China is the world’s largest financial technology market, with a market size greater than US$1.8 trillion in 2015. In addition, it is a global leader in every aspect, including market structure and user habit. Out…
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China's private-sector engine revs up, but will it keep firing?
TANGSHAN/GUIYANG, China (Reuters) – Toilet manufacturer Fenghua Ceramics Co is building a factory over farmland in north China’s Tangshan city, its first major investment since 2000. While it plans to boost annual production by 20…
China hikes tax on imported luxury cars
The Finance Ministry said it is aimed at encouraging “rational … might run afoul of Beijing’s World Trade Organization commitments to treat foreign and domestic goods equally. China has been the fastest-growing market for Rolls…
China manufacturing heats up in November, inflation pressure builds
BEIJING (Reuters) – Activity in China’s manufacturing sector grew more than expected in November, expanding at its strongest pace in more than two years, as the world’s second-largest economy picks up momentum heading into what…
Culture, creativity and finance join forces in Beijing
The fifth China Cultural and Financial Innovation Summit introduced the top 50 creative companies in Beijing worth investing in to prospective investors and banks. The fifth China Cultural and Financial Innovation Summit, held on Oct…
Chinese Police Is Cracking Down on Financial Crime
China‘s police body has set up five specialist units to deal with financial crime, including securities fraud, which is becoming increasingly professionalized, the official Xinhua news agency reported late on Tuesday. The new units, jointly…
China's banking regulator asks peer-to-peer lenders to register
BEIJING China’s banking regulator has issued new guidance to tighten control over a fast-expanding peer-to-peer (P2P) lending sector, the regulator said in a statement to Reuters on Tuesday. The guidance, which the China Banking Regulatory…
UPDATE 1-China's national pension fund appoints four custodian banks
BEIJING Nov 30 China’s National Council for Social Security Fund has selected four banks to be custodians for its basic pension insurance fund, it said in an online statement on Tuesday. The four banks are…
China's 'extraordinary leverage' tops Bank of England's growing list of concerns
China, euro zone sovereign debt and the potential fallout from Brexit top the escalating list of concerns for the Bank of England (BOE), according to a report published on Wednesday which warns that risks to…
When Chinese Bank's Trump Lease Ends, Potential Conflict Begins
The Industrial & Commercial Bank of China Ltd., a state-controlled enterprise and the world’s biggest lender by assets, is due to renegotiate its lease at Trump Tower in Manhattan during Donald Trump’s presidency — a…
China's yuan will appreciate vs US dollar in the long-term: Central Bank advisor
[BEIJING] The Chinese yuan will appreciate against the US dollar in the longer-term, a central bank adviser said, arguing that recent weakness in the currency is largely due to a stronger US dollar. The Chinese…
DEUTSCHE BANK: The property bubble 'is the most important macro issue in China'
A man rides a motorcycle past a replica of the Eiffel Tower at the Tianducheng development in Hangzhou, Zhejiang Province August 1, 2013. Reuters/Aly Song China’s debt-fuelled property boom, and potential bust, will be one…
Central bank to force dual-network bank cards out of mainland market
Photo: CFP Dual-network bank credit cards, which can operate through the domestic bank card association China UnionPay and foreign networks such as Visa and MasterCard, will soon be phased out the Chinese domestic payment card…
