FINANCE & ECONOMICS

PBOC Punishes Payment Companies for Mishandling Bank Card Transactions
Firms broke rules for parties on the receiving end in payment processing, a central bank source says
By staff reporter Zhang Yuzhe 09.16.2014

Nanjing Joins Cities Dumping Limits of Home Purchases

Jiangsu's capital ends curbs put in place in early 2011 after official data show prices fell for the third straight month in August

09.22.2014
Media Watch: Xinhua, People's Daily in Rare Tussle, over Rate Cuts

Media Watch: Xinhua, People's Daily in Rare Tussle, over Rate Cuts

The state media giants get into flap over whether it might be OK for the central bank to cut interest rates amid slowing economy

09.19.2014
After Years of Dominance, UnionPay's Enemies Arrive at the Gates

After Years of Dominance, UnionPay's Enemies Arrive at the Gates

The country's long-established bank card company is facing challenges from resourceful rivals at home and foreign firms from abroad

09.18.2014

500 Bln Yuan Question: Is PBOC Going to Ease Liquidity for Certain Banks?

Bankers and analysts wonder if central bank is going to use special lending tool in wake of poor economic results for August

09.18.2014
Harvest Announces Closed-End Fund to Invest in Sinopec Sales Company

Harvest Announces Closed-End Fund to Invest in Sinopec Sales Company

Harvest Yuanhe will be worth 10 billion yuan and half of that will be devoted to Sinopec stake

09.17.2014
PBOC Punishes Payment Companies for Mishandling Bank Card Transactions

PBOC Punishes Payment Companies for Mishandling Bank Card Transactions

Firms broke rules for parties on the receiving end in payment processing, a central bank source says

09.16.2014

Graphic: Staying Competitive

China inches up WEF list of competitive economies, landing at No. 28 this year, but problems in financial sector and government efficiency were cited as holding it back

09.12.2014

HK Regulator Takes Legal Action against CITIC over Investor Losses

SFC starts legal proceedings against state-owned giant for allegedly giving investors false or misleading information

09.12.2014
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