The race among central banks to launch sovereign digital currencies is heating up. China has made considerable progress, with hopes of using its nascent digital currency to help internationalise the … ( read original story…
Monthly Archives For October 2020
China Sept new bank loans rise to 1.9 trln yuan, top estimates
Chinese banks extended 1.9 trillion yuan ($282.3 billion) in new yuan loans in September, up from August and exceeding analysts’ expectations. ( read original story …)
Westpac to Cut More Than 150 Jobs as Bank Exits China, India
Westpac Banking Corp. is cutting more than 150 jobs as Australia’s second-largest lender consolidates its international operations, according to people familiar with the matter. ( read original story …)
China Is Buying Up Record Chunks of Japan’s Debt Mountain
China went on a record-buying spree of Japanese bonds over the summer months, snapping up $20.9 billion of the low-yielding debt to spur talk that it’s diversifying reserves. ( read original story …)
EMERGE 2020 | Is the world still open to China tech?
Emerge 2019 was a great success; Emerge 2020, here we come. Like the name says, Emerge is about emerging trends that are shaping tech. We empower entrepreneurs, professionals, and key decision-makers … ( read original…
An Unpopular IPO Rule Hands Chinese Banks Big Windfalls
The STAR board has shaken up China’s capital markets in other ways, dispensing with practices used elsewhere such as unwritten caps on valuation, limits on first-day market moves and rationing of IPOs … ( read…
New York IPO Turns Chinese Household Goods Retailer Into Billionaire
Ye, who will own 65% of Miniso following the IPO, will have a net worth of $3.3 billion at the … the company saves costs and prices 95% of its offerings below $7.1 in China,…
Police officer in Beijing
A police officer wearing a face mask as a preventive measure against the Covid-19 (novel coronavirus) tries to stop a Photojournalist to take pictures on a street outside of a shopping mall complex in ……
China coal supplies to tighten this winter on import curbs, strong demand
China’s coking and thermal coal markets are set to tighten over the remainder of 2020 as stringent import restrictions curb supply at a time of robust demand from heavy industry, and with the winter ……
Cheap drones from China, Turkey and Israel are fueling conflicts like Armenia and Azerbaijan’s
They’re upping the casualties in regional clashes that until now have been limited by smaller countries’ inability to wage effective air campaigns. ( read original story …)
‘Socialist modern’ Shenzhen to rival Hong Kong, lead recovery
Chinese President Xi Jinping says the technology hub will be a model city for economic, digital and social changes to be rolled out around China. ( read original story …)
There are ‘clear risks’ with some firms within China’s real estate: HSBC
Investors can choose to stick to higher quality, better cash-generating companies that are likely to survive, says Herald van der Linde of HSBC Global Research. ( read original story …)
ASML reports better third-quarter sales, China growth to continue despite U.S.
ASML Holding NV, the semiconductor equipment maker, reported on Wednesday better than expected earnings for the third quarter, saying it saw double digit growth in 2021. ( read original story …)
