New Chinese Social Security Card To Include Payment, Banking Applications

New Chinese Social Security Card To Include Payment, Banking Applications

China’s new multifunction contactless social security card will support yuan-denominated cash withdrawals, funds transfers and other consumer-oriented banking applications, government officials told reporters at a press conference Aug. 30. Read full article at PaymentsSource (paid...

The Great Risk Race

As Asia’s dynamic markets demand risk management attention and expertise, financial firms rush to fill a talent gap, with particular urgency in China. Three years ago, when Yang Haitao, an experienced financial risk manager,...

Expat fills China’s TV gap online

Expat fills China’s TV gap online

Article originally appeared in The Hollywood Reporter. I love living in Shanghai, but there are three things I really miss about the U.S. I miss driving, though I’m sure I’ll change my mind once...

Another Leap Forward

Another Leap Forward

This article first appeared in Waters. The benchmark Shanghai Composite Index broke 6,000 points on Oct. 17, just as the World Federation of Exchanges held its annual conference in Shanghai. London Stock Exchange CEO...

NYSE, Nasdaq in China

NYSE, Nasdaq in China

Nasdaq and NYSE Get Go-Ahead to Open Offices in China Originally published in Securities Industry News Nasdaq Stock Market has been granted approval to open an office in Beijing, just weeks after the Chinese...

Is China Too Hot to Handle?

Is China Too Hot to Handle?

The Chinese government takes steps to put a lid on an overheated stock market. New Chinese investors are rushing into the stock market like buyers trying to get their hands on an Apple iPhone...

Don't bet it all on China

Don't bet it all on China

Article first appeared in FDM. What’s next for China? Best case, worse case and status quo scenarios are almost equally plausible. Here are eight questions about China’s future. 1. Is China’s growth sustainable? When...

Banking on IT in China

Banking on IT in China

Originally published in Computerworld. In the first 10 months of 2006, Chinese regulators uncovered 776 banking crimes, including 205 cases involving more than 1 million yuan ($125,000 U.S.). Fraud and other irregularities at Chinese...

SunGard Buys Kingstar

SunGard Buys Kingstar

SunGard Buys Chinese Trading Systems Supplier Fudan Kingstar Originally published in Securities Industry News In a sign that the maturing of the Chinese financial markets is creating new opportunities for Western technology suppliers, SunGard...

Foreign Broker Ban

Foreign Broker Ban

China Bars Foreign Brokerage Investments at Least Until Summer Originally published in Securities Industry News From its founding on Dec. 25, 1925 as a spin-off of Osaka Nomura Bank Co., Nomura Securities grew into...