AmorePacific-owned beauty brand, Innisfree, collaborates with mobile retail solutions company, POSPi, and Bank of China, to launch its mobile point of sale (POS) solution in Chinese branches. Mintel reports that in 2017, brands will be…
Tagged By financials
China's Central Bank Finds Bitcoin Exchanges Out of Step on Regulation
The business management division of the People’s Bank of China (PBOC) has reportedly released the results of a previously announced inspection of domestic bitcoin trading platforms. In reports today, the central bank is said to…
Banking sector can handle NPLs
The Chinese banking system is healthy and can handle its nonperforming loans, China Huarong Asset Management Co Ltd Chairman Lai Xiaomin said. “My confidence comes from the fact that the banking system has been making…
China Central Bank Injects A Record 1.035 Trillion In Bank Liquidity This Week
Heading into the Chinese Lunar New Year, local banks are suddenly starved for liquidity like never before. On Tuesday China’s benchmark money-market rate jumped the most in two years, with unprecedented cash injections by the…
China’s US Treasury debt holdings fall for 6th straight month
“Perhaps this does suggest that there is further pressure on the Chinese central bank to sell Treasuries to raise cash in order to meet those capital outflows,” he added. China’s yuan currency had weakened around…
Chinese-funded Silkroad Int'l Bank opens in Djibouti
Dawaleh said the opening of the bank was the latest example of China’s long-term support for infrastructure development in Djibouti. The Chinese government is developing the best relations with Djibouti based on the principles of…
China's move to relax foreign investment restrictions too late for ANZ
However, many foreign banks and investment groups, including Australia’s ANZ, have already sold out of their interests in China, frustrated by the slow pace of reforms. Earlier this month, ANZ sold its 20 per cent…
Foreign business skeptical of China’s promised opening
The State Council said on its website that China would lower restrictions on foreign investment in a broad range of financial services, plus telecommunications, the internet, culture, education and transport sectors. It also said it…
China economic growth to slow slightly this year as policymakers focus on risks
BEIJING (Reuters) – China’s economy will likely expand 6.5 percent this year as authorities tolerate a further slowdown so they can focus on containing increasing financial risks, but a weakening yuan will complicate their policy…
U.S. lobby says China protectionism fuelling foreign business pessimism
BEIJING (Reuters) – More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying…
Stricter financial supervision needed before exchange rate flows freely
Xie Yaxuan, chief economist with China Merchants Securities, has said the country needs to strengthen financial supervision before allowing the yuan to float freely. He added, however, that a free-floating yuan will not be a…
Adia open to more investments in China
Sheikh Hamed bin Zayed, Adia’s managing director, told China Finance, a bimonthly journal, that steps to liberalise financial markets in China were promising and could lead to more investments in listed companies, fixed income, real…
China’s banks need coordination for debt-equity swaps, CCB says
The Beijing-based bank has an asset-management unit with 12 billion yuan in seed capital awaiting approvals. In addition, it has agreed to swap 50 billion yuan of debt owed by three state-owned mining and energy…
