Banking & Finance « Week In China

Sorry, you have not enabled Javascript for your internet browser, so some of our website's pages may not render as fully as intended.
Please Click here for easy instructions on how to enable Javascript on your browser or consult your IT support staff for help.

Banking & Finance

1 2 3 4 5... 32

Douban seeks to list its shares
Aug 18, 2017 (WiC 376)

Unlike most entrepreneurs, Yang Bo was not a commercially driven individual. In 2005, the former IBM consultant, often known as Ah Bei, founded Douban after returning to Beijing from the United States. He created an arts-focused social network ...

Shandong firms tangled in a web of debt
Aug 18, 2017 (WiC 376)

Xi Jinping has warned that financial stability is essential to China’s national security, so bank runs aren’t good news for the promotion prospects of the officials in the Shandong city that has seen one. Not that a disgruntled worker ...

Foreign rating agencies get full China access
Jul 21, 2017 (WiC 375)

The Chinese bond market may finally have to get to grips with its ABCs after the government announced that foreign credit rating agencies have been given permission to rate domestic bond issues. The move came on the same day China launched its ...

China has become a leader in the green bond market says HSBC’s French
Jul 7, 2017 (WiC 373)

Ten years ago this week the first ever green bond was issued by the European Investment Bank (EIB) – with a goal of growing a new financial market that helped lower carbon emissions. Since then green bonds have grown into a major source of ...

China’s tech giants team up with the Big Four banks
Jun 30, 2017 (WiC 372)

This year Yu’ebao, the money management service run by Alibaba-affiliate Ant Financial, became the world’s largest money market fund, handling Rmb170 billion ($25 billion) of assets in the first quarter. The fund was created four years ago as ...

MSCI finally includes Chinese A-shares
Jun 23, 2017 (WiC 371)

“The inevitable must be accepted and turned to advantage.” So said Napoleon Bonaparte, and MSCI seems to concur with the French emperor’s strategy. That follows the major news this week – after three successive years of rejections – ...

Why short-sellers are turning their attention to Hong Kong
Jun 16, 2017 (WiC 370)

The reputation of the equity research industry reached crisis point in late 2001 when almost all of the 15 sell-side analysts covering Enron rated the energy firm a “buy” or “strong buy”, right up to the brink of its bankruptcy. The ...

UnionPay takes on Alibaba and Tencent
Jun 16, 2017 (WiC 370)

“Even the beggars around the West Lake are using Alipay,” quipped Alibaba boss Jack Ma in reference to the famed lake in his company’s hometown of Hangzhou. Ma’s Ant Financial owns Alipay, the mobile payments service, which has become ...

How Blackstone’s Schwarzman became China’s go-to man for M&A deals
Jun 9, 2017 (WiC 369)

Backed by archaeological studies, Chinese historians claim that jiaozi, meaning “exchange paper”, are the world’s earliest bank notes. The printed money came into circulation about a thousand years ago in Kaifeng, a city in Henan province. ...

Bitcoin “mines” in Sichuan close without explanation
Jun 9, 2017 (WiC 369)

When Bitcoin was first released in 2009, its creator gave units of the digital currency away via lotteries every ten minutes. Hopefuls had to solve an algorithmic puzzle to get a lottery ticket. Back then the equations were solvable on standard ...

1 2 3 4 5... 32