Ezubao owner Ding Ning is one of 21 people arrested over what could be the biggest financial fraud in Chinese ... - NEWS.com.au

NEWS.com.auEzubao owner Ding Ning is one of 21 people arrested over what could be the biggest financial fraud in Chinese ...NEWS.com.au... citing police as estimating 900,000 investors had fallen victim to the scam. Ezubao claimed to be a peer-to-peer lender, which matched investors with potential borrowers over the internet, and had quickly become China's leading online financing ...Chinese company accused of $7.6B financial fraudUSA TODAYChinese Ponzi Scheme: Online Finance Company Ezubao Cheated Nearly 1M Investors Of $7.6BInternational Business TimesOnline Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China SaysNew York TimesFinancial Times -Telegraph.co.uk -BBC Newsall 393 news articles »

China foreign exchange reserves hit more than 3-year low - Financial Times

Financial TimesChina foreign exchange reserves hit more than 3-year lowFinancial TimesChina's foreign exchange reserves dropped by nearly $100bn last month to the lowest level since May 2012 as Beijing continued to sell dollars to support its currency and stem capital outflows. Fears about the slowing economy and slumping asset prices ...Holding Back China's Capital Flight 'Dam' Is KeyBloombergThis is China's next market hurdleCNBCDo China's Global Economic Ambitions Really Threaten the US?World Politics ReviewNewsmax -IndustryWeekall 313 news articles »

China's financial giants hammered in discipline review - South China Morning Post (subscription)

South China Morning Post (subscription)China's financial giants hammered in discipline reviewSouth China Morning Post (subscription)Among the 21 financial regulators and institutions that came under review, China Development Bank, the country's biggest policy bank, and China Investment Corporation, the mainland's sovereign wealth fund, are among the major fund contributors to the ...and more »

China's Biggest Ponzi Scheme Shows Rot in Internet Financing - Bloomberg

BloombergChina's Biggest Ponzi Scheme Shows Rot in Internet FinancingBloombergAlmost overnight, Ding Ning and Zhang Min struck it rich with the hot new thing in Chinese finance. In 18 short months, they transformed an old-line industrial company into an Internet phenomenon through the seeming magic of peer-to-peer lending. It ...The Ezubao scam: A sign of deeper problems in China's financial systemWorld Socialist Web SiteIt's a Chinese Ponzi scheme that should really scare usTelegraph.co.uk$7.6 Billion P2P Lending Scam Flames Out In ChinaCryptoCoinsNewsYahoo Singapore News -Reutersall 89 news articles »

China's Lunar New Year traditions offer lessons in personal finance - CBC.ca

CBC.caChina's Lunar New Year traditions offer lessons in personal financeCBC.ca"In China, we have a saying," says Li. "You get successful first. Then you get married." The envelopes, which typically contain $5 to $20 each, are meant to set a financial foundation for the recipients in order for them to become successful. "It ...Bitcoin Traders Take Note: Happy Chinese New YearFinance MagnatesChinese visit temples, fairs to ring in Year of the MonkeyYahoo News UKall 1,412 news articles »

Dollar tumbles as Fed rescues China in the nick of time - Telegraph.co.uk

Telegraph.co.ukDollar tumbles as Fed rescues China in the nick of timeTelegraph.co.ukThe latest shift in dollar positioning came after the New York Fed chief, Bill Dudley, said this week that market ructions have led to ?considerably tighter? financial conditions since December and that any further rise in the dollar could have ...and more »

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Features - Editor, 22 October 2014

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported by the Ministry of Commerce of China and People’s Government of the Guangdong Province. To accommodate the more than 150,000 different products showcased by more than 55,800 exhibitors, the Canton Fair is split into three sessions. Phase 1 of the current Canton Fair took place on October 15-19 and included Electronics & Household Electrical Appliances; Lighting Equipment; Machinery, Vehicles & Spare Parts; Hardware & Tools; Chemical Products; Energy Resources; and Building Materials. Phase 2 is set to take place on October 23-27 featuring Consumer Goods; Gifts; and Home Decorations. Phase 3 on October 31 to November 4 includes Office Supplies; Recreation Products; Cases & Bags; Food; Textiles & Garments; Shoes; and Medicines, Medical Devices & Health Products.


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Trade - Editor, 24 September 2014

China's Economic Growth Slows, Shadow Lending Grows

A recent report published by New York-based research company China Beige Book (CBB) revealed that China's economic growth is faltering, despite the government's 'mini-stimulus' strategies launched in May, which included a more relaxed approach to lending and a wave of infrastructure investment projects. The CBB report, which is compiled from surveys of more than 2,100 firms around China, noted that less than 20 percent of the firms surveyed borrowed in the third quarter, whether it be from the bond market, banks or shadow finance firms, which is a drop of 29 percent when compared to the third quarter of 2013. The report also shows that capital expenditures have dipped to the lowest level since the CBB survey began in 2012.


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News - Editor, 10 September 2014

China's e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of the new venture with Baidu and Tencent each holding 15 percent. The aim is to tap into China's e-commerce market, which is reportedly the largest in the world and currently dominated by Alibaba. The collaboration between the three companies will create the world's biggest online-to-offline (O2O) e-commerce platform, where people use their mobile devises to locate and buy goods and services, often while they are in or nearby the physical store.


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