SHANGHAI (Reuters) – China’s central bank lent 463 billion yuan ($72.43 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), with interest rates unchanged, it said in a statement. The fund…
Monthly Archives For June 2018
China Hongqiao Inks $4.7 Billion Financing Deal With Industrial Bank
BEIJING — China Hongqiao Group, the world’s biggest aluminium producer, said it has signed a financing agreement with Industrial Bank Co Ltd worth 30 billion yuan (3.51 billion pounds) as it looks to upgrade its…
Macau Casinos Drop for Fourth Day on China Crackdown Speculation
Industrial and Commercial Bank of China (Macau) Ltd. said in an emailed statement Wednesday the bank took action to remove non-compliant machines. Checks of so-called POS systems are routine, it said, and the proportion of…
China reportedly offered to buy nearly $70 billion of US agriculture, energy products
China would buy nearly $70 billion worth of U.S. agriculture and energy products if the Trump administration steps back from tariffs, The Wall Street Journal reported Tuesday, citing sources briefed on the latest talks with…
China institutes on US campus: Fount of learning or threat?
For critics, like Republican Sen. Marco Rubio, they present a threat to academic freedom and a spy risk. As tensions between the U.S. and China rise over trade and security, perceptions vary wildly about educational…
Big four focus on Yangtze 5G tech project
China Mobile, China Unicom, China Telecom and China Tower Corp said they would build up a globally pioneering 5G application network across the Yangtze River Delta region by 2021. [File photo/Xinhua] China’s big four telecom…
Nation to bolster intellectual property protections
[Photo/IC] China will strengthen its protection and management of intellectual property, accelerate the commercialization process, and help improve global IP protection practices and standards, officials said on Tuesday. Tuesday marks the 10th anniversary … (…
China achieves remarkable success in IPR protection: official
China has achieved remarkable results in intellectual property right (IPR) protection, according to an official at the State Intellectual Property Office Tuesday. Shen Changyu, head of the office, made the remarks at a forum in…
Are China’s property stocks the gems to buy as prices dip below book values?
Mainland Chinese property developers are joining the list of the China-traded companies whose share prices are at big discounts to their book values. The number of such real-estate stocks on the Shanghai and Shenzhen exchanges…
Property stocks climb after China’s central bank tweaks monetary policy
Shares of Chinese property firms climbed on Monday after the People’s Bank of China (PBOC) said it would broaden the range of collateral it accepts as part of its medium-term lending facility (MLF), making another…
China Gets Hands on Chip Technology in SoftBank Deal
SoftBank said Tuesday it would cede 51% of the Chinese business for $775 million, while retaining the remainder. The buyers are led by Hopu Investment Management Co., which is backed by sovereign-wealth fund China Investment…
China just extended Trump a massive olive branch to try to calm the trade battle
China has offered to purchase close to $70 billion worth of US goods over the next year if the Trump administration backs off proposed tariffs, according to The Wall Street Journal. The deal would include…
The US reportedly flew B-52s in the South China Sea as it directly challenges Beijing’s militarization
The US has reportedly made a bold move in countering Beijing’s growing dominance in the South China Sea by flying B-52 nuclear-capable bombers over disputed islands. The flight of the B-52s, reported by CNN but…
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