China’s Fake Bonds Flash Enron Warning

China’s latest bull market in bonds isn’t about rising prices or improving credit conditions. It’s about fakes. Global uncertainties are pushing government debt yields toward their highest level since September 2015. Amid the chaos, China’s $3 ... ( read original story ...)

Brian Gaynor: Finance company sale raises fears

There is widespread apprehension regarding the sale of UDC Finance, the country's largest finance company, to China's HNA Group. This is because UDC is an important lender to domestic industrial companies, because it may have to raise its lending rates and ... ( read original story ...)

Bank of China : Letters To The Editor

I just got back from the FDR Presidential Library & Museum in Hyde Park, New York. It was well worth the trip. The following was from his inaugural address: "The test of our progress is not whether we add more to the abundance of those who have much; it is ... ( read original story ...

Alibaba's Ant Financial buys MoneyGram for $880m

Ant Financial has a big market share in the online payments industry in China. The acquisition could help the company extend the lead as well as expand overseas, as competition is growing in China with rival Tencent's WeChat payment system. US-listed ... ( read original story ...)

Alibaba's Ant Financial in overseas push with MoneyGram deal

"I expect to see the ever increasing convergence of fintech and the more traditional financial services sector." REMITTANCES 'A REALLY INTERESTING BRIDGE' China's financial technology companies are on the rise, boosted by rapid digitization and the rise of ... ( read original story ...)

China's shadow banking crusade risks bond market crash

SHANGHAI (Reuters) - China's campaign to cut high debt levels in its economy is aiming this year to shrink the $3 trillion shadow banking sector, which could drain a critical source of income for the country's banks and of funding for its fragile bond market. ( read original story ...)

Smog pushes Beijing residents to innovate for the world

Beijing residents concerned about breathing the capital's thick grey air are adapting, inventing and even creating businesses to protect the health of their families and others. Some of their efforts could help people around the world. Already this year ... ( read original story ...)