Zendai Group, a closely held private investment company in Shanghai, abruptly shut down two peer-to-peer ... was to be liquidated on Tuesday, as its custodian bank was terminating the partnership. The ... ( read original story ...)
China Banking Official: “People’s Bank Digital Currency Can Now Be Said to Be Ready”
People’s Bank digital currency can now be said to be ready.” Shanghai Securities News (SSN) writes that Mu made the announcement at the third “China Financial Forty People Yichun Forum” on August 10th ... ( read original story ...)
China stocks falter as bank lending falls; Hong Kong drags
At the midday break, the Shanghai Composite index was down 0.7% ... according to data released by the People’s Bank of China on Monday. ** The PBOC lowered its official yuan midpoint for the ... ( read original story ...)
If STAR Market has to shine brightly, long-term investors are the key
Investors check stock price movements at a securities brokerage in Nanjing, capital of Jiangsu province. [Photo by Qu Xing/For China Daily] Shanghai's new sci-tech STAR Market, which is compared to ... ( read original story ...)
China central bank: Volatility in yuan due to escalating US trade friction
SHANGHAI: Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to ... ( read original story ...)
Mobile banking brings sea change in China’s financial system
SHANGHAI/GUANGZHOU -- The mobile banking units of Chinese internet conglomerates Alibaba Group Holding and Tencent Holdings are changing the landscape of financial services in China, lending to ... ( read original story ...)
Shanghai’s bourse asks banks, bondholders to cut debtors some slack to ensure financial stability through China’s 70th birthday
Shanghai’s stock market operator is stepping into the workout plans of corporate debtors on its bourse, aiming to calm nerves and buy more time for borrowers while the capital markets had been roiled ... ( read original story ...)