BUSINESS >> Economy

Small banks facing crunch as regulations, liquidity get tighter

Small banks in China are struggling to raise funds through short-term instruments as a regulatory squeeze combines with tight liquidity ahead of the quarter-end and Golden Week holidays.
Source: Reuters | 2017/9/24 20:33:39

Chinese enterprises positive on BRICS investment

Chinese enterprises have positive expectations on investment in BRICS countries.
Source: Xinhua | 2017/9/24 15:02:27

China should open up financial sector: think tank

China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday.
Source: Xinhua | 2017/9/24 7:34:51

84 pct Chinese can go out without cash: report

About 84 percent of the Chinese people can accept going out without any cash, according to a report of mobile payment usage in China released by Chinese mobile payment solution Wechat Pay.
Source: Xinhua | 2017/9/24 7:32:01

China hopes US cautious on trade restrictions

China's Ministry of Commerce (MOC) said Saturday that it hoped the United States would be cautious with the use of restrictive trade measures after a US trade agency claimed that imported solar products could hurt domestic manufacturers.
Source: Xinhua | 2017/9/23 21:03:35

S&P downgrade of China’s credit rating ‘a wrong decision’

China said on Friday international credit rating agency S&P Global Ratings "made a wrong decision" in downgrading China's credit rating, saying the firm neglected the characteristics of the country's financing structure and underestimated the country's economic potential.
Source: Global Times | 2017/9/23 0:18:39

S&P downgrading China's credit rating 'a wrong decision': MOF

China said on Friday international credit rating agency S&P Global Ratings "made a wrong decision" in downgrading China's credit rating, saying the firm neglected the characteristics of the country's financing structure and underestimated the country's economic potential.
Source: Global Times | 2017/9/22 13:03:40

Moody's downgrades Britain's rating, changes outlook to stable

Moody's Investors Service (Moody's) on Friday downgraded Britain's long-term issuer rating to Aa2 from Aa1.
Source: Xinhua | 2017/9/23 7:47:35

Investors shrug off S&P's China credit downgrade, have faith in China's growth

US investors shrugged off the financial service agency S&P's decision to downgrade China's credit ratings, and believed China's economy would continue to be one of the key drivers of global economic growth.
Source: Xinhua | 2017/9/23 7:29:00

WTO upgrades forecast for 2017 as trade rebounds strongly

The World Trade Organization (WTO) on Thursday revised upward its forecast for global trade growth in 2017 to 3.6 percent, from the previous estimate of 2.4 percent, citing a sharp acceleration in global trade growth in the first half of the year.
Source: Xinhua | 2017/9/22 7:12:18

Figuratively Speaking

Shanghai's rank in the Global Financial Centers Index in 2017, up from No.13 last year, the first time for the city to be in the top 10, according to research firm Z/Yen Group.
Source: Global Times | 2017/9/21 22:03:40

Alibaba-backed Best share debut

Shares of Best Inc, a Chinese logistics firm backed by Alibaba Group Holding Ltd, rose 15 percent in market debut on Wednesday in the New York Stock Exchange, a day after the company slashed its expected price range to stoke investor demand.
Source: Reuters | 2017/9/21 22:03:40

PBC ‘orders halt to NK business’

The People’s Bank of China (PBC) has told Chinese banks to stop providing financial services to new North Korean customers and wind down existing loans with North Korean borrowers, according to a document, four sources told Reuters.
Source: Reuters | 2017/9/21 22:03:39

HNA asked to clarify ownership

The Swiss Takeover Board has asked China’s HNA Group to clarify its ownership structure by early next month given apparent changes since its $1.5 billion takeover last year of Swiss aviation services company Gategroup.
Source: Reuters | 2017/9/21 22:03:39

Big changes ahead for Tata group in next decade: former chairman

The face of Indian conglomerate Tata will change in the next 10 years as it adopts new technologies and responds to the needs of a fast-growing nation, former chairman Ratan Tata said in a CNBC TV18 interview on Wednesday.
Source: Reuters | 2017/9/21 21:58:39

‘Made in China’ products gain ground in caviar export market

“Made in China” products are increasingly gaining momentum in foreign countries, even in the caviar sector which has traditionally been dominated by foreign players such as Russia and Iran, said a senior executive of a domestic caviar producer.
Source: Global Times | 2017/9/21 21:58:39

Chinese customers take wait-and-see view of iPhone 8

Three days after Apple unveiled several new phones and new versions of its Apple Watch, orders in China from different platforms are lower than for the iPhone 7, and experts said it would take time for Chinese consumers to decide which device would be worth their money.
Source: Global Times | 2017/9/21 21:53:39

Rise in knowledge-sharing sites supports IP protection

Intellectuals in China may finally have found a way to boost their incomes that in some cases could surpass the earnings of top movie stars: moving their classes, speeches or question-and-answer sessions online for paying subscribers.
Source: Global Times | 2017/9/21 21:53:39