BEIJING, March 8 China’s second-largest corn-producing region has asked Beijing for more financial aid as farmers struggle with low prices and bulging stocks a year after the government ditched its decade-long buying policy and efforts…
Tagged By financials
China's banks to see slower asset growth this year: Zheshang chairman
said the chairman of China Zheshang Bank Co, one of the fastest-growing listed Chinese lenders. Shen Renkang estimated asset growth for China’s 21 national banks will be less than 10 percent this year, compared to…
It May Be Another Record Year in China for Fintech, Accenture Says
The country’s financial-services giants will probably ramp up investments in areas including artificial intelligence, blockchain, so-called big data and cyber-security to improve their product offerings, Albert Chan, managing director of China financial … ( read…
China focuses on risk control as economy firms
China has moved to channel more energy into risk control in its financial sector after the slowing economy showed more signs of warming due to pro-growth measures.[Special coverage] The government work report delivered by Premier…
China Consumer Finance Challenge Needs High-Tech Solution, China Rapid Finance CEO Tells LendIt
The challenge of expanding consumer finance to China’s vast population can only be effectively tackled with a high-tech solution that enables low-cost customer acquisition, Dr. Zhengyu (Zane) Wang, founder, chairman and chief executive officer of…
China’s finance minister sees ‘relatively large’ room to increase govt debt
China’s government has “relatively large room” to incur debt, China’s finance minister Xiao Jie said on Tuesday, sending a message that Beijing is ready to increase government borrowing to bolster growth if needed. Xiao, a…
China imports surge almost 40% on-year in February
China’s imports surged almost 40 percent last month, data showed Wednesday, fuelled by higher commodity prices and strong domestic demand, bolstering hopes that the world’s number two economy is getting back on track. Leaders will…
China posts first monthly trade deficit in 3 years as imports soar
with China-bound exports dropping 13.4 percent. Elsewhere, Trump administration trade adviser Peter Navarro said on Monday that the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues. Meanwhile, the…
China says NKorea could suspend nukes for halt in US drills
BEIJING (AP) — China’s foreign minister said Wednesday that North Korea could suspend its nuclear and missile activities in exchange for a halt in joint U.S.-South Korea military drills, in an unusually public proposal that…
China Huarong to establish up to five local bad debt managers this year
and resolving systemic financial risks,” said Lai, a delegate to the annual meeting of China’s national parliament. China’s banking regulator last October amended regulations, allowing each province to set up two local AMCs, from one…
Chinese Fintech Firms Launch Blockchain Supply Chain Finance Platform
An online marketplace lender and a subsidiary of a major electronics firm have united to launch ‘Chained Finance’, China’s first blockchain platform for supply chain finance. The solution is aimed at providing better financing possibilities…
China urges US-N.Korea deal to avert 'head-on collision'
China on Wednesday called on North Korea to suspend its nuclear and missile activities in exchange for the US and South Korea halting military wargames, to prevent what it called a “head-on collision.” Foreign Minister…
Landmark ruling for Chinese bank can't be collected from Metro Vancouver homes
A Chinese bank has won a landmark ruling against a Chinese man who allegedly disappeared from China with an unpaid $10-million dollar loan in 2014, and quickly purchased four Vancouver-area homes. China CITIC Bank won…
