First, banks are going to be allowed to issue perpetual bonds to improve their solvency ratios. Second, the People’s Bank of China (PBoC) is ready to accept them as collateral for a new liquidity ……
Monthly Archives For March 2019
US agriculture secretary warns over China trade deal approach
China uses them, they need them, and that would be a really good faith signal that they are interested in really trying to resolve the severe trade deficit,” Mr Perdue said. Some US farmers are…
Ex-Swedish ambassador to China denies breaching national security
deputy chief public prosecutor Hans Ihrman told the Financial Times. The investigation centres on claims by the daughter of Hong Kong bookseller Gui Minhai — a Swedish citizen detained in China — that … (…
Race is on for tech companies like Grab, Ant Financial to gain an edge in SE Asia’s financial services market
Alibaba’s financial affiliate, which has over the last decade become one of China’s leading providers of mobile payments as well as financial services, such as its money market fund Yu’e Bao and … ( read…
China’s Geely Auto promises more models to support sales in uncertain domestic market
BEIJING (Reuters) – China’s Geely Automobile Holdings said on Thursday that it will invest more in new energy vehicles and higher-end models after forecasting flat sales in 2019 due to uncertainty … ( read original…
China State Fund Joins Shift From Coal Power Investments
“China will continue to be a main coal consumer … “Chinese banks will also continue to finance coal-fired power, even though it may be at a smaller scale.” ‘Globally Significant … ( read original story…
China Says Top U.S. Trade Officials to Visit Beijing March 28-29
BEIJING — A U.S. trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on March 28-29 for the next round of negotiations, China’s … ( read original story…
China urges U.S. to block Taiwan leader’s Hawaii stop-over
BEIJING/TAIPEI (Reuters) – China urged the United States on Thursday not to allow Taiwan President Tsai Ing-wen to stop over in Hawaii next week when she makes a tour of the island’s diplomatic … (…
China Mobile profit rises on tower unit listing
HONG KONG–China Mobile Ltd. Thursday reported a 3.1% rise in 2018 net profit on a one-time windfall from the August listing of Chinese mobile-tower builder China Tower Corp. Net profit for the year … (…
China Mobile reveals cost control and Capex achievements
China Mobile boasts 60 percent share in mobile subscribers and 52 percent share in mobile service revenues in 2018. China Mobile has achieved 13.2 percent reduction in average maintenance expense per … ( read original…
China’s Geely posts 18 percent profit jump, predicts flat 2019 sales
The company, which is China’s most globally high-profile car maker thanks to the Geely group’s investments in European manufacturers Volvo and Daimler, posted a full-year net profit of 12.55 … ( read original story …)
Tmall Global Unveils New Initiatives to Boost China’s Imports
The initiatives “ the Centralized Import Procurement (CIP) and Tmall Overseas Fulfillment (TOF) “ are import solutions offered by Tmall Global to help international brands accelerate their entry into … ( read original story …)
Prada slips in China as Louis Vuitton and Gucci power ahead
Luca Solca, an analyst at Bernstein, said that Prada still has some work to do in “trying to connect with the younger consumer group — especially in China.” “I believe this is the most important…
