Company Overview and News
Analyst says the rise and fall of Wu Xiaohui, who made his fortunes with links to China’s old guard, reflects the changing political landscape under President Xi Jinping
SHANGHAI (Reuters) - China’s central bank said it will let some commercial banks temporarily keep fewer required reserves to help them cope with the heavy demand for cash ahead of the Lunar New Year holiday, a step that analysts say does not signal any policy shift.
Chinese banks desperate to clean up their books have come up with a new trick to raise much-needed equity.
Ladies and gentlemen, thank you for standing by, and welcome to the China Finance Online 2017 Q3 Earnings Conference Call. At this time all participants are in a listen only mode. Operator Instructions] I must advise you that this conference is being recorded today, Wednesday, the 14 of November 2017 -- excuse me, Wednesday, the 15 of November 2017.
Huaxia Life Insurance, controlled by troubled mainland tycoon Xiao Jianhua, has increased its stake in China Minsheng Banking Corp, it said in a filing to the Hong Kong stock exchange.
BEIJING (Reuters) - China's new loans in July fell to their lowest in 8 months due to property curbs that have cooled mortgage lending and seasonal effects, reinforcing views economic activity will slow in the second half.
Swatch Group, which claims to be the world’s largest watch maker, has launched the second generation of its chip-embedded devices that can be used for mobile payments in China, after teaming with UnionPay to offer “Swatch Pay”.
Rules intended to clamp down on shadow banking are likely to result in rising defaults among wealth management products, raising concerns whether banks will guarantee the investments
BEIJING, June 14, 2017 /PRNewswire/ -- Several days previously, Coolqi Bike - hailed as a titan of innovative technology - held a launch event at Peking University entitled "Redefining the Future of Travel", where it unveiled the Gold Edition of its unmistakable smart shared bikes. Though not the originator of shared bikes, Coolqi Bike (which was founded in 2016) is constantly surpassing its predecessors, and the launch of the Gold Edition marks its pioneering entry into the smart era.
For the past few years, Chinese banks boosted their assets at a rapid clip, mainly by disguising loans as investments. But as the expansion has slowed considerably in recent months, industry insiders are beginning to flag concerns.
Big four and China Merchants Bank did well in the first quarter, while other mid-sized banks saw margins shrink
Insurance conglomerate Anbang has said it will take legal action against Chinese financial magazine Caixin and its editor-in-chief, Hu Shuli.
“In The Name Of The People 人民的名义” is very entertaining and effective propaganda TV miniseries about corruption in the PRC. I have now watched through episode 36 and highly recommend it. In episode 36 a princeling and a provincial official’s mistress flee to Hong Kong and take up residence at the “Three Seasons Hotel”, an obvious reference to the PRC moguls trying to ride out possible storms at Hong Kong’s Four Seasons Hotel.
China has taken a small step to relax its controls over yuan outflows, sources told the South China Morning Post, reflecting that Beijing is seeing a smaller risk of capital exodus and greater market confidence in the value of the yuan.
The disappearance of 3 billion yuan (US$436 million) from China Minsheng Bank's private banking accounts has once again highlighted Chinese banks' weak internal controls and the risks associated with the sale of so-called "innovative" wealth-management products on the mainland.
2018-05-21 - Asif
Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
2018-05-21 - Asif
Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...