A country’s financial system, after all, can only change in ways that are consistent with changes in the political system and with the distribution of political and economic power, and it is hard to imagine…
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China's African population declines amid slowdown, crackdown
GUANGZHOU, China (AP) — Dreams are fading in China for African traders like Mouhamadou Moustapha Dieng, who in 2003 was among the first wave of Africans to set up homes and companies in this port…
China says its aircraft carrier is combat ready — here's how it stacks up to the rest
Almost two decades after buying the hull from Ukraine in 1998, China’s sole aircraft carrier, the Liaoning, has finally been declared combat ready. China’s aircraft carrier, as well as the rest of its rapidly modernising…
The Latest: China promotes 21-nation trade agreement
Xi said that China has contributed to 40 percent of global growth since the global financial crisis. China’s economy is now cooling as it seeks to rebalance growth away from exports to more domestic sources…
China Banking : Bank 'on track' to hit P6.4-B FY profit target
Nov. 19–CHINA Banking Corp., the listed affiliate bank of the SM Group, is confident it will reach its full-year profit target of P6.4 billion on the back of its robust loan business and the contribution…
Banks use technology to fight rivals
A booth showcases the Industrial and Commercial Bank of China’s internet finance products at a Beijing expo. [Photo provided to China Daily] Facing intense competition from internet finance companies, commercial banks in China are adapting…
Synthetic Gold Leasing: More Details Regarding The “Precious Metals” On Chinese Commercial Bank Balance Sheets.
Gold stored in Shanghai Gold Exchange (SGE) designated vaults owned by commercial banks does not to appear on the custodial bank’s balance sheet. More confirmation some gold on the balance sheets is stored outside China.…
Common for foreign banks in China to hire princelings: Reports
From 2006 to 2008, the bank hired Ms Wen’s consulting firm, Fullmark Consultants, to promote its standing in China. Her firm was paid a total of US$1.8 million for two years of service. The average…
Serbia's central bank approves opening of Bank of China branch
BELGRADE Nov 18 Serbia’s central bank has given preliminary approval for Bank of China Ltd to open a branch in the Balkan country, the first time a major Chinese bank will have done so. “As…
In China’s ‘richest village’, every resident has ‘£100K in the bank’
What used to be a farming community back in the 1950s, Huaxi, a village situated in the east of the city centre of Jiangyin, in Jiangsu Province, has reportedly been transformed into a thriving Communist…
‘Made in China’ exhibition will offer opportunities for Qatar in China: Doha Bank
Optimistic on enhanced strategic relationship between Qatar and China, Doha Bank has said the recently held ‘Made in China’ exhibition will offer an opportunity for Doha to tap into the Asian country’s technological advancements. The…
JPMorgan hired kids of China's elite to win business, U.S. charges
Regulators slapped JPMorgan (JPM) with $264 million in fines and said the bank “corruptly influenced government officials” with its hiring practices in China. The settlement ends a three-year investigation into JPMorgan and marks one of…
China central bank has Trump headache amid US policy flux
As if defusing the world’s biggest debt bomb while keeping economic growth humming wasn’t tough enough, Donald Trump’s shock election victory has just made the policy outlook even more complex for People’s Bank of China…
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