BEIJING, June 1 (Reuters) – China’s central bank will start buying bank loans made by local lenders to small firms this week to try to prod banks to lend as much as 1 trillion yuan…
Monthly Archives For June 2020
China Central Bank to Buy Bank Loans to Spur Lending to Small Firms Worth 1 Trillion Yuan
The People’s Bank of China (PBOC) would also buy some bank loans extended to small firms under the inclusive financing program from June 1 on a quarterly basis, it said in a statement on its…
Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO
Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan … ( read…
‘New Era’ for China-Japan Ties Dissipates Over Trump-Xi Fight
China relations has turned sour, as the U.S. standoff with Beijing leaves Prime Minister Shinzo Abe caught up in a fight between his country’s biggest trading partner and its sole military ally. ( read original…
Former UK prime minister calls for cooperation with China over Covid-19 response
Former UK Prime Minister Gordon Brown discusses the international community’s response to health and economic challenges caused by the Covid-19 pandemic, and weighs in on what countries could be doing … ( read original story…
Remark Holdings Partners with Hanvon Technology to Win Phase 2 of China Mobile’s Smart Store Transformation
PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and … ( read original story …)
IPO Launch: Dada Nexus Proposes Terms For $264 Million IPO
Dada Nexus (DADA) has filed to raise $264 million from the sale of ADSs representing underlying ordinary shares, per an amended F-1/A registration statement. The company provides grocery and food … ( read original story…
China Puts the Final Kibosh on Trump’s Trade Deal
By reportedly halting major agricultural purchases, Beijing makes it likely U.S.-China relations will dramatically worsen. ( read original story …)
Global Stocks Rise Despite Protests, US-China Tensions
Global stock markets were firmer Monday, with Wall Street reversing opening losses and shrugging off unrest in many American cities following anti-racism protests and worsening US-China tensions. US … ( read original story …)
China’s Digital Currency Could Challenge Bitcoin and Even the Dollar
People in China are no strangers to digital payments—if anything, it’s easier to move around and shop in Shanghai or Beijing with an Alipay or WeChat Pay smartphone app than it is bearing a pocketbook…
The Impact of Social Media on COVID-19 in Wuhan, China
Now that the world is several weeks into this COVID-19 reality, people are starting to feel a new normal. Everyone is spending copious amounts of time indoors, which means one thing—more screen time. ( read…
No one knows: How the unknowable consequences of COVID-19 affect thinking about foreign policy and U.S.-China relations
How are the vast uncertainties of the present moment affecting how people think about foreign policy, and particularly U.S.-China relations? ( read original story …)
Coronavirus: China would welcome ‘international review’ into COVID-19 pandemic, says ambassador to UK
Beijing’s ambassador to the UK says the purpose of such an investigation should not be to “label any country”. ( read original story …)
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