 for global automakers; dull 2017 looms
BEIJING (Reuters) – Global automakers reported a surge in China sales last year as consumers rushed to take advantage of a tax cut on small-engine cars, but cautioned 2017 would be tougher for the industry…
South Korea minister says China indirectly retaliating against THAAD
SEJONG, South Korea China is suspected to be taking indirect action against South Korea’s decision last year to deploy a U.S. anti-missile system, South Korea’s finance minister said. China worries that the U.S. Terminal High…
China's central bank urges rational investment in bitcoin
China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office of…
China central bank urges rational investment in bitcoin
BEIJING China’s institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday. Bitcoin prices had showed abnormal fluctuations, the Shanghai head office…
UPDATE 1-China watchdog to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator have issued guidelines aimed at strengthening governance at the country’s emerging private banks in the latest move by regulators to beef up risk management among financial services firms. The…
Chinese fake bank founders jailed for swindling
The story shocked many in China – already used to fake food and product scandals – when it first came out. Many commented on the crime’s audacity and the fact that the “bank” was able…
Apple pulls New York Times app from its China store – acting on Beijing’s orders
Apple has removed the New York Times app from its digital store in China, acting on what it says were orders from the Chinese government. The news underlines how American information technology companies are being…
China's choices narrowing as it burns through FX reserves to support yuan
China stepped into both its onshore and offshore yuan markets … As recently as last week, authorities introduced requirements for financial institutions to report all single domestic and overseas cash transactions of more than 50,000…
China state arms maker pledges 'mixed ownership' reforms
SHANGHAI (Reuters) – The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a “mixed ownership” model as part of China’s ambitious reform programme for state-owned enterprises (SOEs), the company…
Power Corporation acquires an additional 3.9% interest in China Asset Management Co., Ltd.
China AMC is an affiliate of CITIC Group Corporation Ltd., China’s largest conglomerate, with which Power Corporation has had an association since 1986. Mackenzie Financial Corporation (Mackenzie Investments), an indirect subsidiary of Power Corporation ……
