BEIJING China’s banking regulator has issued new guidance to tighten control over a fast-expanding peer-to-peer (P2P) lending sector, the regulator said in a statement to Reuters on Tuesday. The guidance, which the China Banking Regulatory…
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UPDATE 1-China's national pension fund appoints four custodian banks
BEIJING Nov 30 China’s National Council for Social Security Fund has selected four banks to be custodians for its basic pension insurance fund, it said in an online statement on Tuesday. The four banks are…
China's 'extraordinary leverage' tops Bank of England's growing list of concerns
China, euro zone sovereign debt and the potential fallout from Brexit top the escalating list of concerns for the Bank of England (BOE), according to a report published on Wednesday which warns that risks to…
When Chinese Bank's Trump Lease Ends, Potential Conflict Begins
The Industrial & Commercial Bank of China Ltd., a state-controlled enterprise and the world’s biggest lender by assets, is due to renegotiate its lease at Trump Tower in Manhattan during Donald Trump’s presidency — a…
China's yuan will appreciate vs US dollar in the long-term: Central Bank advisor
[BEIJING] The Chinese yuan will appreciate against the US dollar in the longer-term, a central bank adviser said, arguing that recent weakness in the currency is largely due to a stronger US dollar. The Chinese…
DEUTSCHE BANK: The property bubble 'is the most important macro issue in China'
A man rides a motorcycle past a replica of the Eiffel Tower at the Tianducheng development in Hangzhou, Zhejiang Province August 1, 2013. Reuters/Aly Song China’s debt-fuelled property boom, and potential bust, will be one…
Central bank to force dual-network bank cards out of mainland market
Photo: CFP Dual-network bank credit cards, which can operate through the domestic bank card association China UnionPay and foreign networks such as Visa and MasterCard, will soon be phased out the Chinese domestic payment card…
China's central bank denies banning commercial banks on home loans
View of the headquarters of the Peoples Bank of China (PBOC), Chinas central bank, in Beijing, June 27, 2015. [Photo/IC] BEIJING – China’s central bank has not banned commercial banks from issuing personal home mortgage…
China's property market has bubble but won't collapse, says Wanda chairman
MORE CINEMAS Since Wanda was founded in 1988, the group has become China’s largest commercial property company. It has also expanded into cinemas, sports clubs and finance, partly through acquisitions. Wang said the group wants…
China Financial POS Terminal Industry Report, 2016-2020
LONDON, Nov. 29, 2016 /PRNewswire/ — With the development of electronic information technology and Internet technology, emerging payments like online payment, mobile payment and fixed-line phone payment have produced certain shunting effect on e-payment ……
China forex regulator tightens controls to stem capital outflows, sources say
SHANGHAI/HONG KONG (Reuters) – China is stepping up measures to stem capital outflows after the yuan currency skidded to more than eight-year lows, sources said on Tuesday, taking aim at outbound investments that have soared…
China Finance Online Reports Third Quarter …
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-finance-online-reports-third-quarter-and-nine-months-ended-september-30-2016-unaudited-financial-results-300369574.html SOURCE China Finance Online Co., Ltd … ( read original story …)
‘Social’ Feature Turns China’s Alipay Into a Hook-Up App
One of China’s best-known online-payment apps found itself testing that proposition after a new feature transformed it into a dating site of the racier variety. Late last week, Ant Financial Services Group, the financial affiliate…
