China is Cracking Down on Unscrupulous Financial Services

Now the China Banking Regulatory Commission has published measures to address risks in the financial and banking sectors. According to ChinaNews, CBRC highlighted 10 areas for improving risk control in both traditional and internet finance – which ... ( read original story ...)

China Credit Growth Accelerates as Shadow Banking Gauge Picks Up

China’s broadest measure of new credit increased more than estimated in March amid strong growth in shadow banking. New loans slowed for a second month while the money supply increased at the most sluggish pace since July. The acceleration suggests a ... ( read original story ...)

Russia and China Preparing Alternative Banking Architecture

It may have arrived with little fanfare, but Russia's SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the Governor of Russia's central bank ... ( read original story ...)

China's Ant Financial raises offer for MoneyGram to $1.2 billion

SINGAPORE China's Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc (MGI.O) and the deal was unanimously approved by the U.S. firm's board, outbidding rival Euronet Worldwide Inc (EEFT.O). Ant, the finance affiliate ... ( read original story ...)

China Raises CPEC Investment to $62b

China has again hiked its investment in the China Pakistan ... fuel growth and the country is likely to achieve the GDP growth rate of 5% during current financial year. In fact, a number of countries, spread over five continents, have expressed their ... ( read original story ...)