|Girish Shetti |||Aug 14, 2016 04:33 PM EDT|
China's central bank said on Friday that it would stop issuing licenses to new non-bank payment agencies as regulators seek to efficiently regulate the fast-expanding non-banking payment industry.
|Mars Woo |||Dec 22, 2015 09:38 AM EST|
Despite a volatile global environment and weak domestic market demand, China's economy will still be able to post growth of 6.8 percent next year, according to the Bank of China (BOC) Hong Kong Ltd.
|Vittorio Hernandez |||Dec 15, 2014 12:14 AM EST|
In a span of a few weeks, there were two separate pushes for the Bitcoin currency in China. One came from a former official of the People's Bank of China (PBOC) and the other from an official of an Australia-based Bitcoin business.
|Staff Reporter |||Sep 26, 2014 04:12 AM EDT|
Due to disagreements over the direction of the financial policy of China, leaders are discussing whether or not to replace the Central Bank Chief.
|Staff Reporter |||Sep 17, 2014 12:36 PM EDT|
China's top five banks are receiving aid from the country's Central Bank amounting to US$81 billion or 500 billion yuan. The government support is intended to curb the slow growth rate for the world's second economic power.
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