finance
China’s Loan Sector Records Greatest Results for 2016 in November
| Steve M.C. | | Dec 15, 2016 03:34 AM EST |
The banking sector hit a whole new high for the entire year in the month of November after it recorded positive turnouts in the loan as well as financing sectors.
Hong Kong to Monitor Financial Impact of Brexit
| Ellie Froilan | | Jun 27, 2016 05:29 AM EDT |
Hong Kong's finance chief has announced that the government will closely monitor the global economic and financial impact of Britain's exit (Brexit) from the European Union (EU).
Business Consultant McKinsey Estimates China's Economy Could Grow to $5.6 Trillion by 2030
| Kat De Guzman | | Jun 24, 2016 04:15 AM EDT |
The business consultancy called McKinsey Global Institute said in a statement on Thursday that China's economy could grow to $5.6 trillion via gross domestic product and $5.1 trillion of new income for households by the year 2030.
China's Central Bank Relaxes Credit Card Rules
| Charissa Echavez | | Apr 18, 2016 09:40 AM EDT |
China's central bank relaxed credit card ending rates and increased the cash withdrawal limit.
JD.Com Partners With ZestFinance To Introduce ‘Credit Score’ To China
| Adelyn Torralba | | Jun 26, 2015 08:42 AM EDT |
Commerce’s biggest threshold China is venturing on a new platform of getting credits by recognizing the importance of credit scores.
Online Banking News: Ant Financial Gets Funding As It Opens Its Services in China
| Adelyn Torralba | | Jun 22, 2015 09:43 AM EDT |
Ant Financial's bid to invest in an online banking platform has sold its stakes to investors in order to launch their services "MYbank" on June 25, 2015.
Google Hires "Most Powerful Woman on Wall Street"
| David Curry | | Mar 25, 2015 05:56 AM EDT |
Porat will report directly to Google CEO Larry Page.
China, Myanmar Sign Deals Worth $7.8 Billion
| David Curry | | Nov 15, 2014 11:57 AM EST |
In a move to cooperate better with its neighbors, China has announced $7.8 billion in deals with Myanmar, covering energy, agriculture, telecommunications, infrastructure and finance.
Alibaba Expected to Launch US IPO Next Week
| Marcel Woo | | Sep 01, 2014 03:17 AM EDT |
Industry insiders believe China's largest e-commerce company, Alibaba Group, will launch its much anticipated US initial public offering (IPO) early next week. Trading should begin around Sept. 18.
Federal Reserve Bank Scrutinizes Deutsche Bank
| Ren Benavidez | | Jul 23, 2014 09:43 AM EDT |
The Federal Reserve Bank of New York found some serious oversight in the financial reporting process of Deutsche Bank, the New York Times reported.
Indonesian President-Elect Joko Widodo Plans to Focus on Country’s Economic Growth
| Ren Benavidez | | Jul 23, 2014 09:15 AM EDT |
Indonesia’s elected president Joko Widodo will be prioritizing the country’s financial growth when he takes the presidential seat in October, Bloomberg reported.
Debt Crisis Looms for Chinese Local Governments
| Christl Leong | | Jun 19, 2014 01:15 AM EDT |
China's local government may have trouble paying off debts as its property market sees a downturn in revenues.
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