Tech groups transform how finance is done in China - Financial Times

Tech groups transform how finance is done in ChinaFinancial TimesThat is the view of Tang Ning, one such financial entrepreneur and the founder of Creditease, a peer-to-peer lending platform. It is a sign of how far the sector has come in just a few short years. The internet is transforming the Chinese mainland. And ...

UPDATE 1-China may have 1000 tonnes of gold tied in financing - WGC - Reuters 1-China may have 1000 tonnes of gold tied in financing - WGCReutersSINGAPORE, April 15 (Reuters) - Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big slice of imports has been used to raise funds due to tight credit conditions, rather than ...Gold paves streets for China's rising urban middle Slips Nearly 2 Pct As Dollar Firms, China Demand WiltsFox BusinessGold struggles below $1300; China demand concerns growEconomic TimesGeelong Advertiserall 146 news articles »

China's financial distress turns all too visible - Financial Times

XinhuaChina's financial distress turns all too visibleFinancial TimesTrend growth is slowing down, and markets have been shaken up by the actions of the People's Bank of China (PBoC), which is trying to tame a virulent credit boom. The incidence of financial distress is rising and becoming more visible. The recent drop ...New Zealand finance chiefs welcome Chinese currency trade agreementXinhuaPeople's Bank of ChinaThe Economistall 469 news articles »

Russia, China aiming for dollar's demise: Jim Rickards - Yahoo Finance (blog), China aiming for dollar's demise: Jim RickardsYahoo Finance (blog)Currency Wars detailed a Pentagon-sponsored excercise Rickards took part in back in 2009 -- the Pentagon's first-ever financial war game -- where players could not use actual, physical weapons like bombs, but could only use financial weapons like ...Chinese currency moves into big leagueNew Zealand Heraldall 23 news articles »

China Backs Financial Aid for Ukraine - Voice of America

China Backs Financial Aid for UkraineVoice of AmericaChinese Vice Finance Minister Zhu Guangyao told a small group of Western journalists on the sidelines of the IMF-World Bank spring meetings in Washington it was a "worry'' that more than 85 percent of IMF lending was currently focused on Europe.Chinese Finance Official: Please Excuse Us While We Renovate Our EconomyWall Street Journal (blog)Finance officials express hopes for growthChina PostTop finance officials confident world has turned cornerSouth China Morning PostReuters -WRAL.comall 959 news articles »

Salary insight: finance workers enjoy higher pay - ecns

ecnsSalary insight: finance workers enjoy higher payecnsSalaries in China's first-tier cities are substantially more than those in second and third tier cities; the finance and real-estate industries are most likely to offer high-paying jobs; salaries in the finance industry are more than 10 times average ...and more »

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Features - Editor, 2 April 2014

China Promotes New-Energy Vehicles

In an effort to boost sales of electric-powered cars, China is reportedly considering cutting or waiving the 10 percent purchase tax applicable to new car purchases. The promotion of what China refers to as 'new-energy vehicles' is part of the drive to reduce the country's dependence on fossil fuels, while at the same time addressing the ongoing, and worsening, problem of air pollution. Shares of China's biggest electric car manufacturer, BYD Co. Ltd. (1211:HK) have risen in Hong Kong trading in response to indications that the government is determined to increase efforts at promoting new-energy vehicles.


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Trade - Editor, 19 March 2014

Developer's Default Indicative of Economic Slowdown

In addition to experiencing a slowdown in its property sector, China's property market received a blow this week with the collapse of real estate developer Zhejiang Xingrun Real Estate Co. Two weeks ago Shanghai Chaori Solar Energy Science & Technology Co warned in a stock market filing that the company is unlikely to meet its interest payment of 89.9 million yuan (US$14.6 million) on the due date of March 7 – and indeed they were not able to, resulting in the country's first domestic bond default. Some analysts note that these are signs that China's economic growth is on a path of slowing down, while others warn that this may be likened to the Bears Stearns scenario in 2008, setting off the risk management meltdown of the investment bank industry on Wall Street.


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News - Editor, 5 March 2014

China Becomes India's Top Trading Partner

A recent report by the New Delhi-based industry trade group, the PHD Chamber of Commerce, reveals that China has replaced the United Arab Emirates as India's top trading partner, with Indian-Sino trade hitting $49.5 billion in the current fiscal year's first nine months. Referred to as "South-South" trade, this inter-regional trend among Asian countries reached $4.7 trillion in 2013, as noted in the United Nations Conference on Trade and Development (UNCTAD) Handbook of Statistics 2013. South-South trade accounts for more than 25 percent of total world exports.


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