Last month’s drop in reserves was the largest since January, when a sharp fall in the yuan and worries about China’s slowing economy raised fears that Beijing could devalue its currency for a second year…
Tagged By financials
HSBC launches its first credit cards in China
HSBC will begin issuing credit cards in China on Monday, the first time that the bank has done so in its own right, marking the latest stage in its expansion in the Pearl River Delta…
WWE Chief Financial Officer Lays Out Timeline for Continued China Expansion
WWE chief strategy and financial officer George Barrios laid out the professional wrestling company’s timeline for their ongoing China expansion. “As far as where do we have more to do, [it] is China and some…
Daimler may make electric cars in China to boost sales
STUTTGART (Reuters) – Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.…
China must step up reforms to curb rising leverage, distortions: U.S. treasury official
Nathan Sheets, the Under Secretary of the Treasury for International Affairs, said that China’s non-financial corporate sector debt – at about 145 percent of gross domestic product (GDP)- is among the highest for major economies,…
China’s internet finance revolution
Internet finance may be a new development in China but its impact is now everywhere. Peking University has developed an index which measures the growth and structure of internet finance across China. It records that…
China trainmaker CRRC to build more plants abroad in expansion plan: China Daily
SHANGHAI (Reuters) – Chinese trainmaker CRRC plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on…
China’s Securities Czar Takes Aim at New-Money Barbarians
Some of China’s better-known and better-run companies have seen outsiders swoop in to amass significant stakes. Raising eyebrows among the financial community are firms like Anbang Insurance Group and Baoneng Group, a property and insurance…
Financial wizardry alone won’t stave off a Chinese debt crisis
China’s debt is beyond worrying … both politically and economically and will likely result in slower growth and great volatility in the financial markets. The debt-for-equity swap program is a temporary measure where a real…
Market bears smell blood as China scrambles to plug capital outflows
China’s Vice Finance Minister Zhu Guangyao was quoted on Saturday as saying policymakers were watching capital outflows closely. Bank of China, the country’s biggest currency trading bank, has begun to sharply limit corporate customers’ ability…
China's liquidity flood stirs debt fears
The current tussle to ward off a financial crisis pits the world’s most powerful authoritarian system against the propensity of money to resist control as it seeps and flows like water through unattended apertures. China’s…
Can the internet revolutionise finance in China?
Internet finance in China has developed rapidly over the past several years. Internet finance embraces a huge range of activities, including third-party payment, online lending, direct sales of funds, crowd-funding, online insurance and banking and…
No price like home: Big spenders reappear in China
“Some brands price their products in China closer to the overseas markets, such as Chanel,” said Emma Yu, a 32-year-old housewife exiting a Cartier store while shopping for a handbag in Shanghai’s financial district. “If…
