“In 2012-2013, Iran opened accounts in local currencies in buying countries that it then used to finance imports,” said Barclays analyst Michael Cohen in a note. “If China, India, Japan and South Korea do not…
Tagged By financials
Chinese bank staff offered dinner and photos with Trump for $150,000
An invitation emblazoned with the logo of the China Construction Bank Corp (CCB)(0939.HK) (601939.SS) circulating on the Weibo social media platform, offered high-net-worth clients the opportunity to attend a May 31 dinner in Dallas to…
Chinese Bank Offered Clients Chance to Dine With Trump for $150,000
Donald Trump’s re-election campaign has complained to the U.S. Department of Justice after China’s second-largest state-owned bank offered wealthy clients the opportunity to have dinner with the American president for $150,000 a ticket. A branch…
From folk singer to international finance expert – Liao Min is a new face on China’s trade team in Washington
On the official list of the Beijing delegation that arrived in Washington on Tuesday for trade talks, there is a new name. Liao Min, a well-known folk singer during his university days in the late…
China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK
TOKYO (Reuters) – China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s (Tokyo:6502.T – News) chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK…
Revealed: how China is driving growth in Dubai’s financial hub
DIFC is the regional headquarters to China’s four largest banks in terms of total assets – Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. A recent survey also ranked the…
China unlikely to meet US requests to cut $200 billion on trade surplus
Moody’s does not believe that China can satisfy US requests to reduce its trade surplus with the US by $200 billion by 2020 Moody’s Investors Service says that it does not believe that China can…
Chinese banks overshadow Western counterparts in latest global bank rankings
China’s ‘Big Four’ banks – Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China, remained as the top four banks by assets year-over-year, posting a combined $13.637…
Bank of China Eyes Move to Geneva
Zurich has managed to attract two Chinese banks in recent years, while Geneva has thus far missed out. This could however change, which would be a blessing for the city. Wembing Geng, the Chinese ambassador…
Lithuania central bank welcomes Chinese FinTech companies
By strengthening relations with China’s FinTech sector, the central bank and the banking supervisor, Lithuania “will open the door to China more widely for our own businesses.” Vasiliauskas will attend a financial forum scheduled on…
DIFC and China consider future collaboration
DIFC is the regional headquarters to China’s four largest banks in terms of total assets; Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. In 2017, DIFC continued to see growth…
JD Finance fundraising a precursor for IPO
JD Finance’s exhibition booth attracts many visitors in Nanjing, Jiangsu province. [Photo provided to China Daily] The reported $2 billion fundraising by JD Finance, the financial arm of China’s second-largest e-commerce player JD, could pave…
The Finance 202: Trump’s China reversal sparks bipartisan fears of a hasty deal
President Trump isn’t holding his own hard line against China in the face of pushback from Beijing. Now the question becomes whether he will hold his new, softer line as he confronts pushback at home.…
