china

China, officially the People's Republic of China, is a country in East Asia and the world's most populous country, with a population of around 1.404 billion in 2017. Covering approximately 9,600,000 square kilometers, it is the third or fourth largest country by total area.

PBOC Says Number of High-Risk Banks to Fall as It Cracks Down

PBOC Says Number of High-Risk Banks to Fall as It Cracks Down
PBOC Says Number of High-Risk Banks to Fall as It Cracks Down
March 03, 2022  |  Banking

The People’s Bank of China (PBOC) said Thursday (March 3) that it expects to see a continuing drop in the number of high-risk banks across...

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WeDoctor Cuts Jobs After IPO Delay
WeDoctor Cuts Jobs After IPO Delay
March 03, 2022  |  IPO

Chinese healthcare platform WeDoctor will lay off a large number of its workers after plans for an initial public offering (IPO) were put on hold....

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Russian Companies Scramble to Open Chinese Bank Accounts
Russian Companies Scramble to Open Chinese Bank Accounts
March 03, 2022  |  Cross-border Payments

Russian companies are scrambling to open accounts with a Chinese state bank in Moscow as a way to escape international sanctions imposed following Russia’s invasion...

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EMEA Daily: China Will Sit Out Russia Sanctions; UK Regulator Bans Crypto Floki Inu Ad
EMEA Daily: China Will Sit Out Russia Sanctions; UK Regulator Bans Crypto Floki Inu Ad
March 02, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, count China out of joining the West’s sanctions against Russia for its war on Ukraine, and...

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China Will Sit Out Russia Sanctions, Regulator Says
China Will Sit Out Russia Sanctions, Regulator Says
March 02, 2022  |  Cross-border Payments

China is opposed to unilateral financial sanctions against Russia and will not join Western countries in imposing them, the head of the country’s banking and...

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Chinese B2B eCommerce Firm ICZoom Plans IPO
Chinese B2B eCommerce Firm ICZoom Plans IPO
March 01, 2022  |  IPO

Chinese B2B eCommerce platform ICZoom has filed to raise about $22 million through an initial public offering (IPO) in the U.S. Get the Full Story...

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China Court Rules Crypto Transactions ‘Illegal’; Violators Face 10 Years in Prison
China Court Rules Crypto Transactions ‘Illegal’; Violators Face 10 Years in Prison
February 24, 2022  |  Cryptocurrency

China’s Supreme Court this week set penalties for violating recent prohibitions against engaging in cryptocurrency transactions. Get the Full Story Complete the form to unlock...

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Hong Kong’s Virtual Banks Woo Customers With Cash Prizes, Numberless Credit Cards
Hong Kong’s Virtual Banks Woo Customers With Cash Prizes, Numberless Credit Cards
February 23, 2022  |  Banking

Several virtual banks have been gaining advantage in Hong Kong by luring consumers to leave brick-and-mortar lenders, The Wall Street Journal reported Wednesday (Feb. 23)....

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