China's central bank weakened its official yuan midpoint by the most in nearly a month on Thursday, reflecting losses in the spot price a day earlier after Washington gave the Chinese consulate in ... ( read original story ...)
China’s central bank issues rules for blockchain uses in financial industry
People walk by a sign of Blockchain Summit during the Mobile World Congress Shanghai 2019 in June. Photo: IC The People's Bank of China (PBC), the central bank, has issued documents and evaluation ... ( read original story ...)
Chinese bank losses are projected to exceed the US and Western Europe combined
Bank executives from Shanghai to San Francisco are bracing for a tsunami of missed payments and defaults, underscoring just how far the global economy has to go to recover from the pandemic. ( read original story ...)
China’s Huatai joins chase to bank rich retail investors trading offshore
China's Huatai Financial Holdings has big plans for a billion-dollar overseas push, said chief executive Levin Wang - it aims to overtake top players like Futu Holdings in the fast-growing market for ... ( read original story ...)
Xi’s Radical Stock Market Reforms Shield China Firms From U.S
A plan by President Xi Jinping hatched in late 2018 to liberalize China’s constrained stock market and prevent home-grown tech firms from flocking to New York is turning out to be a prescient move. ( read original story ...)
Jack Ma’s Ant Group, valued at US$200 billion, to kick start concurrent IPOs in Shanghai and Hong Kong, bypassing New York
Ant Group, which operates the online payment platform for the world's largest e-commerce company, is kicking off the process for simultaneous stock offerings in Shanghai and Hong Kong, extending a ... ( read original story ...)
Alipay owner Ant Group eyes dual IPOs in Shanghai and Hong Kong
Ant Group Co., the Chinese technology and financial-services giant that owns popular mobile-payments network Alipay, said it is planning initial public offerings in Hong Kong and Shanghai, bypassing ... ( read original story ...)