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October16
US House passes act in support of Hong Kong protesters
The House of Representatives on Tuesday voiced strong support for pro-democracy protesters in Hong Kong by passing a measure that would require the US executive branch to conduct annual reviews of the situation in the territory to determine if it should continue to receive preferential trade status from Washington.
China Threatens to Retaliate if U.S. Passes Hong Kong Bill
China threatened to retaliate if the U.S. Congress follows through with passing legislation that would require an annual review of whether the city is sufficiently autonomous from Beijing to justify its special trading status.
SoftBank is trying to revive WeWork
SoftBank, the biggest shareholder in WeWork, has hired restructuring bankers at Houlihan Lokey in an effort to revive the troubled property rental company, said people briefed about the matter.
China Ties Agriculture Binge to Trump Reducing U.S. Tariffs
Beijing wants a rollback in tariffs in its trade war with the U.S. before China can feasibly agree to buy as much as $50 billions of American agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said.
Regulator Flags Risks of Concentration in Private Equity
The highly concentrated ownership of China’s $2 trillion private equity industry has drawn regulators’ attention for potential risks of connected-party transactions and opaque capital flows, sources close to the matter said. The Asset Management Association of China (AMAC), a self-regulatory association of fund management companies, warned at a recent internal meeting that some companies have set up expansive webs of private fund management operations to handle complex investment and fundraising, posing systemic risks.
IMF Global Growth Outlook to Decade-Low of 3%
The International Monetary Fund made a fifth-straight cut to its 2019 global growth forecast, citing a broad deceleration across the world’s largest economies as trade tensions undermine the expansion.
Facebook admits digital currency doubts as regulatory hurdles loom
Facebook will struggle to secure regulatory approval to meet Libra’s planned 2020 launch date, in the latest blow for the ailing social network’s digital currency project.
Citi to Set Up Wholly Owned Securities Business in China
Citigroup Inc., which is dissolving its investment-banking joint venture in China, is now planning to set up a wholly owned securities business in the world’s second-largest capital market, according to people with knowledge of the matter.
JPMorgan Flexes Muscle as Goldman Stumbles
JPMorgan Chase & Co. shares touched a record high following a strong third-quarter earnings report, underscoring the continued solid performance of the largest U.S. lenders at a time of global tensions and economic worries.
McDonald’s and Starbucks pour millions into eco-friendly cup hunt
McDonald’s and Starbucks are pouring millions of dollars into developing eco-friendly alternatives to disposable coffee cups while struggling to find products that can be mass produced, as a global crackdown on plastic gathers pace.
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Big data-driven Business Credit Evaluation in China

China’s relatively young business credit reporting industry is embracing approaches driven by big data and artificial intelligence. And some efficient credit risk evaluation and new risk management systems developed have been widely adopted by China’s fast-growing and innovative online business credit industry.

Tracey Xiang

Big data-driven Business Credit Evaluation in China

Tracey Xiang

China’s relatively young business credit reporting industry is embracing approaches driven by big data and artificial intelligence. And some efficient credit risk evaluation and new risk management systems developed have been widely adopted by China’s fast-growing and innovative online business credit industry.

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