Chinese officials hope the group could meet every six months and advise Beijing on financial and economic reforms, according to the report. The new group would be headed by former People’s Bank of Chi… (…
Tagged By financials
China’s largest ride-hailing company is now recording in-car audio during passenger trips
Didi Chuxing, China’s largest ride-hailing company, is now recording in-car audio during passenger trips in an effort it says will improve customer safety. Users must agree to have their ride recorded … ( read original…
Lone Congolese Bank to Sign the China-Africa Inter Bank Association Establishment Agreement
signed an agreement for the establishment of the China-Africa Inter Bank Association in Beijing (CAIBA) RAWBANK (www.Rawbank.cd), the only Congolese bank to have been selected as founding member of th… ( read original story …)
House of the year, China: China Minsheng Bank
At the end of last year, China’s regulatory authorities unveiled plans to overhaul the regulation of the asset management industry, which included scrapping the implicit guarantees embedded in wealth … ( read original story …)
Bank of East Asia expands retail banking in China through internet partnerships
Teaming up with mainland Chinese internet partners including a Tencent-backed banking unit and online travel platform Ctrip has been a major boost to Bank of East Asia’s retail banking operations in t… ( read original…
Why Asia turned to China during the global financial crisis
For many young people in Asia, going to the West to study and work is the stuff dreams are made of. But that dream turned into a nightmare for Declan Ee when he became an…
China’s new loans fall as cooling makes banks and borrowers wary
Chinese banks extended ¥1.28-trillion ($186.40bn) in net new yuan loans in August, according to data released by the People’s Bank of China (PBOC) on Wednesday. Analysts had predicted an August tally … ( read original…
Bank of England Governor Warns of Mounting Financial Risks in Asia
Bank of England (BoE) chief Mark Carney has suggested British and international financial institutions prepare to address possible risks stemming from mainland China’s shadow banking, namely its so-ca… ( read original story …)
China’s Sovereign-Wealth Fund Interested in Buying HNA’s Deutsche Bank Stake
China’s sovereign-wealth fund and other large investors have expressed interest in potentially buying shares in Deutsche Bank AG from embattled Chinese conglomerate HNA Group Co., according to people … ( read original story …)
China’s Central Bank-Backed Blockchain Trade Finance Platform Pilot Kicks Off in Shenzhen
A new trade and finance blockchain platform backed by the People’s Bank of China (PBoC) has started official pilot operations in Shenzhen. The “Guangdong, Hong Kong and Macao Dawan District … ( read original story…
China: Central Bank’s Digital Currency Lab Launches Research Center in Eastern Province
China’s central bank, the People’s Bank of China (PBoC), is extending the activities of its Digital Currency Research Lab beyond the country’s capital, local media outlet CNstock reports … ( read original story …)
China’s central bank-backed blockchain platform starts trial in Shenzhen
A trade and finance blockchain platform, backed by the People’s Bank of China (PBC), the country’s central bank, was officially put into trial operation in Shenzhen, South China’s Guangdong Province, … ( read original story…
Lithuania’s central bank launches interbank instant payments
according to the latest data from the Bank of Lithuania. Enditem Follow China.org.cn on Twitter and Facebook to join the conversation. ( read original story …)
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