eastern Europe
China allows first foreign loan provider
Submitted by loner on 3 December, 2010 - 7:57am- AIG
- Alexander Labak
- Bank
- Bank of Beijing
- Bank of China
- banking
- Beijing
- BNP Paribas
- Chengdu
- China
- Citigroup
- CNY
- eastern Europe
- electronics
- finance
- General Electric
- Home Credit Group
- HSBC
- Jamil Anderlini
- mobile phones
- Orient Securities
- retail
- Russia
- Shanghai
- the Financial Times
- the Financial Times
- Tianjin
- USD
- Wang Mingfei
By Jamil Anderlini in Beijing
Published: November 30 2010 22:49 | Last updated: November 30 2010 22:49
Home Credit Group, a Czech company operating mainly in Russia and eastern Europe, has beaten some of the world’s largest financial groups to become the first foreign company to set up as a consumer finance lender in China.
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Policies may boost savings more than culture
Submitted by loner on 8 July, 2009 - 4:05pmWith a rise in US savings putting unbearable pressure on China's low consumption rate, leading to the risk of a collapse in China's ability to export its overcapacity, the question about why Chinese households save so much of their income has become more important than ever.
Everyone seems to know the answer. Chinese households save, many insist, because the Confucian culture encourages saving for the future. Saving is deeply and culturally imbedded in the Chinese psyche.
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What did I say then?
M&A dearth threatens jobs | FT (3 years 15 weeks ago):
Going, going, going.......
"The pressure for investment banks to continue cutting jobs lo...
