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China State Firms' Profits Dent in Q1
Apr 28, 2016Many of China's state-owned enterprises (SOEs) reported drops in profits in Q1, as building materials, electronics and tobacco firms reported large profit declines, Ministry of Finance data showed on Tuesday. The combined profits of ...
Tags: state-owned enterprises, electronics, building materials
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China's New Yuan Loans Drop in Feb.
Mar 12, 2016China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...
Tags: China's New Yuan, new loans
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FDI in The Chinese Mainland Jumped 17% in The First Two Months of 2015
Mar 17, 2015Foreign direct investment (FDI) in the Chinese mainland jumped 17 percent year on year in the first two months of 2015, settling at 22.48 billion U.S. dollars, the Ministry of Commerce (MOC) announced Tuesday. The pace slowed from a 29.4 ...
Tags: China's FDI, service sector
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Jinling Bank Gained Pre-Approval From The State Administration
Oct 21, 2013The name of "Jinling Bank Co., Ltd.", co-sponsored by Sanpower Group and Yurun gained pre-approval from the State Administration for Industry and Commerce, marking private capital takes a step forward to enter the banking. This July 5, ...
Tags: Bank, Jinling Bank
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China's Cabinet Is Throwing More Support Behind Small and Micro-Sized Businesses
Aug 16, 2013China's Cabinet is throwing more support behind small and micro-sized businesses by emphasizing more financing innovation and credit for the cash-thirsty private sector. 8 detailed targets have been released by the State Council, ...
Tags: China Reiterates
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ISO Enhanced Its Cyber Liability Insurance Product to Introduce New Insurance Policies
Aug 2, 2013Insurance Services Office (ISO), a provider of actuarial and underwriting information, has enhanced its cyber liability insurance (e-commerce) product to introduce new insurance policies for firms with a media liability exposure. The new ...
Tags: Cyber Liability Insurance, ISO
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Jiangsu Is Said to Establish a Province-Level Asset Management Firm
May 23, 2013Jiangsu, a coastal province in east China, is said to establish a province-level asset management firm. People close to Jiangsu Guolian Development (Group) Co., Ltd., a solely-owned state investment platform of the province, confirmed the ...
Tags: jiangsu, Province-Level ABC
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MetLife, Manulife Are Understood to Be The Potential Bidders to Acquire a Major Stake
May 10, 2013Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...
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Gigastorage Suggests Four Ways Government Can Take to Address The Country's Energy Issues
Mar 11, 2013The necessity of having nuclear power plants has been under debate recently in Taiwan. Taiwan-based solar wafer maker Gigastorage has suggested four ways that the government can take to address the country's energy issues: increase solar ...
Tags: Gigastorage, Taiwan Government, Solar Installation Limit
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Softbank Has Sold off a Large Portion of a Local Carrier It Acquired Just Weeks Ago
Jan 21, 2013Softbank has sold off a large portion of a local carrier it acquired just weeks ago, as it looked to assuage fears over its expanded control of Japan's wireless spectrum. The company, which runs one of Japan's largest mobile operators, ...
Tags: Softbank, wireless spectrum, eAccess
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A Partnership of N.Y City Businesses Put out a Call for Innovative Financial Techologies
Dec 26, 2012IDG News Service - A partnership of New York City businesses has put out a call for innovative financial technologies. Sponsored by The Partnership for New York City Fund and Accenture, the FinTech Innovation Lab seeks novel technologies ...
Tags: financial technologies, FinTech Innovation Lab, financial services
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Sunny Nair Knew He Wanted to Move to VMware's Virtualization Technology
Dec 19, 2012From the moment he walked in the door at BancVue in December 2010, Sunny Nair knew he wanted to move the financial services software company from Microsoft's Hyper-V to VMware's virtualization technology. The company was having trouble ...
Tags: Microsoft, VMware, virtualization technology, financial firms
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Finance Firms Are Increasingly Looking to Decades-Old Microwave Technologies
Dec 10, 2012IDG News Service-In the world of high-frequency trading,where being ahead of the competition by a few milliseconds can mean profits worth millions of dollars,finance firms are increasingly looking to decades-old microwave technologies for a ...
Tags: Microwave vies, high-frequency trading, fiber, microwave technologies
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US Treasury Has Set an Offer Price of 30.50 Per Share for 163,934,42 Shares
Dec 4, 2012American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
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Fubon Financial Holding May Win out in The Scramble Among Taiwanese Financial Holdings
Sep 24, 2012Taipei,Sept.24,2012(CENS)--Fubon Financial Holding may win out in the scramble among Taiwanese financial holdings for Taiwanese-invested First Sino Bank in mainland China.Fubon Financial Holding may be able to acquire over 50%stake in First ...