Also on Monday, financial markets in China will remain closed for a holiday along with South Korea, India and Hong Kong and the UK is to release data on manufacturing activity. Last week, gold prices…
Monthly Archives For October 2017
China cuts banks’ reserve requirement
A much higher bar is set for a further 100 bps cut: 10 per cent of loans must be to the designated “inclusive finance” groups, the PBOC said. Banks that meet the 10 per cent…
More fintech firms seen to launch Hong Kong IPOs
The head of JP Morgan’s global investment banking division in China said more Chinese financial technology firms may follow Zhong An Online Property and Casualty Insurance’s lead in launching initial public offering (IPO) in Hong…
China proven gold reserves at 12,100 tonnes at end-2016
SHANGHAI: China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association. China has been the world’s biggest…
Taiwan concert clash reveals divisions over China’s outreach
TAIPEI, Taiwan — Police are looking for a final suspect involved in clashes at a Chinese-organized concert in Taipei between Taiwanese pro-independence protesters and Beijing supporters that revealed divisions over China’s influence on the self-ruled…
Asian shares gain on strong factory data for China, Japan
TOKYO — Shares in Asia are higher after China and Japan reported stronger- than- expected factory data. Markets in China, Hong Kong, India and South Korea were closed Monday for national holidays. KEEPING SCORE: Japan’s…
World War III With China
China’s Challenge Indeed, military tensions between the two … provocative patrols between New York and Newport News. Simultaneously, a half-dozen Grigorovich-class missile frigates from Russia’s Black Sea fleet, escorted by an undisclosed number … (…
New force behind China’s shifting economic landscape
The success of Youon’s IPO was an epitome of quiet but ubiquitous changes to … At the exit of Anheqiao North subway station in the remote northwestern corner of Beijing, a bicycle jungle forms in…
China’s Pollution Curbs May Start Slowing Growth Within Months
China’s drive to cut pollution could reduce economic growth by 0.25 percentage point in the next six months while boosting factory inflation, according to Societe Generale SA. Production cuts to curb emissions and tougher nationwide…
China Freight Train Arrives in Tehran: Six More Planned by Yearend
China will send six more cargo trains to Iran through the Kazakhstan-Turkmenistan route by the end of 2017. Director of Transportation Department at the Islamic Republic of Iran Railways Ebrahim Mohammadi made the announcement on…
China steps up battle against runaway property prices
Chinese banking regulators have told lenders to crack down on the use of consumer loans to finance home purchases, the latest effort to cool down the overheated property market and rein in financial risk. In…
China’s massive property bubble creates mad scramble to take on decades of debt
Massive infusions of cash by way of the central bank, combined with runaway mass panic-buying has stampeded Chinese people into buying into the property markets in boomtowns like Shenzhen, despite the insane prices that almost…
Tillerson Plays Good Cop on North Korea in Beijing Trip
Secretary of State Rex Tillerson’s public acknowledgment that the U.S. has direct channels to North Korea has underscored his role as an administration moderate when it comes to reining in the regime over its nuclear…
