China’s more than $50 trillion financial services industry. Even a sliver can be lucrative. Not long ago Bloomberg Intelligence estimated that foreign banks and securities firms could be raking in …
How India and China are vying for influence in the Maldives with mega-bridge projects
China’s expanding footprint in the Maldives has unsettled neighboring India, which views the region as part of its traditional sphere of influence — and at risk of being pulled away from its orbit.
Sri Lanka and China discuss consolidating bilateral relations
Foreign Secretary Admiral Prof. Jayanath Colombage together with Vice Minister of the Ministry of Foreign Affairs of China, Luo Zhaohui, chaired the 11th session of the diplomatic consultations …
China foreign minister to meet Japan’s Suga; Beijing’s first high-level contact with new PM
TOKYO (Reuters) – Chinese Foreign Minister Wang Yi will meet Japanese Prime Minister Yoshihide Suga on Wednesday, marking Beijing’s first high-level contact with Japan’s new leader. Wang met his …
Luxury fans in China chase neat shot of investment with vintage Moutai liquor
As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editions of fiery domestic liquor Moutai, not to drink but to …
As political activists face jail, Hong Kong’s markets are booming
The fear is as palpable as the finance frenzy. Beijing’s representative in Hong Kong, Luo Huining, announced on the eve of China’s October 1 National Day that Hong Kongers must now love China out of …
China Makes a Safe Space for Consumers. Will They Spend?
Earlier this month, China loosened restrictions on licensed consumer finance companies to enable lower provision coverage ratios. That would allow them to lend more, and help consumers borrow more.
Indonesia’s Kredivo closes up to $100m debt facility
Kredivo announced the closing of a committed debt facility of up to US$100 million with US-based private credit firm Victory Park Capital Advisors for the startup’s consumer loans business in …
China, Japan to lift restrictions on business travel
China and Japan have agreed to “fast track” business travel between the two countries after Chinese Foreign Minister Wang Yi met with his Japanese counterpart in Tokyo.
China, Japan to resume two-way business travel by month’s end
Chinese Foreign Minister Wang Yi and his Japanese counterpart, Toshimitsu Motegi, agreed to resume business travel through a programme that will allow visitors to engage in limited activities during …