It said it would help Ascend grow online and offline payments and financial services business. However, a statement posted in June by China’s Ministry of Commerce said Ant Financial intended to buy a 20% stake…
Tagged By financials
China debt risks stoke internal debate over lowering 2017 growth goal
even as it has stepped carefully to avoid repeating the huge stimulus package implemented in the global financial crisis, which saddled the economy with a pile of debt. China’s debt has soared to 250 percent…
China hopes Germany's probes into Chinese acquisitions 'an exception'
BEIJING (Reuters) – China hopes Germany’s recent security investigations into proposed acquisitions by Chinese companies are “an exception”, a spokesman for the Ministry of Commerce said on Wednesday. Shen Danyang also said China hopes Germany…
China's non-financial debt over $22.7 trillion: Official
BEIJING: China’s non-financial debt is estimated to be more than $22.7 trillion, accounting for 227.92 per cent of its GDP, a senior Chinese finance ministry official said today amid concerns it may spiral out control.…
China Is Now The World's Leading Energy Financier — What Does That Mean For Climate Change?
The International Money Fund and the World Bank have long functioned as pillars of the global economic and financial order. But when it comes to financing the energy needs of the world, there’s a new…
China central bank injects $112.8 billion in October via policy tools
BEIJING China’s central bank injected a total of 763.71 billion yuan ($112.8 billion) via short- and medium-term liquidity tools in October, its data showed on Tuesday, as it seeks to support credit expansion and the…
Breakdown: Gauging the risks of a China crisis
BEIJING (Reuters Breakingviews) – Can China avoid a financial crisis? That’s the question facing regulators and investors after a rapid rise in leverage in the world’s second-largest economy. The links between the official banking system…
Australia and China agree to share financial crime intelligence
BEIJING/SYDNEY (Reuters) – Australia and China agreed on Tuesday to share intelligence about potential financial crime as part of a crackdown on cross-border money laundering and terrorism financing, as Australian Justice Minister Michael Keenan visits…
China's domestic travel boom brings rush of start-up airlines, jet orders
ZHUHAI, China (Reuters) – China’s appetite for planes and pilots is building up, whetted by a slew of new airlines launched in the last three years as local governments, private firms and larger carriers fight…
China sales warning for A2, Bellamy’s
A2 Milk and Bellamy’s generated $NZ38 million and $A62 million respectively in direct China sales in 2016 financial year, and Citi estimates that will rise to $NZ222 million and $$371 million respectively by 2019 financial…
Global trade has made peace important to China, academic argues
WHILE things continue to heat up in the South China Sea, one academic has highlighted exactly what China has to lose from annoying its neighbours. Dr Xiang Bing, the founding dean of the Cheung Kong…
China-based Property Developer Zall Group Becomes Controlling Shareholder of Leading Chinese Agricultural E-commerce Platform
US13 billion). As the pioneer of vertical ecommerce in China, SinoAgri E-Commerce has formed a diverse income structure including transactions, trading, finance, storage and logistics, which has been consistently profitable and is now demonstrating rapid…
France, China to set up joint investment fund for overseas projects
CHINA TO OPEN MARKET FURTHER Business groups and Western officials have pointed out that restrictions on foreign companies in Chinese industries, such as financial services, healthcare and logistics, are often far greater than what Chinese…
