Category: Finance

Finance, accounting and all other money-related issues for US businesses in China.

Postal Savings Bank of China Starting $10 Billion Hong Kong IPO

Shuang Shan Postal Savings Bank of China (PSBC)—the sixth largest lender in China—began accepting proposals for its $10 billion Hong Kong IPO on Tuesday and will continue to do so through Friday. The PSBC IPO will be the largest financial...

/ January 21, 2016
Tianjin port

Tianjin Explosions May Spur Billions in Insurance Claims

By Lauren Dodillet A series of blasts in Tianjin on August 12th may cue billions of dollars in insurance claims. The explosions rocked the world’s third-largest port last Wednesday and burned into the weekend, the result of currently unknown circumstances...

/ August 20, 2015

Wanda Group Raises $805 Million in Just Three Days

By Natalie Polk Dalian Wanda Group, China’s largest commercial property developer, raised $805 million to finance the construction of shopping malls across China in only three days—leveraged almost entirely through Internet crowdfunding. Wanda used Internet financing app  Stable Earner No.1...

/ June 26, 2015
Grape Harvest

China, Australia Sign Free Trade Agreement

By Lauren Dodillet Chinese President Xi Jinping and Australian Prime Minister Tony Abbott met last week in Canberra to sign a landmark Free Trade Agreement (FTA) between their two countries. A decade in the making, the deal gives China the...

/ November 24, 2014

Internet Finance in China: Will it Disrupt Traditional Banking?

By Ana Swanson Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested ¥3,000 ($483) in a new online investment service called Yu’e...

/ July 21, 2014

Banking Abroad

Chinese banks are employing various strategies as they march into international markets by Jonathan Calkins Industrial and Commercial Bank of China (ICBC), the world’s largest bank by market value, received final approval from US regulators in May 2012 to purchase...

/ July 8, 2013

US-China Venture Capital Partnerships

US and Chinese venture capital firms can help each other access broader markets and realize higher returns on their investments.by Tharon SmithChinese and US enterprises are searching for ways to collaborate and build high-performing global companies, and partnerships are the...

/ October 1, 2012

Rating China’s Economy

The CEO of Moody’s discusses China’s evolving credit system, economic performance, and liberalization of the country’s financial services sector.Moody’s Corp.—a global provider of credit ratings, research, tools, and analysis of financial markets—rates and tracks debt covering more than 110 countries....

/ October 1, 2012

When One Credit Door Closes, Another Opens

As the Chinese government has tightened its lending policies, property developers and other enterprises have turned to private and informal lenders.by Eve CaryIn September 2011, the president of Zhejiang Center Group Co. Ltd., the largest eyeglasses maker in China based...

/ October 1, 2012

China’s Property and Casualty Insurance Market Set to Take Off

China’s insurance market is expanding steadily, and foreign companies must build up their operations to remain competitive. by Eric Zheng At a property insurance policy meeting in Shanghai, an insurance company representative asked a policy holder whether he would renew...

/ April 1, 2011