Beijing’s financial revenues totaled 508.13 billion yuan (US$72 billion) in 2016, a 7.5 percent increase year on year, according to the Beijing Municipal Bureau of Finance. It is the first time that the city’s financial…
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Fall in China's forex reserves 'good news', yuan been overvalued – central bank advisor
BEIJING The decline in China’s foreign reserves is good news in the long-run, central bank advisor Fan Gang told Bloomberg News on Monday, describing the yuan as being at a “turning point” after possibly being…
China likely to allow companies to issue shares in Frankfurt this year – bourse
Deutsche Borse AG and China Financial Futures Exchange in 2015. The plan needs approval from Chinese and German regulators, but listing and trading of D shares would likely comply with existing German rules, the SSE…
China’s Financial Reserves Approach A Dangerously low Level
The latest PBOC report hints at China’s reserved tumbling by another US$41.1bn in December 2016. This would effectively reduce the country’s reserves to just above US$3tn, a very dangerous level. Financial experts all over the…
Why Canada should open its arms to Chinese investment
Defying gloomy predictions, China’s Ministry of Commerce reported in November that China’s non-financial foreign direct investment rose by more than 50 per cent to the end of August, 2016. Although subsequent announcements followed that China…
China Rapid Finance to triple number of users on its consumer lending platform
China Rapid Finance (CRF), the mainland’s largest online consumer lending platform, is looking to triple the number of users this year as it looks to create a business on par with a major commercial bank’s…
Choked by smog, Beijing creates new environmental police
BEIJING (AP) — Officials in Beijing have announced a new environmental police squad to root out illegal burning, the latest government response to the widespread public anger over China’s persistent problems with smog. Beijing’s acting…
China central bank says to maintain prudent, neutral monetary policy in 2017
BEIJING China’s central bank said on Friday it will maintain prudent and neutral monetary policy and keep basically stable liquidity in 2017 as one of its main tasks in the year. It also vowed to…
China Finance Online's Subsidiary Rifa Securities Won Awards as one of Best Hong Kong Securities Brokerage Firms
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…
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…
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