Lending Platform China Rapid Finance Raises $35M Series C At A $1B Valuation - TechCrunch

TechCrunchLending Platform China Rapid Finance Raises $35M Series C At A $1B ValuationTechCrunchChina Rapid Finance, which claims to be the country's largest online consumer lending marketplace, has closed a $35 million Series C led by Broadline Capital. The round pegs the company's pre-money valuation of $1 billion. China Rapid Finance is ...

China's stock-market crash has come at the worst possible time for Beijing - Business Insider

Business InsiderChina's stock-market crash has come at the worst possible time for BeijingBusiness InsiderTo make it worse, the growth China does see now is increasingly reliant on debt. Here's veteran China watcher and former UBS chief economist George Magnus in the Financial Times earlier in July: Another large drop will probably mark a loss of ...China losing control as stocks crash despite emergency measuresTelegraph.co.ukChina stock rescue suffers exit woundsFinancial TimesIs China Securities Finance Corp. villain of stock market rout?Asia TimesYahoo Finance UK -Yahoo News -Express.co.ukall 2,023 news articles »

China's Yuan Pushes Deeper Into Global Financial System - Wall Street Journal

Wall Street JournalChina's Yuan Pushes Deeper Into Global Financial SystemWall Street JournalChina's domestic stock market may be in turmoil but the country's currency, known as the yuan or renminbi, is making a seemingly relentless push deeper into the global financial system. The latest step: the London Metal Exchange, the world's largest ...Trigger for global shift into renminbiFinancial TimesWith China Banks Pinched by Rescues, PBOC Aids State AlliesBloombergWhat wider trading band when yuan is frozen?South China Morning Post (subscription)all 87 news articles »

China seeks to tame online finance risks - Financial Times

Financial TimesChina seeks to tame online finance risksFinancial TimesChina's move to regulate internet finance is a positive step towards legitimising a sector that has largely operated in a vacuum, analysts say, but the rules also reflect the government's support for incumbent banks. Ten agencies including the central ...China Finalizes Internet Finance RegulationsPYMNTS.comFinance at China's FingertipsThe Market MogulChina's unregulated P2P lending sites are still spreading financial instabilityChina Economic ReviewWantChinaTimes -China Money Networkall 11 news articles »

Business live: Yanis Varoufakis defends secret plan B; Chinese stocks tumble ... - The Guardian

The GuardianBusiness live: Yanis Varoufakis defends secret plan B; Chinese stocks tumble ...The GuardianGreece's former finance minister, Yanis Varoufakis, has been thrust back in the spotlight as he vigorously defended plans to launch a parallel payment system in the event of the country being ejected from the euro. Saying it would have been ?remiss? of ...and more »

Capital exodus from China reaches $800bn as crisis deepens - Telegraph.co.uk

Telegraph.co.ukCapital exodus from China reaches $800bn as crisis deepensTelegraph.co.ukCaixin says the China Securities Finance Corporation - a branch of the regulator - now owns an estimated $200bn of Chinese stocks and has authority to buy a further $500bn if necessary to prop up the market. This use of "brute force" - in the words of ...The Meaning of China's Stock Market InterventionBloombergNervous about a stock slide? Cut your risksDallas Morning Newsall 78 news articles »

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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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