The People’s Bank of China (PBoC) has revealed a blockchain-powered system to digitize paper checks, local media Financial News reports June 5. The system aims combat financial fraud as well as reduce expenses for printing…
Tagged By financials
China c.bank injects net 203.5 bln yuan with hefty 1-yr MLF rollover
SHANGHAI, June 6 (Reuters) – China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), with interest rates unchanged, it said in a statement.…
GEOSWIFT LAUNCHEs GEOREMIT AT MONEY 20/20 EUROPE TO STREAMLINE P2P MONEY TRANSFERS INTO CHINA
GeoRemit will help consumers swiftly and securely transfer money to 90% of Chinese bank accounts, both debit and credit, in RMB, by utilising Geoswift’s network of banks in China. In most countries, remitting money domestically…
Is A Natural Gas Pipeline Between Alaska And China Realistic?
However, the only news the delegation brought home was that Sinopec and Bank of China were still interested in the project. This declaration of interest is hardly worth a headline, but one outtake from the…
China Central Bank Injects Net 203.5 Billion Yuan With Hefty One-Year MLF Rollover
SHANGHAI (Reuters) – China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), with interest rates unchanged, it said in a statement. The fund…
China Hongqiao Inks $4.7 Billion Financing Deal With Industrial Bank
BEIJING — China Hongqiao Group, the world’s biggest aluminium producer, said it has signed a financing agreement with Industrial Bank Co Ltd worth 30 billion yuan (3.51 billion pounds) as it looks to upgrade its…
Macau Casinos Drop for Fourth Day on China Crackdown Speculation
Industrial and Commercial Bank of China (Macau) Ltd. said in an emailed statement Wednesday the bank took action to remove non-compliant machines. Checks of so-called POS systems are routine, it said, and the proportion of…
China reportedly offered to buy nearly $70 billion of US agriculture, energy products
China would buy nearly $70 billion worth of U.S. agriculture and energy products if the Trump administration steps back from tariffs, The Wall Street Journal reported Tuesday, citing sources briefed on the latest talks with…
Property stocks climb after China’s central bank tweaks monetary policy
Shares of Chinese property firms climbed on Monday after the People’s Bank of China (PBOC) said it would broaden the range of collateral it accepts as part of its medium-term lending facility (MLF), making another…
China bank chairman’s apparent suicide brings attention to country’s troubled lenders
The recent death of a Chinese rural bank’s chairman has put the spotlight on the troubles that small lenders in the country face as authorities clean up the financial sector in the world’s second-largest economy.…
Exclusive: Ant Financial shifts focus from finance to tech services: sources
and has played a major role in shaping the financial technology landscape in China. Its Alipay online payment app is one of the biggest players in an increasingly cashless society. But in five years, technology…
Bank chairman’s apparent suicide brings attention to China’s troubled lenders
Yin Jinbao, the man found dead in his office last month, served on the boards of Tianjin Rural Commercial Bank and Tianjin Binhai Rural Commercial Bank. Yin’s apparent suicide came at a time when both…
China pushes state banks into home rental market at their own risk
The total value of the rental market was 1.3 trillion yuan last year. China Construction Bank Corp (CCB), the second-largest lender, is the most visible example of this trend, giving loans to renters at ultra-low…
